Madrigal Pharmaceuticals, Inc.

Madrigal Pharmaceuticals, Inc.verified

MDGL

Price:

$276.7

Market Cap:

$5.90B

Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product candidate is resmetirom, a liver-directed selective thyroid hormone receptor-ß agonist, which is in Phase III clinical trials for the treatment of non-alcoholic steatohepatitis. The company also develops MGL-3745, a backup compound to resmetirom. It has research, development, and commercialization agreement with Hoffmann-La Roche. Madrigal Pharmaceuticals, Inc. is headquartered in West Conshohocken, Pennsylvania.[Read more]

Industry

Biotechnology

IPO Date

2007-02-06

Stock Exchange

NASDAQ

Ticker

MDGL

The Current Ratio as of June 2024 (TTM) for Madrigal Pharmaceuticals, Inc. (MDGL) is 9.39

According to Madrigal Pharmaceuticals, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 9.39. This represents a change of 86.40% compared to the average of 5.04 of the last 4 quarters.

Madrigal Pharmaceuticals, Inc. (MDGL) Historical Current Ratio (quarterly & annually)

How has MDGL Current Ratio performed in the past?

The mean historical Current Ratio of Madrigal Pharmaceuticals, Inc. over the last ten years is 12.78. The current 9.39 Current Ratio has changed 7.25% with respect to the historical average. Over the past ten years (40 quarters), MDGL's Current Ratio was at its highest in in the June 2018 quarter at 90.37. The Current Ratio was at its lowest in in the September 2022 quarter at 1.59.

Quarterly (TTM)
Annual

Average

12.78

Median

5.75

Minimum

3.12

Maximum

57.46

Madrigal Pharmaceuticals, Inc. (MDGL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Madrigal Pharmaceuticals, Inc. 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 = 200.87%

Maximum Annual Current Ratio = 57.46

Minimum Annual Increase = -69.52%

Minimum Annual Current Ratio = 3.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20235.3872.40%
20223.12-11.81%
20213.54-42.27%
20206.13-65.03%
201917.52-69.52%
201857.46200.87%
201719.10122.46%
20168.58125.31%
20153.8118.47%
20143.2212.30%

Madrigal Pharmaceuticals, Inc. (MDGL) Average Current Ratio

How has MDGL Current Ratio performed in the past?

The current Current Ratio of Madrigal Pharmaceuticals, Inc. (MDGL) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

4.01

5-year avg

7.13

10-year avg

12.78

Madrigal Pharmaceuticals, Inc. (MDGL) Current Ratio vs. Peers

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

Madrigal Pharmaceuticals, Inc.’s Current Ratio is greater than Intercept Pharmaceuticals, Inc. (4.22), greater than TG Therapeutics, Inc. (3.62), less than Terns Pharmaceuticals, Inc. (27.85), greater than Hepion Pharmaceuticals, Inc. (5.99), less than Viking Therapeutics, Inc. (29.48), greater than Sarepta Therapeutics, Inc. (4.05), greater than PTC Therapeutics, Inc. (2.03), less than Day One Biopharmaceuticals, Inc. (10.93), greater than X4 Pharmaceuticals, Inc. (3.71), less than Inozyme Pharma, Inc. (14.05), less than Acumen Pharmaceuticals, Inc. (30.20), greater than Mereo BioPharma Group plc (4.86), less than 89bio, Inc. (15.03), less than Pliant Therapeutics, Inc. (16.12), greater than Arcellx, Inc. (5.46), greater than Stoke Therapeutics, Inc. (5.42), less than Krystal Biotech, Inc. (12.66), greater than Iovance Biotherapeutics, Inc. (4.63),

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