Gritstone bio Balance Sheet Health

Financial Health criteria checks 2/6

Gritstone bio has a total shareholder equity of $22.2M and total debt of $40.5M, which brings its debt-to-equity ratio to 182.5%. Its total assets and total liabilities are $142.5M and $120.4M respectively.

Key information

182.5%

Debt to equity ratio

US$40.51m

Debt

Interest coverage ration/a
CashUS$55.71m
EquityUS$22.19m
Total liabilitiesUS$120.35m
Total assetsUS$142.54m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 2JQ's short term assets ($60.7M) exceed its short term liabilities ($23.9M).

Long Term Liabilities: 2JQ's short term assets ($60.7M) do not cover its long term liabilities ($96.5M).


Debt to Equity History and Analysis

Debt Level: 2JQ has more cash than its total debt.

Reducing Debt: 2JQ's debt to equity ratio has increased from 0% to 182.5% over the 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: 2JQ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 2JQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.8% each year


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