Innovation Pharmaceuticals Inc.

Innovation Pharmaceuticals Inc.verified

IPIX

Price:

$0.0005

Market Cap:

$257.01K

Innovation Pharmaceuticals Inc., a clinical stage biopharmaceutical company, develops small molecule therapies to treat inflammatory diseases, cancer, dermatology, and anti- infective. Its lead drug candidate is Brilacidin, a therapeutic for the treatment of oral mucositis, inflammatory bowel disease, acute bacterial skin and skin structure infection, and COVID-19. The company is also developing Kevetrin, an anti-cancer compound for treating ovarian cancer. It has a license agreement with Alfasigma S.p.A.; and collaborative research agreement with Fox Chase Chemical Diversity Center, Inc. The company was formerly known as Cellceutix Corporation and changed its name to Innovation Pharmaceutic...[Read more]

Industry

Biotechnology

IPO Date

2007-05-04

Stock Exchange

PNK

Ticker

IPIX

The Current Ratio as of November 2024 (TTM) for Innovation Pharmaceuticals Inc. (IPIX) is 0.19

According to Innovation Pharmaceuticals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.19. This represents a change of -48.18% compared to the average of 0.36 of the last 4 quarters.

Innovation Pharmaceuticals Inc. (IPIX) Historical Current Ratio (quarterly & annually)

How has IPIX Current Ratio performed in the past?

The mean historical Current Ratio of Innovation Pharmaceuticals Inc. over the last ten years is 0.70. The current 0.19 Current Ratio has changed 2.57% with respect to the historical average. Over the past ten years (40 quarters), IPIX's Current Ratio was at its highest in in the December 2021 quarter at 2.22. The Current Ratio was at its lowest in in the December 2019 quarter at 0.03.

Quarterly (TTM)
Annual

Average

0.70

Median

0.68

Minimum

0.09

Maximum

1.63

Innovation Pharmaceuticals Inc. (IPIX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Innovation 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 = 867.92%

Maximum Annual Current Ratio = 1.63

Minimum Annual Increase = -71.36%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.33-60.41%
20220.82-49.72%
20211.6397.18%
20200.83867.92%
20190.09-71.36%
20180.30-29.31%
20170.42-46.33%
20160.79-34.42%
20151.20108.69%
20140.5858.40%

Innovation Pharmaceuticals Inc. (IPIX) Average Current Ratio

How has IPIX Current Ratio performed in the past?

The current Current Ratio of Innovation Pharmaceuticals Inc. (IPIX) 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

0.93

5-year avg

0.74

10-year avg

0.70

Innovation Pharmaceuticals Inc. (IPIX) Current Ratio vs. Peers

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

Innovation Pharmaceuticals Inc.’s Current Ratio is less than Mace Security International, Inc. (1.48), less than Isonics Corporation (0), less than CytoDyn Inc. (0.40), greater than Decision Diagnostics Corp. (0), greater than Vystar Corporation (0.07),

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