Incannex Healthcare Limited (IXHL) Key Metrics
IXHL valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $35.4M
- Enterprise value
- −$33.1M
- P/E (TTM)
- —
- Forward P/E
- 3.8
- PEG ratio
- —
- Price / sales
- 84.2
- Price / book
- 0.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.82
IXHL key metrics, FY2025–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsIXHL returns How much profit the business earns on the capital it uses.
IXHL financial health Debt, liquidity and how easily interest is covered.
IXHL valuation history
IXHL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IXHL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IXHL price vs earnings per share
IXHL key metrics
FY2025–FY2026| FY2026 | FY2025 | |
|---|---|---|
| Valuation | ||
| Market capitalization | $43.8M | — |
| Enterprise value | −$23.8M | — |
| Price / book | 0.7 | — |
| Earnings yield | −44.0% | — |
| Free cash flow yield | −29.4% | — |
| Share price at fiscal year-end | $3.76 | $6.48 |
| Per share | ||
| Revenue per share | $0.00 | — |
| Earnings per share | −$1.66 | — |
| Operating cash flow per share | −$1.10 | — |
| Free cash flow per share | −$1.10 | — |
| Cash per share | $5.81 | — |
| Book value per share | $5.78 | — |
| Tangible book value per share | $5.78 | — |
| Capex per share | $0.00 | — |
| Debt per share | $0.01 | — |
| Shares outstanding | 11.7M | — |
| Returns & profitability | ||
| Return on equity (ROE) | −47.8% | −350.2% |
| Return on assets (ROA) | −41.3% | −229.3% |
| Return on tangible assets | −26.4% | −229.3% |
| Financial health | ||
| Total debt | $96,000 | $258,000 |
| Cash & short-term investments | $67.7M | $15.0M |
| Net debt | −$67.6M | −$14.8M |
| Debt / equity | 0.00 | 0.02 |
| Debt / assets | 0.00 | 0.01 |
| Current ratio | 48.81 | 2.86 |
| Quick ratio | 48.81 | 2.86 |
| Interest coverage | — | -78.5 |
| Working capital | $71.3M | $13.0M |
| Invested capital | −$242,000 | −$1.4M |
| Tangible asset value | $67.4M | $13.4M |
| Net current asset value | $67.2M | $12.9M |
| Graham net-net per share | $5.33 | — |
| Capital allocation | ||
| Capex / revenue | — | 9.3% |
| Capex / depreciation | 0.04 | 0.03 |
| Stock-based compensation / revenue | — | 3,033.7% |
| R&D / revenue | — | 12,496.5% |
| SG&A / revenue | — | 15,265.1% |
| Efficiency | ||
| Days sales outstanding | — | 19,633.6 |
| Days payables outstanding | — | 9,012.2 |
| Cash conversion cycle (days) | — | 10,621.4 |
| Receivables turnover | — | 0.02 |
| Payables turnover | — | 0.04 |
| Asset turnover | 0.00 | 0.00 |
| Average receivables | — | $4.6M |
| Average payables | — | $6.1M |
| Intangibles / total assets | 0.0% | 0.0% |
Computed from IXHL's annual financial statements (latest annual report filed September 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IXHL valuation and financial ratios
Incannex Healthcare earned a return on equity of −47.8% in fiscal 2026. It ended the year with $0.1 million of debt and $67.7 million in cash and short-term investments, a net cash position of $67.6 million.
See the IXHL income statement, the IXHL chart for price history, or the IXHL stock overview for the latest quote and news.
IXHL key metrics FAQ
What is Incannex Healthcare's return on equity?
Incannex Healthcare's return on equity (ROE) was −47.8% in fiscal 2026: net income of -$19.3 million on average shareholders' equity of $40.4 million.
How much debt does Incannex Healthcare have?
Incannex Healthcare had total debt of $0.1 million at the end of fiscal 2026, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Incannex Healthcare's free cash flow yield?
Incannex Healthcare generated -$12.9 million of free cash flow in fiscal 2026, a free cash flow yield of −29.4% on its market value at year-end ($43.8 million).
What is Incannex Healthcare's current ratio?
Incannex Healthcare's current ratio was 48.81 at the end of fiscal 2026: current assets were 48.81 times current liabilities.