How much debt does Erasca have?
According to Erasca's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Erasca's total debt stands at $51.89M. This is broken down into:
- Long-term debt: $47.27M
- Short-term debt: $4.62M
The company's net debt, which accounts for cash and cash equivalents, is $-15.85M. In terms of overall financial obligations, Erasca's total liabilities amount to $79.03M.
Debt Ratios and Metrics
To better understand Erasca's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.12 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 10.33% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 10.04% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 10.92% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Erasca's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$51.89M
Long-term Debt
$47.27M
Short-term Debt
$4.62M
Net Debt
$-15.85M
Total Liabilities
$79.03M
Interest Coverage
0.00
Debt to Equity Ratio
0.12
Debt Ratio
10.33%
Erasca Historical Debt Metrics
Erasca Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $51.89M | $47.27M | $4.62M | $-15.85M | $79.03M | 0.12 | 10.33% | 0.00 | 10.04% | 10.92% |
| 2023 | $55.86M | $51.89M | $3.97M | $-37.22M | $78.61M | 0.18 | 14.13% | 0.00 | 0.00% | 14.99% |
| 2022 | $55.10M | $107.59M | $2.61M | $-229.12M | $103.06M | -0.11 | 10.70% | -1.23 | -12.59% | -12.94% |
| 2021 | $18.79M | $37.01M | $570.00K | $-341.70M | $44.89M | -0.08 | 3.75% | 0.00 | -8.42% | -8.57% |
| 2020 | $2.99M | $2.11M | $877.00K | $-62.39M | $238.81M | -0.03 | 2.39% | 0.00 | 0.00% | -2.69% |
| 2019 | $3.69M | $2.96M | $726.00K | $-25.89M | $69.12M | -0.27 | 6.65% | 0.00 | 0.00% | -37.21% |
Related Metrics
Explore detailed financial metrics and analysis for ERAS.