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Passage Bio inc   (PASG)
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Passage Bio Inc 's Quick Ratio

PASG's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Current Liabilities decreased faster than Passage Bio Inc 's Cash & cash equivalent, this led to improvement in Passage Bio Inc 's Quick Ratio to 6.99, Quick Ratio remained below Passage Bio inc average.

Within Biotechnology & Pharmaceuticals industry 10 other companies have achieved higher Quick Ratio than Passage Bio Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 174, from total ranking in the third quarter 2023 at 451.

Explain Quick Ratio?
How much Cash & cash equivalents PASG´s has?
What are PASG´s Current Liabilities?


PASG Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -10.95 % -8.36 % -26.77 % -37.25 % 94.23 %
Y / Y Cash & cash equivalent Change -39.72 % -37.88 % -36.69 % -37.18 % -39.95 %
Quick Ratio MRQ 6.99 6.7 7.62 9.73 10.33
PASG's Total Ranking # 174 # 451 # 443 # 288 # 277
Seq. Current Liabilities Change -17.52 % -0.3 % 15.24 % -6.04 % -15.12 %
Seq. Cash & cash equivalent Change -13.92 % -12.34 % -9.71 % -11.52 % -11.3 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Biotechnology & Pharmaceuticals Industry # 11
Healthcare Sector # 64
Overall Market # 174


Quick Ratio Statistics
High Average Low
144.88 37.47 6.7
(Mar 31 2020)   (Sep 30 2023)




Financial Statements
Passage Bio Inc 's Current Liabilities $ 16 Millions Visit PASG's Balance sheet
Passage Bio Inc 's Cash & cash equivalent $ 114 Millions Visit PASG's Balance sheet
Source of PASG's Sales Visit PASG's Sales by Geography


Cumulative Passage Bio Inc 's Quick Ratio

PASG's Quick Ratio for the trailling 12 Months

PASG Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -10.95 % -8.36 % -26.77 % -37.25 % 94.23 %
Y / Y Cash & cash equivalent TTM Growth -39.72 % -37.88 % -36.69 % -37.18 % -39.95 %
Quick Ratio TTM 7.73 8.52 9.37 9.61 9.62
Total Ranking TTM # 63 # 3168 # 3082 # 242 # 3748
Seq. Current Liabilities TTM Growth -17.52 % -0.3 % 15.24 % -6.04 % -15.12 %
Seq. Cash & cash equivalent TTM Growth -13.92 % -12.34 % -9.71 % -11.52 % -11.3 %


On the trailing twelve months basis In spite of the year on year decrease in PASG's Current Liabilities to $16.34 millions, cumulative Quick Ratio to 7.73 below the PASG average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Biotechnology & Pharmaceuticals industry 5 other companies have achieved higher Quick Ratio than Passage Bio Inc . While Quick Ratio overall ranking has improved so far to 63, from total ranking during the twelve months ending third quarter 2023 at 3168.

Explain Quick Ratio?
How much Cash & cash equivalents PASG´s has?
What are PASG´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Biotechnology & Pharmaceuticals Industry # 6
Healthcare Sector # 33
Within the Market # 63


trailing twelve months Quick Ratio Statistics
High Average Low
22.82 12.88 7.73
(Dec 31 2020)   (Dec 31 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Biotechnology & Pharmaceuticals Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Acumen Pharmaceuticals Inc   18.77 $ 243.522  Millions$ 12.971  Millions
Krystal Biotech Inc   16.08 $ 532.178  Millions$ 33.094  Millions
Denali Therapeutics Inc   13.27 $ 1,034.511  Millions$ 77.982  Millions
Anavex Life Sciences Corp   12.42 $ 143.765  Millions$ 11.578  Millions
Allogene Therapeutics inc   12.10 $ 448.697  Millions$ 37.079  Millions
Replimune Group Inc   12.07 $ 466.351  Millions$ 38.650  Millions
Caribou Biosciences Inc   11.62 $ 328.827  Millions$ 28.302  Millions
Entera Bio Ltd   11.51 $ 11.019  Millions$ 0.957  Millions
Scholar Rock Holding Corp  11.05 $ 279.938  Millions$ 25.333  Millions
Voyager Therapeutics Inc   10.68 $ 230.875  Millions$ 21.627  Millions
Creative Medical Technology Holdings Inc   9.71 $ 3.467  Millions$ 0.357  Millions
Century Therapeutics inc   9.68 $ 172.738  Millions$ 17.846  Millions
Vir Biotechnology Inc   8.70 $ 1,525.824  Millions$ 175.407  Millions
Pharmacyte Biotech Inc   8.12 $ 61.210  Millions$ 7.539  Millions
Passage Bio inc   6.99 $ 114.294  Millions$ 16.341  Millions
Black Diamond Therapeutics Inc   6.69 $ 131.400  Millions$ 19.646  Millions
Fresh Tracks Therapeutics Inc   6.56 $ 10.868  Millions$ 1.656  Millions
Tarsus Pharmaceuticals Inc   6.16 $ 227.442  Millions$ 36.936  Millions
Springworks Therapeutics Inc   6.13 $ 479.202  Millions$ 78.170  Millions
Biontech Se  5.72 $ 13,263.936  Millions$ 2,318.960  Millions
Inhibrx Inc   5.12 $ 277.924  Millions$ 54.249  Millions
Editas Medicine Inc   5.11 $ 323.111  Millions$ 63.217  Millions
Zura Bio Limited  4.92 $ 99.806  Millions$ 20.302  Millions
Argenx se  4.84 $ 2,048.844  Millions$ 422.993  Millions
Twist Bioscience Corporation  4.77 $ 311.144  Millions$ 65.228  Millions
Molecular Partners Ag  4.67 $ 67.309  Millions$ 14.416  Millions
Curis Inc   4.61 $ 56.334  Millions$ 12.212  Millions
Immunitybio inc   4.57 $ 266.462  Millions$ 58.283  Millions
Dbv Technologies S a   4.39 $ 141.367  Millions$ 32.236  Millions
Humacyte Inc   4.36 $ 80.448  Millions$ 18.443  Millions

Date modified: 2024-03-05T01:48:23+00:00



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