Race Oncology Limited

Race Oncology Limitedverified

RAC.AX

Price:

$1.28

Market Cap:

$222.35M

Race Oncology Limited operates as a precision oncology company in Australia. The company is developing Zantrene, a potent small molecule inhibitor of the fatso/fat mass and obesity associated protein to treat for melanoma and clear cell renal cell carcinoma, as well as acute myeloid leukaemia, breast, and ovarian cancers, which is in Phase II/III clinical trial. It has a preclinical research program with the University of Newcastle for investigating Zantrene; and strategic collaboration with the University of Wollongong to evaluate Zantrene formulations. The company was formerly known as Coronado Resources Limited and changed its name to Race Oncology Limited in July 2016. Race Oncology Limi...[Read more]

Industry

Biotechnology

IPO Date

2016-07-13

Stock Exchange

ASX

Ticker

RAC.AX

The Current Ratio as of January 2025 (TTM) for Race Oncology Limited (RAC.AX) is 9.32

According to Race Oncology Limited’s latest financial reports and current stock price. The company's current Current Ratio is 9.32. This represents a change of -59.48% compared to the average of 23.01 of the last 4 quarters.

Race Oncology Limited (RAC.AX) Historical Current Ratio (quarterly & annually)

How has RAC.AX Current Ratio performed in the past?

The mean historical Current Ratio of Race Oncology Limited over the last ten years is 11.70. The current 9.32 Current Ratio has changed 7.87% with respect to the historical average. Over the past ten years (40 quarters), RAC.AX's Current Ratio was at its highest in in the December 2020 quarter at 50.35. The Current Ratio was at its lowest in in the September 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

11.70

Median

10.37

Minimum

1.05

Maximum

24.09

Race Oncology Limited (RAC.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Race Oncology Limited 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 = 989.13%

Maximum Annual Current Ratio = 24.09

Minimum Annual Increase = -57.80%

Minimum Annual Current Ratio = 1.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20249.32-54.39%
202320.44-15.16%
202224.0919.02%
202120.24147.01%
20208.2053.76%
20195.33-55.87%
201812.08150.85%
20174.82-57.80%
201611.41989.13%
20151.05123.89%

Race Oncology Limited (RAC.AX) Average Current Ratio

How has RAC.AX Current Ratio performed in the past?

The current Current Ratio of Race Oncology Limited (RAC.AX) 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

17.95

5-year avg

16.46

10-year avg

11.70

Race Oncology Limited (RAC.AX) Current Ratio vs. Peers

How is RAC.AX’s Current Ratio compared to its peers?

Race Oncology Limited’s Current Ratio is greater than Imugene Limited (3.86), greater than Incannex Healthcare Limited (2.88), greater than Paradigm Biopharmaceuticals Limited (7.22), greater than Recce Pharmaceuticals Ltd (0.34), less than Antisense Therapeutics Limited (0),

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