89bio, Inc.

89bio, Inc.verified

ETNB

Price:

$8.47

Market Cap:

$897.06M

89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis. The company also intends to develop pegozafermin for the treatment of severe hypertriglyceridemia. 89bio, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.[Read more]

Industry

Biotechnology

IPO Date

2019-11-11

Stock Exchange

NASDAQ

Ticker

ETNB

The Current Ratio as of September 2024 (TTM) for 89bio, Inc. (ETNB) is 13.92

According to 89bio, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 13.92. This represents a change of -17.16% compared to the average of 16.81 of the last 4 quarters.

89bio, Inc. (ETNB) Historical Current Ratio (quarterly & annually)

How has ETNB Current Ratio performed in the past?

The mean historical Current Ratio of 89bio, Inc. over the last ten years is 13.63. The current 13.92 Current Ratio has changed 10.11% with respect to the historical average. Over the past ten years (40 quarters), ETNB's Current Ratio was at its highest in in the December 2020 quarter at 25.91. The Current Ratio was at its lowest in in the September 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

13.63

Median

12.64

Minimum

2.60

Maximum

25.91

89bio, Inc. (ETNB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of 89bio, 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 = 553.76%

Maximum Annual Current Ratio = 25.91

Minimum Annual Increase = -68.00%

Minimum Annual Current Ratio = 2.60

Quarterly (TTM)
Annual
YearCurrent RatioChange
202320.04151.62%
20227.97-3.92%
20218.29-68.00%
202025.9152.45%
201917.00553.76%

89bio, Inc. (ETNB) Average Current Ratio

How has ETNB Current Ratio performed in the past?

The current Current Ratio of 89bio, Inc. (ETNB) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

12.10

5-year avg

15.84

10-year avg

13.63

89bio, Inc. (ETNB) Current Ratio vs. Peers

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

89bio, Inc.’s Current Ratio is greater than Madrigal Pharmaceuticals, Inc. (8.72), less than Pliant Therapeutics, Inc. (14.47), greater than Arcellx, Inc. (6.01), greater than Stoke Therapeutics, Inc. (6.67), greater than Day One Biopharmaceuticals, Inc. (4.09), greater than X4 Pharmaceuticals, Inc. (6.07), greater than Inozyme Pharma, Inc. (9.84), less than Acumen Pharmaceuticals, Inc. (17.37), greater than Mereo BioPharma Group plc (6.07), less than Viking Therapeutics, Inc. (37.69), greater than Intercept Pharmaceuticals, Inc. (4.22), less than Terns Pharmaceuticals, Inc. (21.02), less than Akero Therapeutics, Inc. (24.89), greater than Reata Pharmaceuticals, Inc. (3.21), greater than HOOKIPA Pharma Inc. (3.86), greater than TG Therapeutics, Inc. (3.58), greater than Hepion Pharmaceuticals, Inc. (5.62),

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