Cardiol Therapeutics Inc.

Cardiol Therapeutics Inc.verified

CRDL

Price:

$2.285

Market Cap:

$217.06M

Cardiol Therapeutics Inc., a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of cardiovascular disease (CVD). Its lead product is CardiolRx, which is in Phase II/III multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx as a cardioprotective therapy to reduce cardiovascular and respiratory events in patients hospitalized with COVID-19, as well as to evaluate the efficacy and safety of CardiolRx in acute myocarditis. The company is also developing subcutaneous formulation of CardiolRx for the treatment of fibrosis and inflammation i...[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2019-01-15

Stock Exchange

NASDAQ

Ticker

CRDL

The Current Ratio as of September 2024 (TTM) for Cardiol Therapeutics Inc. (CRDL) is 2.39

According to Cardiol Therapeutics Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.39. This represents a change of -35.48% compared to the average of 3.71 of the last 4 quarters.

Cardiol Therapeutics Inc. (CRDL) Historical Current Ratio (quarterly & annually)

How has CRDL Current Ratio performed in the past?

The mean historical Current Ratio of Cardiol Therapeutics Inc. over the last ten years is 10.03. The current 2.39 Current Ratio has changed 2.29% with respect to the historical average. Over the past ten years (40 quarters), CRDL's Current Ratio was at its highest in in the June 2019 quarter at 24.67. The Current Ratio was at its lowest in in the June 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

10.03

Median

7.53

Minimum

4.36

Maximum

20.81

Cardiol Therapeutics Inc. (CRDL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cardiol Therapeutics 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 = 85.48%

Maximum Annual Current Ratio = 20.81

Minimum Annual Increase = -71.47%

Minimum Annual Current Ratio = 4.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.36-30.45%
20226.27-16.83%
20217.5326.92%
20205.94-71.47%
201920.8185.48%
201811.22-20.21%

Cardiol Therapeutics Inc. (CRDL) Average Current Ratio

How has CRDL Current Ratio performed in the past?

The current Current Ratio of Cardiol Therapeutics Inc. (CRDL) 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

6.05

5-year avg

8.98

10-year avg

10.03

Cardiol Therapeutics Inc. (CRDL) Current Ratio vs. Peers

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

Cardiol Therapeutics Inc.’s Current Ratio is greater than Flora Growth Corp. (1.16), greater than ABVC BioPharma, Inc. (0.33), less than Indaptus Therapeutics, Inc. (3.88), greater than HCW Biologics Inc. (0.10), greater than PainReform Ltd. (0.61),

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