Tenax Therapeutics, Inc.

Tenax Therapeutics, Inc.verified

TENX

Price:

$3.81

Market Cap:

$12.99M

Tenax Therapeutics, Inc., a specialty pharmaceutical company, engages in identifying, developing, and commercializing products for cardiovascular and pulmonary diseases in the United States and Canada. It develops TNX-103 and TNX-102 (levosimendan) that have completed phase II clinical trials for the treatment of patients with pulmonary hypertension associated with heart failure with preserved ejection fraction and associated pulmonary hypertension; and TNX-201 (imatinib), a tyrosine kinase inhibitor for the treatment of pulmonary arterial hypertension. The company was formerly known as Oxygen Biotherapeutics, Inc. and changed its name to Tenax Therapeutics, Inc. in September 2014. Tenax The...[Read more]

Industry

Biotechnology

IPO Date

1994-04-04

Stock Exchange

NASDAQ

Ticker

TENX

The Current Ratio as of September 2024 (TTM) for Tenax Therapeutics, Inc. (TENX) is 6.10

According to Tenax Therapeutics, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 6.10. This represents a change of -32.63% compared to the average of 9.05 of the last 4 quarters.

Tenax Therapeutics, Inc. (TENX) Historical Current Ratio (quarterly & annually)

How has TENX Current Ratio performed in the past?

The mean historical Current Ratio of Tenax Therapeutics, Inc. over the last ten years is 6.04. The current 6.10 Current Ratio has changed 10.00% with respect to the historical average. Over the past ten years (40 quarters), TENX's Current Ratio was at its highest in in the March 2018 quarter at 22.48. The Current Ratio was at its lowest in in the September 2016 quarter at 1.52.

Quarterly (TTM)
Annual

Average

6.04

Median

3.45

Minimum

1.74

Maximum

22.93

Tenax Therapeutics, Inc. (TENX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tenax 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 = 2.28%

Maximum Annual Current Ratio = 22.93

Minimum Annual Increase = -80.52%

Minimum Annual Current Ratio = 1.74

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.2687.61%
20221.74-52.26%
20213.6413.42%
20203.2131.40%
20192.44-71.31%
20188.516.45%
20177.99263.55%
20162.20-50.80%
20154.47-80.52%
201522.932.28%

Tenax Therapeutics, Inc. (TENX) Average Current Ratio

How has TENX Current Ratio performed in the past?

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

3-year avg

2.88

5-year avg

2.86

10-year avg

6.04

Tenax Therapeutics, Inc. (TENX) Current Ratio vs. Peers

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

Tenax Therapeutics, Inc.’s Current Ratio is greater than Allarity Therapeutics, Inc. (2.01), greater than NeuroBo Pharmaceuticals, Inc. (2.94), greater than Hillstream BioPharma, Inc. (2.25), less than Virax Biolabs Group Limited (25.94), greater than Quoin Pharmaceuticals, Ltd. (3.35), greater than Blue Water Vaccines, Inc. (0.54), greater than PaxMedica, Inc. Common Stock (2.40), greater than Revelation Biosciences, Inc. (1.10), greater than ZyVersa Therapeutics, Inc. (0.06), greater than Sonnet BioTherapeutics Holdings, Inc. (1.65), greater than Navidea Biopharmaceuticals, Inc. (0.56), greater than Altamira Therapeutics Ltd. (1.38), greater than Windtree Therapeutics, Inc. (0.23), greater than Dermata Therapeutics, Inc. (2.73), greater than Ensysce Biosciences, Inc. (1.88), greater than Panbela Therapeutics, Inc. (0.05), greater than Baudax Bio, Inc. (0.07), greater than Aditxt, Inc. (0.07), greater than Unicycive Therapeutics, Inc. (3.37),

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