Larimar Therapeutics, Inc.

Larimar Therapeutics, Inc.verified

LRMR

Price:

$6.78

Market Cap:

$432.61M

Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 1 clinical trial for the treatment of Friedreich's ataxia, a rare, progressive, and fatal genetic disease. The company is based in Bala Cynwyd, Pennsylvania.[Read more]

Industry

Biotechnology

IPO Date

2014-06-19

Stock Exchange

NASDAQ

Ticker

LRMR

The Current Ratio as of September 2024 (TTM) for Larimar Therapeutics, Inc. (LRMR) is 10.93

According to Larimar Therapeutics, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 10.93. This represents a change of -18.18% compared to the average of 13.35 of the last 4 quarters.

Larimar Therapeutics, Inc. (LRMR) Historical Current Ratio (quarterly & annually)

How has LRMR Current Ratio performed in the past?

The mean historical Current Ratio of Larimar Therapeutics, Inc. over the last ten years is 10.57. The current 10.93 Current Ratio has changed 10.23% with respect to the historical average. Over the past ten years (40 quarters), LRMR's Current Ratio was at its highest in in the March 2015 quarter at 24.80. The Current Ratio was at its lowest in in the March 2019 quarter at 0.32.

Quarterly (TTM)
Annual

Average

10.57

Median

11.09

Minimum

0.81

Maximum

16.98

Larimar Therapeutics, Inc. (LRMR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Larimar Therapeutics, 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 = 1.25%

Maximum Annual Current Ratio = 16.98

Minimum Annual Increase = -91.16%

Minimum Annual Current Ratio = 0.81

Quarterly (TTM)
Annual
YearCurrent RatioChange
20239.49-15.89%
202211.2838.18%
20218.16-25.07%
202010.891.25%
20190.81-91.16%
20189.12-36.62%
201714.398.74%
201613.2316.35%
201511.37-33.04%

Larimar Therapeutics, Inc. (LRMR) Average Current Ratio

How has LRMR Current Ratio performed in the past?

The current Current Ratio of Larimar Therapeutics, Inc. (LRMR) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

9.64

5-year avg

8.13

10-year avg

10.57

Larimar Therapeutics, Inc. (LRMR) Current Ratio vs. Peers

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

Larimar Therapeutics, Inc.’s Current Ratio is less than Vaxcyte, Inc. (17.88), greater than Syndax Pharmaceuticals, Inc. (10.50), greater than Merus N.V. (9.97), greater than Sutro Biopharma, Inc. (3.41), greater than Immuneering Corporation (9.39), less than Centessa Pharmaceuticals plc (13.29), less than Celcuity Inc. (14.95), less than Ikena Oncology, Inc. (18.22), greater than Spero Therapeutics, Inc. (2.68), greater than Bolt Biotherapeutics, Inc. (4.28), greater than Coherus BioSciences, Inc. (1.21), greater than Gracell Biotechnologies Inc. (7.73), less than Neoleukin Therapeutics, Inc. (15.33), greater than Surrozen, Inc. (6.96), less than Keros Therapeutics, Inc. (20.37), greater than Kezar Life Sciences, Inc. (9.58), less than Cabaletta Bio, Inc. (11.52), greater than Homology Medicines, Inc. (4.19), greater than Day One Biopharmaceuticals, Inc. (4.09), greater than Alector, Inc. (3.52),

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