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
DateValue
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