Passage Bio Financials

PASG Stock  USD 0.62  0.11  21.57%   
Based on the analysis of Passage Bio's profitability, liquidity, and operating efficiency, Passage Bio is not in a good financial situation at this time. It has a very high odds of going through financial crisis in December. At this time, Passage Bio's Total Current Liabilities is most likely to increase significantly in the upcoming years. The Passage Bio's current Total Stockholder Equity is estimated to increase to about 201.3 M, while Property Plant And Equipment Net is projected to decrease to roughly 18.7 M. Key indicators impacting Passage Bio's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.01860.0303
Way Down
Slightly volatile
Current Ratio6.867.2186
Notably Down
Slightly volatile
The essential information of the day-to-day investment outlook for Passage Bio includes many different criteria found on its balance sheet. An individual investor should monitor Passage Bio's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Passage Bio.

Net Income

(107.17 Million)

  
Understanding current and past Passage Bio Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Passage Bio's financial statements are interrelated, with each one affecting the others. For example, an increase in Passage Bio's assets may result in an increase in income on the income statement.

Passage Bio Stock Summary

Passage Bio competes with Black Diamond, Revolution Medicines, Stoke Therapeutics, and Cabaletta Bio. Passage Bio, Inc., a genetic medicines company, develops transformative therapies for central nervous system diseases. The company was incorporated in 2017 and is headquartered in Philadelphia, Pennsylvania. Passage Bio operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 133 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS7027121000
CUSIP702712100
LocationPennsylvania; U.S.A
Business AddressOne Commerce Square,
SectorBiotechnology
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.passagebio.com
Phone267 866 0311
CurrencyUSD - US Dollar

Passage Bio Key Financial Ratios

Passage Bio Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets178.6M328.0M355.1M243.5M150.5M236.4M
Other Current Liab3.1M15.9M20.1M7.7M8.3M10.1M
Net Tangible Assets(56.3M)304.7M318.7M201.4M231.6M166.4M
Net Debt(158.9M)(135.0M)(129.0M)(7.5M)4.6M4.8M
Retained Earnings(58.7M)(170.9M)(356.3M)(492.4M)(594.5M)(564.7M)
Accounts Payable629K5.3M9.4M4.1M1.3M1.2M
Cash158.9M135.0M129.0M34.6M21.7M20.6M
Other Assets11.8M2.8M0.04.3M1.00.95
Other Current Assets6.9M12.4M9.3M7.4M3.7M6.4M
Total Liab4.3M23.3M36.4M42.2M39.3M35.0M
Net Invested Capital174.4M304.7M318.7M201.4M111.3M201.3M
Total Current Assets165.8M317.2M325.1M197.0M118.0M212.0M
Net Working Capital162.1M296.0M295.6M178.7M101.6M195.6M

Passage Bio Key Income Statement Accounts

201920202021202220232024 (projected)
Net Interest Income696K670K343K2.3M2.6M2.7M
Interest Income696K670K343K2.3M2.6M2.7M
Interest Expense8.4M670K343K2.3M2.0M2.0M
Operating Income(37.2M)(112.9M)(185.7M)(138.4M)(108.4M)(113.8M)
Ebit(37.2M)(113.7M)(187.3M)(142.1M)(102.1M)(107.2M)
Research Development29.7M81.8M117.7M86.1M61.4M70.7M
Ebitda(26.9M)(112.9M)(185.7M)(138.4M)(98.3M)(103.3M)
Income Before Tax(45.6M)(112.2M)(185.4M)(136.1M)(102.1M)(107.2M)
Net Income(54.6M)(111.8M)(191.5M)(136.9M)(102.1M)(107.2M)
Income Tax Expense8.9M(470K)6.1M731K5.4M3.7M

Passage Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Passage Bio's current stock value. Our valuation model uses many indicators to compare Passage Bio value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Passage Bio competition to find correlations between indicators driving Passage Bio's intrinsic value. More Info.
Passage Bio is regarded fifth in return on equity category among its peers. It also is regarded fifth in return on asset category among its peers . At this time, Passage Bio's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Passage Bio by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Passage Bio Systematic Risk

Passage Bio's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Passage Bio volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Passage Bio correlated with the market. If Beta is less than 0 Passage Bio generally moves in the opposite direction as compared to the market. If Passage Bio Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Passage Bio is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Passage Bio is generally in the same direction as the market. If Beta > 1 Passage Bio moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Passage Bio Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Passage Bio's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Passage Bio growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.022

At this time, Passage Bio's Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

Passage Bio November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Passage Bio help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Passage Bio. We use our internally-developed statistical techniques to arrive at the intrinsic value of Passage Bio based on widely used predictive technical indicators. In general, we focus on analyzing Passage Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Passage Bio's daily price indicators and compare them against related drivers.

Complementary Tools for Passage Stock analysis

When running Passage Bio's price analysis, check to measure Passage Bio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Passage Bio is operating at the current time. Most of Passage Bio's value examination focuses on studying past and present price action to predict the probability of Passage Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Passage Bio's price. Additionally, you may evaluate how the addition of Passage Bio to your portfolios can decrease your overall portfolio volatility.
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