How much debt does T2 Biosystems have?

According to T2 Biosystems's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

T2 Biosystems's total debt stands at $49.50M. This is broken down into:

• Long-term debt: $6.60M
• Short-term debt: $42.90M

The company's net debt, which accounts for cash and cash equivalents, is $33.81M. In terms of overall financial obligations, T2 Biosystems's total liabilities amount to $62.83M.

Debt Ratios and Metrics

To better understand T2 Biosystems's debt position, we can look at several key ratios:

• Debt to Equity Ratio: -1.77 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 142.25% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -8.83 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: -30.78% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 230.63% - this indicates the total debt in the company's capital structure.

These metrics provide insight into T2 Biosystems'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.