Mirum Pharmaceuticals (FRA:08D) Debt-to-Equity : 1.31 (As of Mar. 2024)

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What is Mirum Pharmaceuticals Debt-to-Equity?

Mirum Pharmaceuticals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.3 Mil. Mirum Pharmaceuticals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €282.6 Mil. Mirum Pharmaceuticals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €215.8 Mil. Mirum Pharmaceuticals's debt to equity for the quarter that ended in Mar. 2024 was 1.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mirum Pharmaceuticals's Debt-to-Equity or its related term are showing as below:

FRA:08D' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.08 Med: 0.02 Max: 3.92
Current: 1.31

During the past 6 years, the highest Debt-to-Equity Ratio of Mirum Pharmaceuticals was 3.92. The lowest was -0.08. And the median was 0.02.

FRA:08D's Debt-to-Equity is ranked worse than
90.28% of 1060 companies
in the Biotechnology industry
Industry Median: 0.14 vs FRA:08D: 1.31

Mirum Pharmaceuticals Debt-to-Equity Historical Data

The historical data trend for Mirum Pharmaceuticals's Debt-to-Equity 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.

* Premium members only.

Mirum Pharmaceuticals Debt-to-Equity Chart

Mirum Pharmaceuticals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

1.24

Mirum Pharmaceuticals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	3.92	1.15	1.24	1.31

Competitive Comparison of Mirum Pharmaceuticals's Debt-to-Equity

For the Biotechnology subindustry, Mirum Pharmaceuticals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Mirum Pharmaceuticals's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Mirum Pharmaceuticals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mirum Pharmaceuticals's Debt-to-Equity falls into.

Mirum Pharmaceuticals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirum Pharmaceuticals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.012	+	281.554)	/	228.03
	=	1.24

Mirum Pharmaceuticals's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.329	+	282.59)	/	215.835
	=	1.31

Mirum Pharmaceuticals (FRA:08D) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mirum Pharmaceuticals Debt-to-Equity Related Terms

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Mirum Pharmaceuticals (FRA:08D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Mirum Pharmaceuticals Inc (FRA:08D) » Definitions » Debt-to-Equity

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MIRM:USA MIRM:Mexico

Address

950 Tower Lane, Suite 1050, Foster City, CA, USA, 94404

Website

https://www.mirumpharma.com

Mirum Pharmaceuticals Inc is a biopharmaceutical company focused on the identification, acquisition, development, and commercialization of novel therapies for debilitating rare and orphan diseases. Its product, Livmarli, a novel, orally administered, minimally-absorbed ileal bile acid transporter "IBAT) inhibitor (IBATi), is approved for the treatment of cholestatic pruritus in patients with Alagille syndrome (ALGS). It is involved in the development of Maralixibat for the treatment of pediatric patients with progressive familial intrahepatic cholestasis, or PFIC, and Alagille syndrome, or ALGS. The company is also involved in the development of volixibat for the treatment of adult patients with cholestatic liver diseases.

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