Elite Pharmaceuticals Inc (ELTP)

[Kels1]

Elite Pharmaceuticals has Relatively Low Current Ratio in the Pharmaceuticals Industry (ELTP, NVS, WCRX, ISTA, ALXA)
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Below are the five companies in the Pharmaceuticals industry with the lowest Current Ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Elite Pharmaceuticals (NASDAQ:ELTP) ranks lowest with Current Ratio of 0.67; Novartis (NYSE:NVS) ranks next with Current Ratio of 0.90; and Warner Chilcott (NASDAQ:WCRX) ranks next lowest with Current Ratio of 0.96.

ISTA Pharmaceuticals (NASDAQ:ISTA) follows with Current Ratio of 1.06 and Alexza Pharmaceuticals (NASDAQ:ALXA) rounds out the group with Current Ratio of 1.06.

SmarTrend currently has shares of Alexza Pharmaceuticals in an Uptrend and issued the Uptrend alert on December 17, 2010 at $1.19. The stock has risen 50.2% since the Uptrend alert was issued.

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