Incannex Healthcare Limited

Incannex Healthcare Limitedverified

IHL.AX

Price:

$0.041

Market Cap:

$33.70M

Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies in Australia. It offers APIRx-1801, an ultrapure tetrahydrocannabinol; APIRx-1802, an ultrapure CBD; and APIRx-1803, an ultrapure cannabigerol. The company also develops IHL-42X, which has completed Phase IIa clinical trial for obstructive sleep apnea; Psi-GAD that is in Phase IIa clinical trial for generalized anxiety disorder; MedChew Dronabinol, which has completed Phase Ia clinical trial for nausea and vomiting in chemotherapy; CanChew Plus that has completed Phase IIa clinical trial for irritable bowel syndrome; APIRx-1601, which has c...[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2007-05-23

Stock Exchange

ASX

Ticker

IHL.AX

The Current Ratio as of January 2025 (TTM) for Incannex Healthcare Limited (IHL.AX) 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 (IHL.AX) Historical Current Ratio (quarterly & annually)

How has IHL.AX 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), IHL.AX's Current Ratio was at its highest in in the June 2007 quarter at 41.62. The Current Ratio was at its lowest in in the June 2016 quarter at 0.11.

Quarterly (TTM)
Annual

Average

5.02

Median

1.99

Minimum

0.11

Maximum

18.84

Incannex Healthcare Limited (IHL.AX) 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 (IHL.AX) Average Current Ratio

How has IHL.AX Current Ratio performed in the past?

The current Current Ratio of Incannex Healthcare Limited (IHL.AX) 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 (IHL.AX) Current Ratio vs. Peers

How is IHL.AX’s Current Ratio compared to its peers?

Incannex Healthcare Limited’s Current Ratio is greater than Creso Pharma Limited (0.76), less than Botanix Pharmaceuticals Limited (22.21), greater than Althea Group Holdings Limited (0.64), greater than Cann Group Limited (0.21), greater than MGC Pharmaceuticals Limited (0.76),

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