Erasca, Inc.

Erasca, Inc.verified

ERAS

Price:

$2.86

Market Cap:

$807.96M

Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.[Read more]

Industry

Biotechnology

IPO Date

2021-07-16

Stock Exchange

NASDAQ

Ticker

ERAS

The Current Ratio as of September 2024 (TTM) for Erasca, Inc. (ERAS) is 16.79

According to Erasca, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 16.79. This represents a change of 32.65% compared to the average of 12.66 of the last 4 quarters.

Erasca, Inc. (ERAS) Historical Current Ratio (quarterly & annually)

How has ERAS Current Ratio performed in the past?

The mean historical Current Ratio of Erasca, Inc. over the last ten years is 12.93. The current 16.79 Current Ratio has changed 12.88% with respect to the historical average. Over the past ten years (40 quarters), ERAS's Current Ratio was at its highest in in the September 2021 quarter at 25.13. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

12.93

Median

12.26

Minimum

8.77

Maximum

18.59

Erasca, Inc. (ERAS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Erasca, 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 = 81.52%

Maximum Annual Current Ratio = 18.59

Minimum Annual Increase = -52.82%

Minimum Annual Current Ratio = 8.77

Quarterly (TTM)
Annual
YearCurrent RatioChange
202312.2634.30%
20229.13-42.66%
202115.9281.52%
20208.77-52.82%

Erasca, Inc. (ERAS) Average Current Ratio

How has ERAS Current Ratio performed in the past?

The current Current Ratio of Erasca, Inc. (ERAS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

12.44

5-year avg

12.93

10-year avg

12.93

Erasca, Inc. (ERAS) Current Ratio vs. Peers

How is ERAS’s Current Ratio compared to its peers?

Erasca, Inc.’s Current Ratio is greater than Century Therapeutics, Inc. (10.62), greater than NGM Biopharmaceuticals, Inc. (7.79), less than Keros Therapeutics, Inc. (20.37), greater than Monte Rosa Therapeutics, Inc. (6.56), greater than Gracell Biotechnologies Inc. (7.73), less than Theseus Pharmaceuticals, Inc. (29.93), less than Design Therapeutics, Inc. (41.42), less than Edgewise Therapeutics, Inc. (30.24), greater than C4 Therapeutics, Inc. (5.09), greater than Mineralys Therapeutics, Inc. (11.20), less than Cullinan Oncology, Inc. (28.87), greater than Sana Biotechnology, Inc. (5.20), greater than Olema Pharmaceuticals, Inc. (9.13), greater than aTyr Pharma, Inc. (6.07), greater than Zentalis Pharmaceuticals, Inc. (6.59), greater than Relay Therapeutics, Inc. (15.64), greater than Stoke Therapeutics, Inc. (6.67), greater than Pliant Therapeutics, Inc. (14.47), greater than Black Diamond Therapeutics, Inc. (6.87), greater than Arvinas, Inc. (3.62),

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