The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are looking carefully at liquidity, given the challenging environment for capital raises. The median cash flow adjusted current ratio for the 21 Psychedelics companies in our database is a healthy 2.62x, indicating that at least half of the group has sufficient cash resources to make it through the year with no additional financing.  More concerning however is the lowest quartile figure of -2.71x, which indicates that more than 25% of the companies have significant liquidity stress.