Cartesian Therapeutics (RNAC) Interest Coverage Ratio (2015 - 2023)
Cartesian Therapeutics (RNAC) reported Interest Coverage Ratio of 10.26 for Q3 2023, down 414.76% year-over-year from 3.26 in Q3 2022, and up 58.59% quarter-over-quarter from 24.78 in Q2 2023.
Cartesian Therapeutics (RNAC) Interest Coverage Ratio (2015 - 2023) Analysis & Trends
Cartesian Therapeutics (RNAC) has 9 years of Interest Coverage Ratio data on file, last reported at 10.26 in Q3 2023.
- Interest Coverage Ratio for Q3 2023 came in at 10.26, down 414.76% year-over-year; the trailing twelve-month figure through Jun 2024 was 38.48 (down 158.84% YoY), and the FY2023 annual result was 30.5, down 735.96% from the prior year.
- Interest Coverage Ratio grew to 10.26 in Q3 2023 per RNAC's latest filing, from 24.78 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 19.38 in Q2 2022 and troughed at 79.84 in Q2 2020.
- A 5-year average of 19.9 and a median of 11.08 in 2020 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio jumped 2949.22% in 2022, then sank 414.76% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 37.52 in 2019, then jumped by 70.48% to 11.08 in 2020, then soared by 151.78% to 5.74 in 2021, then slumped by 283.55% to 10.53 in 2022, then increased by 2.51% to 10.26 in 2023.
- Business Quant data shows RNAC's Interest Coverage Ratio at 10.26 in Q3 2023, 24.78 in Q2 2023, and 22.75 in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (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 | 3.58 |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | 11.50 |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | -258.33 |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 547.67 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | - |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | 11.79 |
| 10 | Cartesian Therapeutics | 261.84 Mn | 261.84 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | -10.26 |
| Jun 30, 2023 | -24.78 |
| Mar 31, 2023 | -22.75 |
| Dec 31, 2022 | -10.53 |
| Sep 30, 2022 | -1.99 |
| Jun 30, 2022 | 19.38 |
| Mar 31, 2022 | 15.24 |
| Dec 31, 2021 | 5.74 |
| Sep 30, 2021 | -2.77 |
| Jun 30, 2021 | 0.64 |
| Mar 31, 2021 | -10.07 |
| Dec 31, 2020 | -11.08 |
| Sep 30, 2020 | -37.63 |
| Jun 30, 2020 | -79.84 |
| Mar 31, 2020 | -68.95 |
| Dec 31, 2019 | -37.52 |
| Sep 30, 2019 | -30.40 |
| Jun 30, 2019 | -40.59 |
| Mar 31, 2019 | -29.94 |
| Dec 31, 2018 | 2,416.50 |