Third Harmonic Bio Balance Sheet Health
Financial Health criteria checks 6/6
Third Harmonic Bio has a total shareholder equity of $263.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $270.5M and $7.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$262.83m |
Equity | US$263.50m |
Total liabilities | US$7.02m |
Total assets | US$270.52m |
Recent financial health updates
Here's Why We're Not At All Concerned With Third Harmonic Bio's (NASDAQ:THRD) Cash Burn Situation
Apr 06We're Hopeful That Third Harmonic Bio (NASDAQ:THRD) Will Use Its Cash Wisely
Sep 06We're Hopeful That Third Harmonic Bio (NASDAQ:THRD) Will Use Its Cash Wisely
May 02We're Not Very Worried About Third Harmonic Bio's (NASDAQ:THRD) Cash Burn Rate
Dec 16Recent updates
Here's Why We're Not At All Concerned With Third Harmonic Bio's (NASDAQ:THRD) Cash Burn Situation
Apr 06We're Hopeful That Third Harmonic Bio (NASDAQ:THRD) Will Use Its Cash Wisely
Sep 06We're Hopeful That Third Harmonic Bio (NASDAQ:THRD) Will Use Its Cash Wisely
May 02We're Not Very Worried About Third Harmonic Bio's (NASDAQ:THRD) Cash Burn Rate
Dec 16Financial Position Analysis
Short Term Liabilities: THRD's short term assets ($265.6M) exceed its short term liabilities ($4.0M).
Long Term Liabilities: THRD's short term assets ($265.6M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: THRD is debt free.
Reducing Debt: THRD has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: THRD has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: THRD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 16.9% each year