Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Fate Therapeutics's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.04.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Fate Therapeutics could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Fate Therapeutics's Cash-to-Debt or its related term are showing as below:
FATE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 2.5 Med: 5.16 Max: 13.51
Current: 3.04
During the past 13 years, Fate Therapeutics's highest Cash to Debt Ratio was 13.51. The lowest was 2.50. And the median was 5.16.
Fate Therapeutics Cash-to-Debt Historical Data
The historical data trend for Fate Therapeutics's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
Fate Therapeutics Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
8.22 |
4.96 |
5.36 |
3.99 |
3.04 |
|
Fate Therapeutics Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.99 |
3.80 |
3.55 |
3.33 |
3.04 |
Competitive Comparison
For the Biotechnology subindustry, Fate Therapeutics's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fate Therapeutics Cash-to-Debt Distribution
For the Biotechnology industry and Healthcare sector, Fate Therapeutics's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Fate Therapeutics's Cash-to-Debt falls into.
Fate Therapeutics Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Fate Therapeutics's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Fate Therapeutics's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fate Therapeutics (Fate Therapeutics) Business Description
Traded in Other Exchanges
Address
12278 Scripps Summit Drive, San Diego, CA, USA, 92131
Fate Therapeutics Inc is a clinical-stage biopharmaceutical company based in the United States. It is engaged in the development of programmed cellular immunotherapies for cancer and immune disorders. The company's cell therapy pipeline is comprised of NK- and T-cell immuno-oncology programs, including off-the-shelf engineered product candidates derived from clonal master iPSC lines, and immuno-regulatory programs, including product candidates to prevent life-threatening complications in patients.
Executives
| J Scott Wolchko |
director, officer: President and CEO |
C/O FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT, SUITE 200, SAN DIEGO CA 92121 |
| Dulac Edward J Iii |
officer: Chief Financial Officer |
FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT STE 200, SAN DIEGO CA 92121 |
| Bahram Valamehr |
officer: Chief Development Officer |
C/O FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT, STE 200, SAN DIEGO CA 92121 |
| Cindy Tahl |
officer: See Remarks |
C/O FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT, STE 200, SAN DIEGO CA 92121 |
| Redmile Group, Llc |
director, 10 percent owner |
ONE LETTERMAN DRIVE, BUILDING D, SUITE D3-300, SAN FRANCISCO CA 94129 |
| Yuan Xu |
director |
C/O AKERO THERAPEUTICS, INC., 601 GATEWAY BOULEVARD, SUITE 350, SOUTH SAN FRANCISCO CA 94080 |
| Brian T. Powl |
officer: Chief Commercial Officer |
C/O FATE THERAPEUTICS, INC., 12278 SCRIPPS SUMMIT DRIVE, SAN DIEGO CA 92131 |
| Yu-waye Chu |
officer: See Remarks |
FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT STE 200, SAN DIEGO CA 92121 |
| John Mendlein |
director |
|
| Mark Plavsic |
officer: Chief Technical Officer |
C/O FATE THERAPEUTICS, INC., 3535 GENERAL ATOMICS COURT STE 200, SAN DIEGO CA 92121 |
| Shefali Agarwal |
director |
C/O EPIZYME, INC., 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139 |
| Karin Jooss |
director |
C/O GRITSTONE ONCOLOGY, INC., 5858 HORTON STREET, SUITE 210, EMERYVILLE CA 94608 |
| Timothy P Coughlin |
director |
339 NORTH GRANADOS AVE, SOLANA BEACH CA 92075 |
| Robert Hershberg |
director |
3005 FIRST AVENUE, SEATTLE WA 98121 |
| Robert S Epstein |
director |
|
Fate Therapeutics (Fate Therapeutics) Headlines
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