How much debt does NextCure have?
According to NextCure's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
NextCure's total debt stands at $5.15M. This is broken down into:
- Long-term debt: $5.15M
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $-22.57M. In terms of overall financial obligations, NextCure's total liabilities amount to $15.39M.
Debt Ratios and Metrics
To better understand NextCure's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.08 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 6.37% - 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: 7.30% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 7.30% - this indicates the total debt in the company's capital structure.
These metrics provide insight into NextCure'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
$5.15M
Long-term Debt
$5.15M
Short-term Debt
$-
Net Debt
$-22.57M
Total Liabilities
$15.39M
Interest Coverage
0.00
Debt to Equity Ratio
0.08
Debt Ratio
6.37%
NextCure Historical Debt Metrics
NextCure 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 | $5.15M | $5.15M | $- | $-22.57M | $15.39M | 0.08 | 6.37% | 0.00 | 7.30% | 7.30% |
| 2023 | $6.61M | $5.95M | $656.00K | $-6.48M | $13.62M | 0.06 | 5.16% | 0.00 | 0.00% | 5.46% |
| 2022 | $7.12M | $13.21M | $518.00K | $-19.51M | $16.63M | 0.04 | 3.87% | 0.00 | 3.79% | 4.08% |
| 2021 | $- | $- | $- | $-12.34M | $9.00M | 0.00 | 0.00% | -919.03 | 0.00% | 0.00% |
| 2020 | $3.47M | $1.81M | $1.67M | $-29.30M | $12.92M | 0.01 | 1.13% | -225.27 | 0.61% | 1.17% |
| 2019 | $5.13M | $3.33M | $1.80M | $-28.96M | $34.68M | 0.02 | 1.44% | -179.34 | 1.03% | 1.57% |
| 2018 | $587.00K | $73.00K | $514.00K | $-134.59M | $194.57M | -0.01 | 0.40% | 0.00 | -0.16% | -1.27% |
| 2017 | $964.00K | $460.00K | $504.00K | $-7.46M | $43.88M | -0.04 | 4.95% | 0.00 | -1.92% | -4.11% |
Related Metrics
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