MediPharm Labs Corp.

MediPharm Labs Corp.verified

LABS.TO

Price:

$0.07

Market Cap:

$28.77M

MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada, Australia, Germany, and internationally. It formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products. The company also provides GMP flower sourcing, packaging, and distribution services. MediPharm Labs Corp. was founded in 2015 and is headquartered in Barrie, Canada.[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2019-03-04

Stock Exchange

TSX

Ticker

LABS.TO

The Current Ratio as of September 2024 (TTM) for MediPharm Labs Corp. (LABS.TO) is 3.11

According to MediPharm Labs Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 3.11. This represents a change of -2.95% compared to the average of 3.21 of the last 4 quarters.

MediPharm Labs Corp. (LABS.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of MediPharm Labs Corp. over the last ten years is 3.85. The current 3.11 Current Ratio has changed 7.98% with respect to the historical average. Over the past ten years (40 quarters), LABS.TO's Current Ratio was at its highest in in the December 2017 quarter at 63.54. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

3.85

Median

3.76

Minimum

0.16

Maximum

7.38

MediPharm Labs Corp. (LABS.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MediPharm Labs Corp. 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 = 1.03%

Maximum Annual Current Ratio = 7.38

Minimum Annual Increase = -97.18%

Minimum Annual Current Ratio = 0.16

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.37-32.65%
20225.01-32.19%
20217.38119.60%
20203.36-18.97%
20194.15132.10%
20181.791.03%
20170.16-97.18%

MediPharm Labs Corp. (LABS.TO) Average Current Ratio

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

The current Current Ratio of MediPharm Labs Corp. (LABS.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

5.25

5-year avg

4.66

10-year avg

3.85

MediPharm Labs Corp. (LABS.TO) Current Ratio vs. Peers

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

MediPharm Labs Corp.’s Current Ratio is less than OrganiGram Holdings Inc. (4.29), greater than Charlotte's Web Holdings, Inc. (3.08), greater than Fire & Flower Holdings Corp. (0.75), greater than Curaleaf Holdings, Inc. (0.87), greater than Aleafia Health Inc. (1.01),

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