Third Harmonic Bio Balance Sheet Health
Financial Health criteria checks 6/6
Third Harmonic Bio has a total shareholder equity of $294.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $304.5M and $9.6M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$296.09m |
| Equity | US$294.85m |
| Total liabilities | US$9.64m |
| Total assets | US$304.49m |
Recent financial health updates
Third Harmonic Bio (NASDAQ:THRD) Is In A Good Position To Deliver On Growth Plans
Nov 16
Companies Like Third Harmonic Bio (NASDAQ:THRD) Can Afford To Invest In Growth
Aug 03Here'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
Third Harmonic Bio (NASDAQ:THRD) Is In A Good Position To Deliver On Growth Plans
Nov 16Companies Like Third Harmonic Bio (NASDAQ:THRD) Can Afford To Invest In Growth
Aug 03Here'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 ($300.2M) exceed its short term liabilities ($7.1M).
Long Term Liabilities: THRD's short term assets ($300.2M) exceed its long term liabilities ($2.6M).
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 13.5% each year