Incannex Healthcare Limited

Incannex Healthcare Limitedverified

IXHL

Price:

$1.78

Market Cap:

$31.40M

Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid products in Australia. It offers pharmaceutical grade cannabinoid products under the Incannex brand name. The company's products include IHL-42X, which is in Phase II clinical trials for obstructive sleep apnea; IHL-216A for traumatic brain injury; and IHL-675A, a combination of hydroxychloroquine and cannabidiol for the prevention and treatment of inflammatory lung conditions, such as acute respiratory distress syndrome, chronic obstructive pulmonary disease, asthma, and bronchitis, as well as rheumatoid arthritis and inflammatory bowel diseases. It has partnership with The Alfred Hospital an...[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2022-03-02

Stock Exchange

NASDAQ

Ticker

IXHL

The Current Ratio as of November 2024 (TTM) for Incannex Healthcare Limited (IXHL) is 2.88

According to Incannex Healthcare Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.88. This represents a change of -79.49% compared to the average of 14.06 of the last 4 quarters.

Incannex Healthcare Limited (IXHL) Historical Current Ratio (quarterly & annually)

How has IXHL Current Ratio performed in the past?

The mean historical Current Ratio of Incannex Healthcare Limited over the last ten years is 5.02. The current 2.88 Current Ratio has changed 5.64% with respect to the historical average. Over the past ten years (40 quarters), IXHL's Current Ratio was at its highest in in the December 2022 quarter at 37.63. The Current Ratio was at its lowest in in the December 2015 quarter at 0.

Quarterly (TTM)
Annual

Average

5.02

Median

1.99

Minimum

0.11

Maximum

18.84

Incannex Healthcare Limited (IXHL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Incannex Healthcare Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 895.73%

Maximum Annual Current Ratio = 18.84

Minimum Annual Increase = -89.90%

Minimum Annual Current Ratio = 0.11

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.88-68.03%
20239.02-52.13%
202218.8452.49%
202112.36212.56%
20203.95864.81%
20190.41-17.07%
20180.49-54.59%
20171.09895.73%
20160.11-89.90%
20151.08-39.52%

Incannex Healthcare Limited (IXHL) Average Current Ratio

How has IXHL Current Ratio performed in the past?

The current Current Ratio of Incannex Healthcare Limited (IXHL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

10.25

5-year avg

9.41

10-year avg

5.02

Incannex Healthcare Limited (IXHL) Current Ratio vs. Peers

How is IXHL’s Current Ratio compared to its peers?

Incannex Healthcare Limited’s Current Ratio is greater than Delta 9 Cannabis Inc. (0.30), less than RAMM Pharma Corp. (0), greater than City View Green Holdings Inc. (0.01), greater than Craftport Cannabis Corp. (0.03), greater than Speakeasy Cannabis Club Ltd. (1.04), greater than Eagle Pharmaceuticals, Inc. (1.70), greater than ANI Pharmaceuticals, Inc. (2.74), less than Phibro Animal Health Corporation (3.23), less than Deciphera Pharmaceuticals, Inc. (4.19), less than Prestige Consumer Healthcare Inc. (3.56), greater than Collegium Pharmaceutical, Inc. (0.97), less than Silver Spike Investment Corp. (6.09), less than Regencell Bioscience Holdings Limited (41.92), greater than Procaps Group S.A. (1.47), greater than Sihuan Pharmaceutical Holdings Group Ltd. (1.64),

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