Purple Current Ratio from 2010 to 2024

PPBT Stock  USD 2.19  0.35  13.78%   
Purple Biotech Current Ratio yearly trend continues to be comparatively stable with very little volatility. Current Ratio will likely drop to 2.09 in 2024. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
2.19796742
Current Value
2.09
Quarterly Volatility
5.60284815
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Purple Biotech financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Purple Biotech's main balance sheet or income statement drivers, such as Depreciation And Amortization of 208.9 K, Interest Expense of 2.3 M or Selling General Administrative of 4.6 M, as well as many indicators such as Price To Sales Ratio of 84.89, Dividend Yield of 0.088 or PTB Ratio of 0.49. Purple financial statements analysis is a perfect complement when working with Purple Biotech Valuation or Volatility modules.
  
Check out the analysis of Purple Biotech Correlation against competitors.
For more information on how to buy Purple Stock please use our How to Invest in Purple Biotech guide.

Latest Purple Biotech's Current Ratio Growth Pattern

Below is the plot of the Current Ratio of Purple Biotech over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Purple Biotech's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Purple Biotech's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 6.94 X10 Years Trend
Slightly volatile
   Current Ratio   
       Timeline  

Purple Current Ratio Regression Statistics

Arithmetic Mean4.66
Geometric Mean2.02
Coefficient Of Variation120.22
Mean Deviation4.36
Median2.20
Standard Deviation5.60
Sample Variance31.39
Range18.8882
R-Value0.35
Mean Square Error29.78
R-Squared0.12
Significance0.21
Slope0.43
Total Sum of Squares439.49

Purple Current Ratio History

2024 2.09
2023 2.2
2022 4.71
2021 11.41
2020 19.14
2019 2.34
2018 2.57

About Purple Biotech Financial Statements

Purple Biotech shareholders use historical fundamental indicators, such as Current Ratio, to determine how well the company is positioned to perform in the future. Although Purple Biotech investors may analyze each financial statement separately, they are all interrelated. The changes in Purple Biotech's assets and liabilities, for example, are also reflected in the revenues and expenses on on Purple Biotech's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Ratio 2.20  2.09 

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Additional Tools for Purple Stock Analysis

When running Purple Biotech's price analysis, check to measure Purple Biotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Purple Biotech is operating at the current time. Most of Purple Biotech's value examination focuses on studying past and present price action to predict the probability of Purple Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purple Biotech's price. Additionally, you may evaluate how the addition of Purple Biotech to your portfolios can decrease your overall portfolio volatility.