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Protagenic Therapeutics Inc new  (PTIX)
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Protagenic Therapeutics Inc New's Quick Ratio

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


Current Liabilities decreased faster than Protagenic Therapeutics Inc New's Cash & cash equivalent, this led to improvement in Protagenic Therapeutics Inc New's Quick Ratio to 4.12, Quick Ratio remained below Protagenic Therapeutics Inc new average.

Within Major Pharmaceutical Preparations industry 209 other companies have achieved higher Quick Ratio than Protagenic Therapeutics Inc New in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 0 to 659.

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


PTIX Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 131.27 % 225.07 % 158.87 % 102.98 % -23.59 %
Y / Y Cash & cash equivalent Change -35.33 % -31.86 % -21.82 % -23.07 % -24.89 %
Quick Ratio MRQ 4.12 4.01 6.11 7.87 14.73
PTIX's Total Ranking # 659 # 0 # 651 # 504 # 263
Seq. Current Liabilities Change -14.97 % 20.24 % 23.47 % 83.19 % 19.52 %
Seq. Cash & cash equivalent Change -12.75 % -21.01 % -4.11 % -2.13 % -8.07 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 210
Healthcare Sector # 359
Overall Market # 659


Quick Ratio Statistics
High Average Low
20.76 4.88 0
(Dec 31 2021)   (Dec 31 2015)




Financial Statements
Protagenic Therapeutics Inc New's Current Liabilities $ 1 Millions Visit PTIX's Balance sheet
Protagenic Therapeutics Inc New's Cash & cash equivalent $ 5 Millions Visit PTIX's Balance sheet
Source of PTIX's Sales Visit PTIX's Sales by Geography


Cumulative Protagenic Therapeutics Inc New's Quick Ratio

PTIX's Quick Ratio for the trailling 12 Months

PTIX Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 131.27 % 225.07 % 158.87 % 102.98 % -23.59 %
Y / Y Cash & cash equivalent TTM Growth -35.33 % -31.86 % -21.82 % -23.07 % -24.89 %
Quick Ratio TTM 5.33 6.9 9.95 13.84 18.59
Total Ranking TTM # 3266 # 0 # 563 # 3800 # 206
Seq. Current Liabilities TTM Growth -14.97 % 20.24 % 23.47 % 83.19 % 19.52 %
Seq. Cash & cash equivalent TTM Growth -12.75 % -21.01 % -4.11 % -2.13 % -8.07 %


On the trailing twelve months basis Due to fall in Current Liabilities in the III Quarter 2023 to $1.28 millions, cumulative Quick Ratio decreased to 5.33 above the PTIX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Major Pharmaceutical Preparations industry 468 other companies have achieved higher Quick Ratio than Protagenic Therapeutics Inc New. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 0 to 3266.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Major Pharmaceutical Preparations Industry # 469
Healthcare Sector # 955
Within the Market # 3266


trailing twelve months Quick Ratio Statistics
High Average Low
14.76 5.24 0.53
(Mar 31 2022)   (Sep 30 2019)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Major Pharmaceutical Preparations Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Cormedix Inc   11.29 $ 86.587  Millions$ 7.671  Millions
Artelo Biosciences Inc   11.10 $ 10.225  Millions$ 0.921  Millions
Erasca Inc   11.10 $ 296.668  Millions$ 26.730  Millions
Anaptysbio Inc   11.03 $ 413.047  Millions$ 37.437  Millions
Mei Pharma Inc   10.95 $ 82.202  Millions$ 7.509  Millions
Ocuphire Pharma Inc   10.84 $ 42.361  Millions$ 3.909  Millions
Atai Life Sciences N v   10.77 $ 208.994  Millions$ 19.403  Millions
Nkarta Inc   10.75 $ 275.613  Millions$ 25.640  Millions
Lipocine Inc   10.64 $ 23.848  Millions$ 2.241  Millions
Kinnate Biopharma Inc   10.62 $ 167.576  Millions$ 15.774  Millions
Caladrius Biosciences Inc   10.60 $ 54.394  Millions$ 5.132  Millions
Pasithea Therapeutics Corp   10.53 $ 19.680  Millions$ 1.869  Millions
Cryoport inc   10.41 $ 467.518  Millions$ 44.905  Millions
Structure Therapeutics Inc   10.22 $ 205.424  Millions$ 20.091  Millions
Actinium Pharmaceuticals Inc   10.18 $ 82.978  Millions$ 8.150  Millions
89bio Inc   9.99 $ 251.926  Millions$ 25.212  Millions
Lianbio  9.84 $ 252.222  Millions$ 25.627  Millions
Virios Therapeutics Inc   9.82 $ 4.786  Millions$ 0.487  Millions
Annexon Inc   9.63 $ 165.271  Millions$ 17.170  Millions
Syndax Pharmaceuticals Inc   9.54 $ 373.821  Millions$ 39.174  Millions
Milestone Pharmaceuticals inc   9.34 $ 75.746  Millions$ 8.114  Millions
Adicet Bio Inc   9.27 $ 183.257  Millions$ 19.768  Millions
Reneo Pharmaceuticals Inc   9.26 $ 125.614  Millions$ 13.563  Millions
Aerovate Therapeutics Inc   9.18 $ 135.199  Millions$ 14.725  Millions
Xenetic Biosciences Inc   9.15 $ 9.776  Millions$ 1.069  Millions
Werewolf Therapeutics Inc   9.01 $ 130.058  Millions$ 14.439  Millions
Igm Biosciences Inc   9.01 $ 386.991  Millions$ 42.965  Millions
Cytokinetics Incorporated  8.91 $ 539.239  Millions$ 60.487  Millions
Phathom Pharmaceuticals Inc   8.91 $ 213.677  Millions$ 23.979  Millions
Generation Bio Co   8.87 $ 291.025  Millions$ 32.819  Millions

Date modified: 2024-02-17T23:14:25+00:00



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