CARGO Therapeutics Balance Sheet Health
Financial Health criteria checks 5/6
CARGO Therapeutics has a total shareholder equity of $400.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $451.0M and $50.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$404.85m |
| Equity | US$400.88m |
| Total liabilities | US$50.08m |
| Total assets | US$450.96m |
Recent financial health updates
Here's Why We're Not Too Worried About CARGO Therapeutics' (NASDAQ:CRGX) Cash Burn Situation
Nov 28
CARGO Therapeutics (NASDAQ:CRGX) Is In A Good Position To Deliver On Growth Plans
May 10Recent updates
CARGO Therapeutics: A Gutted CAR T Player Trying To Find New Direction
Mar 03Here's Why We're Not Too Worried About CARGO Therapeutics' (NASDAQ:CRGX) Cash Burn Situation
Nov 28CARGO Therapeutics (NASDAQ:CRGX) Is In A Good Position To Deliver On Growth Plans
May 10Cargo Therapeutics: High Venture Interest But Still Early Days For This CAR-T Player
Jan 28Financial Position Analysis
Short Term Liabilities: CRGX's short term assets ($410.0M) exceed its short term liabilities ($21.6M).
Long Term Liabilities: CRGX's short term assets ($410.0M) exceed its long term liabilities ($28.4M).
Debt to Equity History and Analysis
Debt Level: CRGX is debt free.
Reducing Debt: CRGX had no debt 5 years ago.
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: CRGX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CRGX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/10 01:25 |
| End of Day Share Price | 2025/03/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CARGO Therapeutics, Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yevgeniya Livshits | Chardan Capital Markets, LLC |
| Robert Burns | H.C. Wainwright & Co. |
| Michael Yee | Jefferies LLC |