89bio Balance Sheet Health
Financial Health criteria checks 5/6
89bio has a total shareholder equity of $514.9M and total debt of $25.1M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are $582.1M and $67.2M respectively.
Key information
4.9%
Debt to equity ratio
US$25.13m
Debt
| Interest coverage ratio | n/a |
| Cash | US$531.38m |
| Equity | US$514.92m |
| Total liabilities | US$67.22m |
| Total assets | US$582.14m |
Recent financial health updates
Health Check: How Prudently Does 89bio (NASDAQ:ETNB) Use Debt?
Sep 26
We're Hopeful That 89bio (NASDAQ:ETNB) Will Use Its Cash Wisely
May 07We're Hopeful That 89bio (NASDAQ:ETNB) Will Use Its Cash Wisely
Jan 22
Recent updates
Health Check: How Prudently Does 89bio (NASDAQ:ETNB) Use Debt?
Sep 2689bio: Bullish In Light Of Further MOA Being Established By Peer
Aug 0789bio: Pegozafermin Could Be A Game-Changer For Liver Disease - Strong Buy
May 2389bio Still Has A Chance As NASH Race Heats Up
Oct 0689bio completes enrollment in phase 2 trial for NASH treatment
Aug 1889Bio rallies on Deep Track Capital disclosing 10% stake
Jul 0789bio: Undervalued Contender In Race For First NASH Drug Approval
Jul 20We're Hopeful That 89bio (NASDAQ:ETNB) Will Use Its Cash Wisely
May 0789bio: NASH Drug Developer With Differentiated Profile
Jan 29We're Hopeful That 89bio (NASDAQ:ETNB) Will Use Its Cash Wisely
Jan 2289bio expects to initiate Phase 2b NASH trial in 1H21
Jan 05Financial Position Analysis
Short Term Liabilities: ETNB's short term assets ($579.9M) exceed its short term liabilities ($41.7M).
Long Term Liabilities: ETNB's short term assets ($579.9M) exceed its long term liabilities ($25.6M).
Debt to Equity History and Analysis
Debt Level: ETNB has more cash than its total debt.
Reducing Debt: ETNB's debt to equity ratio has increased from 0% to 4.9% 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: ETNB has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ETNB has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 35.2% each year.