First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (TRAXV) — Cash Flow-to-Debt Ratio

Latest as of March 2026: -0.98x

First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (TRAXV) has a Cash Flow-to-Debt Ratio of -0.98x as of March 2026, meaning its operating cash flow of $-32.56 Million could theoretically repay -1% of its total liabilities ($33.11 Million) in one year. Explore investment intensity of First Tracks Biotherapeutics, Inc. Ordin to see how much of total assets are deployed in long-term investments.

CF-to-Debt Ratio

-0.98x
Operating CF / Total Liabilities

Operating Cash Flow

$-32.56 Million
USD

Total Liabilities

$33.11 Million
USD

Data as of

Mar 2026
Most recent filing

First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued Cash Flow-to-Debt Ratio (2023–2024)

Historical debt coverage capacity for First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued across 2 annual periods. Also explore TRAXV asset base for the complete picture of this company's asset base.

Annual Cash Flow-to-Debt Ratio for First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (2023–2024)

Year-by-year debt coverage analysis for First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued. For market capitalisation and broader financial context, see TRAXV market cap overview.

Year CF-to-Debt Ratio Operating CF (USD) Total Liabilities YoY Change
2024 -2.50x $-125.81 Million $50.30 Million ▲ +7.9%
2023 -2.71x $-93.00 Million $34.26 Million
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.