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 ratio | n/a |
| Cash | US$55.71m |
| Equity | US$22.19m |
| Total liabilities | US$120.35m |
| Total assets | US$142.54m |
Recent financial health updates
Is Gritstone bio (NASDAQ:GRTS) In A Good Position To Invest In Growth?
Jul 07
We're Not Very Worried About Gritstone bio's (NASDAQ:GRTS) Cash Burn Rate
Mar 05Recent updates
We Think Some Shareholders May Hesitate To Increase Gritstone bio, Inc.'s (NASDAQ:GRTS) CEO Compensation
Jun 11Gritstone bio: GRANITE Cancer Vaccine Data Overshadowed By Offering
Apr 07Gritstone bio, Inc. (NASDAQ:GRTS) Analysts Just Slashed This Year's Revenue Estimates By 40%
Aug 14Gritstone bio: Early Data For SLATE Candidate Sets Up 2023 Catalyst
Sep 26Gritstone reaches six-month high on publication of data for cancer vaccine
Aug 16Gritstone bio announces $80M credit facility
Jul 21Is Gritstone bio (NASDAQ:GRTS) In A Good Position To Invest In Growth?
Jul 07Gritstone bio: Potential To Advance Colorectal Cancer Treatment
Jul 05Gritstone bio: Investing In A Premium mRNA Technology At A Discounted Valuation
Jun 14Some Analysts Just Cut Their Gritstone bio, Inc. (NASDAQ:GRTS) Estimates
Mar 17We're Not Very Worried About Gritstone bio's (NASDAQ:GRTS) Cash Burn Rate
Mar 05Gritstone: Why The Stock Fell On Positive Data
Jan 18Financial Position Analysis
Short Term Liabilities: GRTS.Q's short term assets ($60.7M) exceed its short term liabilities ($23.9M).
Long Term Liabilities: GRTS.Q's short term assets ($60.7M) do not cover its long term liabilities ($96.5M).
Debt to Equity History and Analysis
Debt Level: GRTS.Q has more cash than its total debt.
Reducing Debt: GRTS.Q'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: GRTS.Q has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GRTS.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.8% each year