Lexaria Bioscience Corp.

Lexaria Bioscience Corp.verified

LEXX

Price:

$2.09

Market Cap:

$36.48M

Lexaria Bioscience Corp. operates as a biotechnology company. Its patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients enter the bloodstream by promoting effective oral delivery. The company's DehydraTECH has demonstrated the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and in some instances with cannabinoids by 27x compared to standard industry formulations, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is also being evaluated for orally administered anti-viral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and others. DehydraTECH also deliver drugs effectiv...[Read more]

Industry

Biotechnology

IPO Date

2021-01-12

Stock Exchange

NASDAQ

Ticker

LEXX

The Current Ratio as of November 2024 (TTM) for Lexaria Bioscience Corp. (LEXX) is 58.27

According to Lexaria Bioscience Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 58.27. This represents a change of 50.96% compared to the average of 38.60 of the last 4 quarters.

Lexaria Bioscience Corp. (LEXX) Historical Current Ratio (quarterly & annually)

How has LEXX Current Ratio performed in the past?

The mean historical Current Ratio of Lexaria Bioscience Corp. over the last ten years is 23.99. The current 58.27 Current Ratio has changed 24.19% with respect to the historical average. Over the past ten years (40 quarters), LEXX's Current Ratio was at its highest in in the August 2021 quarter at 81.18. The Current Ratio was at its lowest in in the May 2016 quarter at 0.84.

Quarterly (TTM)
Annual

Average

23.99

Median

11.05

Minimum

0.10

Maximum

81.18

Lexaria Bioscience Corp. (LEXX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lexaria Bioscience 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 = 11.74%

Maximum Annual Current Ratio = 81.18

Minimum Annual Increase = -90.39%

Minimum Annual Current Ratio = 0.10

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.22-77.15%
202235.96-55.70%
202181.18852.25%
20208.53-13.52%
20199.86-81.17%
201852.3472.90%
201730.272.47%
20161.18-90.39%
201512.2411.74%
20130.10-62.60%

Lexaria Bioscience Corp. (LEXX) Average Current Ratio

How has LEXX Current Ratio performed in the past?

The current Current Ratio of Lexaria Bioscience Corp. (LEXX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

41.79

5-year avg

28.75

10-year avg

23.99

Lexaria Bioscience Corp. (LEXX) Current Ratio vs. Peers

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

Lexaria Bioscience Corp.’s Current Ratio is greater than Revelation Biosciences, Inc. (1.64), greater than Zura Bio Limited (10.36), greater than Phio Pharmaceuticals Corp. (6.38), greater than ZyVersa Therapeutics, Inc. (0.03), greater than TransCode Therapeutics, Inc. (1.58), greater than Immix Biopharma, Inc. (3.47), greater than CNS Pharmaceuticals, Inc. (1.82), greater than eFFECTOR Therapeutics, Inc. (1.03), greater than Navidea Biopharmaceuticals, Inc. (0.56), greater than Sonnet BioTherapeutics Holdings, Inc. (1.65), greater than SeaStar Medical Holding Corporation (0.54), greater than Virios Therapeutics, Inc. (7.27), less than Biodexa Pharmaceuticals Plc (0), greater than Oncorus, Inc. (2.16), greater than null (1.74),

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