Cartesian Therapeutics (RNAC) Debt Ratio (2015 - 2023)
Cartesian Therapeutics (RNAC) reported Debt Ratio of 0.09 for Q4 2023, down 13.45% year-over-year from 0.11 in Q4 2022, and down 46.11% quarter-over-quarter from 0.17 in Q2 2023.
Cartesian Therapeutics (RNAC) Debt Ratio (2015 - 2023) Analysis & Trends
Cartesian Therapeutics (RNAC) has 9 years of Debt Ratio data on file, last reported at 0.09 in Q4 2023.
- Debt Ratio for Q4 2023 came in at 0.09, down 13.45% year-over-year; the trailing twelve-month figure through Dec 2023 was 0.09 (down 13.45% YoY), and the FY2023 annual result was 0.09, down 13.45% from the prior year.
- Debt Ratio eased to 0.09 in Q4 2023 per RNAC's latest filing, from 0.17 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.53 in Q3 2019 and troughed at 0.09 in Q4 2023.
- A 5-year average of 0.2 and a median of 0.16 in 2021 frame the typical range for Debt Ratio.
- The sharpest annual moves came in 2019 and 2020: Debt Ratio soared 58.9% in 2019, then sank 74.33% in 2020.
- A 5-year view of Debt Ratio shows it stood at 0.19 in 2019, then slipped by 21.07% to 0.15 in 2020, then climbed by 6.98% to 0.16 in 2021, then plunged by 33.13% to 0.11 in 2022, then decreased by 13.45% to 0.09 in 2023.
- Business Quant data shows RNAC's Debt Ratio at 0.09 in Q4 2023, 0.17 in Q2 2023, and 0.17 in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 0.18 |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | - |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Cartesian Therapeutics | 261.84 Mn | 261.84 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 0.09 |
| Jun 30, 2023 | 0.17 |
| Mar 31, 2023 | 0.17 |
| Dec 31, 2022 | 0.11 |
| Sep 30, 2022 | 0.15 |
| Jun 30, 2022 | 0.14 |
| Mar 31, 2022 | 0.18 |
| Dec 31, 2021 | 0.16 |
| Sep 30, 2021 | 0.15 |
| Jun 30, 2021 | 0.14 |
| Mar 31, 2021 | 0.14 |
| Dec 31, 2020 | 0.15 |
| Sep 30, 2020 | 0.14 |
| Jun 30, 2020 | 0.20 |
| Mar 31, 2020 | 0.19 |
| Dec 31, 2019 | 0.19 |
| Sep 30, 2019 | 0.53 |
| Jun 30, 2019 | 0.46 |
| Mar 31, 2019 | 0.34 |
| Dec 31, 2018 | 0.48 |