How much debt does TCR2 Therapeutics have?

According to TCR2 Therapeutics's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

TCR2 Therapeutics's total debt stands at $53.76M. This is broken down into:

• Long-term debt: $3.32M
• Short-term debt: $50.45M

The company's net debt, which accounts for cash and cash equivalents, is $21.02M. In terms of overall financial obligations, TCR2 Therapeutics's total liabilities amount to $67.38M.

Debt Ratios and Metrics

To better understand TCR2 Therapeutics's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.38 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 25.82% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -2.61 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 2.30% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 27.62% - this indicates the total debt in the company's capital structure.

These metrics provide insight into TCR2 Therapeutics'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.