Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the current ratio high or low?
The current ratio of 31.18 is 157% above its 5-year average of 12.15, near the high end of its 5-year range (1.45–31.18).
As of the fiscal period ended Tuesday, June 30, 2026. 48.72% above its 12-month average of 20.96.
Reported quarterly current ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 31.18.
CURRENT RATIO
31.18
CURRENT RATIO AVG TTM
20.96
CURRENT RATIO AVG 3Y
16.06
CURRENT RATIO AVG 5Y
12.15
CURRENT RATIO AVG 10Y
10.04
CURRENT RATIO AVG 15Y
7.23
CURRENT RATIO AVG 20Y
5.39
CURRENT VS TTM AVG
+48.72%
CURRENT VS 3Y AVG
+94.15%
CURRENT VS 5Y AVG
+156.56%
CURRENT VS 10Y AVG
+210.68%
CURRENT VS 15Y AVG
+331.38%
CURRENT VS 20Y AVG
+478.76%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 629 covered companies
CURRENT VS SECTOR MEDIAN
+830.67%
vs the sector median at left
Ligand Pharmaceuticals Incorporated
Market Cap
$5.94B
Current Ratio
31.18
TTM Avg
20.96
3Y Avg
16.06
5Y Avg
12.15
Market Cap
$5.80B
Current Ratio
4.35
TTM Avg
3.47
3Y Avg
3.74
5Y Avg
5.38
Market Cap
$5.67B
Current Ratio
3.90
TTM Avg
3.54
3Y Avg
4.15
5Y Avg
5.24
Market Cap
$5.53B
Current Ratio
1.81
TTM Avg
1.62
3Y Avg
1.66
5Y Avg
1.66
Market Cap
$6.45B
Current Ratio
2.20
TTM Avg
1.79
3Y Avg
1.77
5Y Avg
1.94
| NAME | MARKET CAP | CURRENT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ligand Pharmaceuticals Incorporated (LGND) | $5.94B | 31.18 | 20.96 | 16.06 | 12.15 |
| GRAIL Inc. (GRAL)vs › | $5.97B | 10.95 | 11.32 | 6.44 | 5.89 |
| Iovance Biotherapeutics, Inc. (IOVA)vs › | $5.80B | 4.35 | 3.47 | 3.74 | 5.38 |
| CG Oncology Inc. (CGON)vs › | $5.72B | 22.22 | 29.96 | 20.77 | 18.57 |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.67B | 3.90 | 3.54 | 4.15 | 5.24 |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.53B | 1.81 | 1.62 | 1.66 | 1.66 |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.45B | 2.20 | 1.79 | 1.77 | 1.94 |
| Doximity, Inc. (DOCS)vs › | $5.38B | 6.08 | 6.53 | 6.56 | 6.07 |
| Lantheus Holdings, Inc. (LNTH)vs › | $6.53B | 3.06 | 4.11 | 4.19 | 3.61 |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.64B | 0.93 | 1.84 | 2.80 | 3.67 |
Current Ratio
31.18
Quick Ratio
30.96
Current Ratio = Current Assets / Current Liabilities
The current ratio measures short-term liquidity — a company's ability to cover current liabilities with current assets. Above 1.0 indicates positive working capital.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | CURRENT RATIO |
|---|---|
| 2026-06-30 | 31.18 |
| 2026-03-31 | 21.28 |
| 2025-12-31 | 22.23 |
| 2025-09-30 | 24.69 |
| 2025-06-30 | 5.45 |
| 2025-03-31 | 5.27 |
| 2024-12-31 | 8.93 |
| 2024-09-30 | 12.49 |
| 2024-06-30 | 16.82 |
| 2024-03-31 | 20.70 |
| 2023-12-31 | 14.15 |
| 2023-09-30 | 16.15 |
| 2023-06-30 | 9.42 |
| 2023-03-31 | 3.32 |
| 2022-12-31 | 2.67 |
| 2022-09-30 | 1.63 |
| 2022-06-30 | 1.45 |
| 2022-03-31 | 6.48 |
| 2021-12-31 | 11.15 |
| 2021-09-30 | 11.90 |
| 2021-06-30 | 7.83 |
| 2021-03-31 | 4.57 |
| 2020-12-31 | 5.00 |
| 2020-09-30 | 20.28 |
| 2020-06-30 | 29.51 |
| 2020-03-31 | 40.65 |
| 2019-12-31 | 66.09 |
| 2019-09-30 | 33.14 |
| 2019-06-30 | 13.23 |
| 2019-03-31 | 8.39 |
| 2018-12-31 | 10.58 |
| 2018-09-30 | 2.20 |
| 2018-06-30 | 2.34 |
| 2018-03-31 | 1.41 |
| 2017-12-31 | 0.99 |
| 2017-09-30 | 0.97 |
| 2017-06-30 | 0.87 |
| 2017-03-31 | 0.77 |
| 2016-12-31 | 0.72 |
| 2016-09-30 | 0.62 |
| 2016-06-30 | 0.57 |
| 2016-03-31 | 10.87 |
| 2015-12-31 | 10.35 |
| 2015-09-30 | 12.94 |
| 2015-06-30 | 10.96 |
| 2015-03-31 | 10.56 |
| 2014-12-31 | 8.13 |
| 2014-09-30 | 10.77 |
| 2014-06-30 | 1.54 |
| 2014-03-31 | 1.59 |
| 2013-12-31 | 0.86 |
| 2013-09-30 | 0.51 |
| 2013-06-30 | 0.45 |
| 2013-03-31 | 0.54 |
| 2012-12-31 | 0.67 |
| 2012-09-30 | 0.58 |
| 2012-06-30 | 0.69 |
| 2012-03-31 | 0.87 |
| 2011-12-31 | 0.74 |
| 2011-09-30 | 0.63 |
| 2011-06-30 | 0.66 |
| 2011-03-31 | 0.70 |
| 2010-12-31 | 1.11 |
| 2010-09-30 | 0.96 |
| 2010-06-30 | 1.00 |
| 2010-03-31 | 1.22 |
| 2009-12-31 | 1.31 |
| 2009-09-30 | 1.13 |
| 2009-06-30 | 1.44 |
| 2009-03-31 | 1.28 |
| 2008-12-31 | 1.33 |
| 2008-09-30 | 1.66 |
| 2008-06-30 | 2.15 |
| 2008-03-31 | 2.30 |
| 2007-12-31 | 2.16 |
| 2007-09-30 | 1.94 |
| 2007-06-30 | 1.94 |
| 2007-03-31 | 1.26 |
| 2006-12-31 | 1.38 |
| 2006-09-30 | 0.28 |
| 2006-06-30 | 0.42 |
| 2006-03-31 | 0.44 |
| 2005-12-31 | 0.57 |
| 2005-09-30 | 0.52 |
| 2005-06-30 | 0.51 |
| 2005-03-31 | 0.61 |
| 2004-12-31 | 0.80 |
| 2004-09-30 | 1.75 |
| 2004-06-30 | 1.93 |
| 2004-03-31 | 2.18 |
| 2003-12-31 | 2.41 |
| 2003-09-30 | 2.29 |
| 2003-06-30 | 1.62 |
| 2003-03-31 | 1.67 |
| 2002-12-31 | 2.74 |
| 2002-09-30 | 1.75 |