Pieris Pharmaceuticals (FRA:PI60) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Pieris Pharmaceuticals Cash-to-Debt?

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. Pieris Pharmaceuticals's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Pieris Pharmaceuticals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

FRA:PI60' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.55 Med: No Debt Max: No Debt
Current: 1.55

During the past 11 years, Pieris Pharmaceuticals's highest Cash to Debt Ratio was No Debt. The lowest was 1.55. And the median was No Debt.

FRA:PI60's Cash-to-Debt is ranked worse than
70.75% of 1528 companies
in the Biotechnology industry
Industry Median: 6.315 vs FRA:PI60: 1.55

Pieris Pharmaceuticals Cash-to-Debt Historical Data

The historical data trend for Pieris Pharmaceuticals'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.

* Premium members only.

Pieris Pharmaceuticals Cash-to-Debt Chart

Pieris Pharmaceuticals Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.42

4.15

7.91

4.52

No Debt

Pieris Pharmaceuticals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.70	4.28	3.65	No Debt	No Debt

Competitive Comparison of Pieris Pharmaceuticals's Cash-to-Debt

For the Biotechnology subindustry, Pieris Pharmaceuticals'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.

Pieris Pharmaceuticals's Cash-to-Debt Distribution in the Biotechnology Industry

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

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

Pieris Pharmaceuticals 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.

Pieris Pharmaceuticals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Pieris Pharmaceuticals had no debt ⁽¹⁾.

Pieris Pharmaceuticals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Pieris Pharmaceuticals had no debt ⁽¹⁾.

Pieris Pharmaceuticals (FRA:PI60) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Pieris Pharmaceuticals Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Pieris Pharmaceuticals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Pieris Pharmaceuticals (FRA:PI60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Pieris Pharmaceuticals Inc (FRA:PI60) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PIRS:USA PI6:Germany

Address

225 Franklin Street, 26th Floor, Boston, MA, USA, 02110

Website

https://www.pieris.com

Pieris Pharmaceuticals Inc is a clinical-stage biopharmaceutical company, which engages in the discovery and development of the Anticalin class of biotherapeutics. Anticalin proteins are engineered versions of lipocalins, human proteins that naturally bind, store and transport a wide spectrum of molecules. The company with the help of technology creates differentiated drugs such as PRS-080, PRS-060, and PRS-332 that can help patients suffering from cancer, severe asthma, anemia, and other medical conditions with a high unmet medical need. Geographically, all the operation of the firm functions through the region of the United States.

Pieris Pharmaceuticals (FRA:PI60) Headlines

No Headlines

Pieris Pharmaceuticals (FRA:PI60) Cash-to-Debt : No Debt (1) (As of Mar. 2024)