Spectral Medical Inc.

Spectral Medical Inc.verified

EDT.TO

Price:

$0.57

Market Cap:

$161.20M

Spectral Medical Inc., together with its subsidiaries, focuses on the development and commercialization of products for the treatment of septic shock and renal disease in North America. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream. It also develops and manufactures monoclonal and polyclonal antibodies, recombinant cardiac proteins, and calibrators for use in the research and development, as well as products that are manufactured by other diagnostic companies; and develops platform ...[Read more]

Industry

Medical - Diagnostics & Research

IPO Date

1996-08-13

Stock Exchange

TSX

Ticker

EDT.TO

The Current Ratio as of November 2024 (TTM) for Spectral Medical Inc. (EDT.TO) is 0.60

According to Spectral Medical Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.60. This represents a change of -31.83% compared to the average of 0.89 of the last 4 quarters.

Spectral Medical Inc. (EDT.TO) Historical Current Ratio (quarterly & annually)

How has EDT.TO Current Ratio performed in the past?

The mean historical Current Ratio of Spectral Medical Inc. over the last ten years is 3.75. The current 0.60 Current Ratio has changed 1.51% with respect to the historical average. Over the past ten years (40 quarters), EDT.TO's Current Ratio was at its highest in in the September 2018 quarter at 12.08. The Current Ratio was at its lowest in in the March 2024 quarter at 0.36.

Quarterly (TTM)
Annual

Average

3.75

Median

3.08

Minimum

0.40

Maximum

10.41

Spectral Medical Inc. (EDT.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Spectral Medical 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 = 155.92%

Maximum Annual Current Ratio = 10.41

Minimum Annual Increase = -84.19%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.40-84.19%
20222.55-42.83%
20214.4690.07%
20202.34-4.75%
20192.46-76.34%
201810.41155.92%
20174.07-15.26%
20164.8096.66%
20152.44-32.45%
20143.6160.87%

Spectral Medical Inc. (EDT.TO) Average Current Ratio

How has EDT.TO Current Ratio performed in the past?

The current Current Ratio of Spectral Medical Inc. (EDT.TO) 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

2.47

5-year avg

2.44

10-year avg

3.75

Spectral Medical Inc. (EDT.TO) Current Ratio vs. Peers

How is EDT.TO’s Current Ratio compared to its peers?

Spectral Medical Inc.’s Current Ratio is less than Helix BioPharma Corp. (0.92), less than Aptose Biosciences Inc. (0.80), less than Microbix Biosystems Inc. (6.62), greater than Resverlogix Corp. (0.11), less than Medicenna Therapeutics Corp. (9.43),

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