NEXGEL, Inc.

NEXGEL, Inc.verified

NXGLW

Price:

$0.46

Market Cap:

$24.04M

NEXGEL, Inc. manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. It provides facemasks, undereye patches, blister shield foot care, hexagel, cracked heel repair patches, and fever patch. The company was formerly known as AquaMed Technologies, Inc. and changed its name to NEXGEL, Inc. in November 2019. The company was founded in 1997 and is based in Langhorne, Pennsylvania.[Read more]

Industry

Medical - Instruments & Supplies

IPO Date

Stock Exchange

NASDAQ

Ticker

NXGLW

The Current Ratio as of September 2024 (TTM) for NEXGEL, Inc. (NXGLW) is 1.36

According to NEXGEL, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.36. This represents a change of -38.63% compared to the average of 2.22 of the last 4 quarters.

NEXGEL, Inc. (NXGLW) Historical Current Ratio (quarterly & annually)

How has NXGLW Current Ratio performed in the past?

The mean historical Current Ratio of NEXGEL, Inc. over the last ten years is 2.37. The current 1.36 Current Ratio has changed 5.65% with respect to the historical average. Over the past ten years (40 quarters), NXGLW's Current Ratio was at its highest in in the December 2022 quarter at 8.74. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

2.37

Median

0.92

Minimum

0.27

Maximum

8.74

NEXGEL, Inc. (NXGLW) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NEXGEL, 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 = 1.67%

Maximum Annual Current Ratio = 8.74

Minimum Annual Increase = -77.32%

Minimum Annual Current Ratio = 0.27

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.98-77.32%
20228.7481.17%
20214.821.67%
20200.27-57.50%
20190.64-27.70%
20180.89-6.40%
20170.9541.59%

NEXGEL, Inc. (NXGLW) Average Current Ratio

How has NXGLW Current Ratio performed in the past?

The current Current Ratio of NEXGEL, Inc. (NXGLW) 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

5.18

5-year avg

3.29

10-year avg

2.37

NEXGEL, Inc. (NXGLW) Current Ratio vs. Peers

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

NEXGEL, Inc.’s Current Ratio is less than NEXGEL, Inc. (1.36), greater than NLS Pharmaceutics AG (0.23), greater than NeuroSense Therapeutics Ltd. (0.26), less than Pasithea Therapeutics Corp. (6.20), greater than Cingulate Inc. (1.20),

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