THRD
Price:
$5.38
Market Cap:
$242.79M
Third Harmonic Bio, Inc. is a clinical-stage biotechnology firm dedicated to creating therapeutic solutions for a range of allergic and inflammatory conditions. Their primary investigational compound is THB001, an orally administered small-molecule inhibitor targeting KIT. This compound is being advanced to address chronic urticaria—a skin ailment characterized by painful, itchy red welts (hives) stemming from mast cell overactivity—and is also being explored for its potential in respiratory and digestive tract disorders. Previously known as Project IGE, Inc., the company adopted its current name, Third Harmonic Bio, Inc., in June of 2019. Established in 2019, its corporate headquarters are ...[Read more]
Industry
Biotechnology
IPO Date
2022-09-14
Stock Exchange
NASDAQ
Ticker
THRD
According to Third Harmonic Bio, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 54.10. This represents a change of 21.16% compared to the average of 44.65 of the last 4 quarters.
The mean historical Current Ratio of Third Harmonic Bio, Inc. over the last ten years is 33.90. The current 54.10 Current Ratio has changed 15.86% with respect to the historical average. Over the past ten years (40 quarters), THRD's Current Ratio was at its highest in in the June 2023 quarter at 66.39. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
33.90
Median
40.87
Minimum
3.81
Maximum
51.80
Discovering the peaks and valleys of Third Harmonic Bio, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 496.39%
Maximum Annual Current Ratio = 51.80
Minimum Annual Increase = -18.73%
Minimum Annual Current Ratio = 3.81
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 40.87 | -18.73% |
| 2023 | 50.29 | -2.93% |
| 2022 | 51.80 | 128.04% |
| 2021 | 22.72 | 496.39% |
The current Current Ratio of Third Harmonic Bio, Inc. (THRD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
47.65
5-year avg
33.90
10-year avg
33.90
Third Harmonic Bio, Inc.’s Current Ratio is greater than Inozyme Pharma, Inc. (2.19), greater than Acelyrin, Inc. (18.43), greater than Spectrum Pharmaceuticals, Inc. (2.37), greater than CARGO Therapeutics, Inc. Common Stock (12.37), greater than Alaunos Therapeutics, Inc. (1.63), greater than Celularity Inc. (0.15), greater than Catabasis Pharmaceuticals, Inc. (10.78), greater than Vaccitech plc (6.05), greater than Zevra Therapeutics, Inc. (4.89), greater than 2seventy bio, Inc. (4.80),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.19 | $258.25M | |
| 18.43 | $229.17M | |
| 2.37 | $210.38M | |
| 12.37 | $216.19M | |
| 1.63 | $5.25M | |
| 0.15 | $18.10M | |
| 10.78 | $234.86M | |
| 6.05 | $192.73M | |
| 4.89 | $762.58M | |
| 4.80 | $266.14M |
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