Prime Medicine Balance Sheet Health
Financial Health criteria checks 4/6
Prime Medicine has a total shareholder equity of $189.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $332.8M and $143.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$175.53m |
| Equity | US$189.50m |
| Total liabilities | US$143.28m |
| Total assets | US$332.78m |
Recent financial health updates
Here's Why We're A Bit Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Situation
Sep 04
Is Prime Medicine (NASDAQ:PRME) In A Good Position To Invest In Growth?
May 14Is Prime Medicine (NASDAQ:PRME) In A Good Position To Deliver On Growth Plans?
Aug 25We're Not Very Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Rate
May 12Will Prime Medicine (NASDAQ:PRME) Spend Its Cash Wisely?
Jan 24Recent updates
Prime Medicine's Bristol Myers Partnership Boosts Outlook For Gene Editing Therapies
Nov 26Prime Medicine's Promising Pipeline: PM359 And Cash Burn Concerns
Sep 04Here's Why We're A Bit Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Situation
Sep 04Prime Medicine Stock: Only For The Most Patient Of Investors
Jun 20Is Prime Medicine (NASDAQ:PRME) In A Good Position To Invest In Growth?
May 14Prime Medicine's Investment Potential: A Deep Dive Into Innovation And Gene Editing
Jan 28Is Prime Medicine (NASDAQ:PRME) In A Good Position To Deliver On Growth Plans?
Aug 25We're Not Very Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Rate
May 12Will Prime Medicine (NASDAQ:PRME) Spend Its Cash Wisely?
Jan 24Financial Position Analysis
Short Term Liabilities: PRME's short term assets ($246.1M) exceed its short term liabilities ($37.9M).
Long Term Liabilities: PRME's short term assets ($246.1M) exceed its long term liabilities ($105.4M).
Debt to Equity History and Analysis
Debt Level: PRME is debt free.
Reducing Debt: PRME 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: PRME has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PRME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43% each year