XORTX Therapeutics Inc.

XORTX Therapeutics Inc.verified

XRTX

Price:

$1.73

Market Cap:

$5.02M

XORTX Therapeutics Inc., a bio-pharmaceutical company, engages in the development and commercialization of therapies to treat progressive kidney diseases, diabetes, insulin resistance, metabolic syndrome, diabetes, diabetic nephropathy, and infection. It develops XRx-008, a late clinical stage program therapy for autosomal dominant polycystic kidney disease; XRx-101, an uric acid lowering agent used to treat patients infected with the coronavirus COVID-19 infection and suppression of acute kidney injury and associated health consequences; and XRx-221, a xanthine oxidase inhibitor candidates for the treatment of diabetic nephropathy. The company has a partnership with the Icahn School of Medi...[Read more]

Industry

Biotechnology

IPO Date

2021-09-23

Stock Exchange

NASDAQ

Ticker

XRTX

The Current Ratio as of September 2024 (TTM) for XORTX Therapeutics Inc. (XRTX) is 1.58

According to XORTX Therapeutics Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.58. This represents a change of -82.89% compared to the average of 9.23 of the last 4 quarters.

XORTX Therapeutics Inc. (XRTX) Historical Current Ratio (quarterly & annually)

How has XRTX Current Ratio performed in the past?

The mean historical Current Ratio of XORTX Therapeutics Inc. over the last ten years is 3.20. The current 1.58 Current Ratio has changed 4.84% with respect to the historical average. Over the past ten years (40 quarters), XRTX's Current Ratio was at its highest in in the November 2016 quarter at 24.56. The Current Ratio was at its lowest in in the August 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

3.20

Median

1.09

Minimum

0.03

Maximum

13.80

XORTX Therapeutics Inc. (XRTX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of XORTX 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 = 1.80%

Maximum Annual Current Ratio = 13.80

Minimum Annual Increase = -83.17%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
202313.8091.75%
20227.1988.95%
20213.8191.51%
20201.99216.95%
20190.63-42.35%
20181.091.80%
20170.0687.29%
20160.03-83.17%

XORTX Therapeutics Inc. (XRTX) Average Current Ratio

How has XRTX Current Ratio performed in the past?

The current Current Ratio of XORTX Therapeutics Inc. (XRTX) 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

8.27

5-year avg

5.48

10-year avg

3.20

XORTX Therapeutics Inc. (XRTX) Current Ratio vs. Peers

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

XORTX Therapeutics Inc.’s Current Ratio is less than Context Therapeutics Inc. (64.01), greater than NeuroSense Therapeutics Ltd. (0.26), greater than Better Therapeutics, Inc. (0.57), less than Quoin Pharmaceuticals, Ltd. (3.35), less than Ensysce Biosciences, Inc. (1.88),

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