Passage Bio Inc (PASG) - Net Assets
Based on the latest financial reports, Passage Bio Inc (PASG) has net assets worth $31.12 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($74.16 Million) and total liabilities ($43.04 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Passage Bio Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $31.12 Million |
| % of Total Assets | 41.96% |
| Annual Growth Rate | N/A |
| 5-Year Change | -79.9% |
| 10-Year Change | N/A |
| Growth Volatility | 45.92 |
Passage Bio Inc - Net Assets Trend (2018–2024)
This chart illustrates how Passage Bio Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Passage Bio Inc for the complete picture of this company's asset base.
Annual Net Assets for Passage Bio Inc (2018–2024)
The table below shows the annual net assets of Passage Bio Inc from 2018 to 2024. For live valuation and market cap data, see Passage Bio Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $61.26 Million | -44.95% |
| 2023-12-31 | $111.28 Million | -44.74% |
| 2022-12-31 | $201.37 Million | -36.81% |
| 2021-12-31 | $318.66 Million | +4.58% |
| 2020-12-31 | $304.71 Million | +74.77% |
| 2019-12-31 | $174.35 Million | +1532.28% |
| 2018-12-31 | $-12.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Passage Bio Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 64620600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.00K | 0.01% |
| Other Comprehensive Income | $8.00K | 0.01% |
| Other Components | $720.48 Million | 1176.09% |
| Total Equity | $61.26 Million | 100.00% |
Passage Bio Inc Competitors by Market Cap
The table below lists competitors of Passage Bio Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rougier S.A.
PA:ALRGR
|
$15.81 Million |
|
Hanchang
KO:005110
|
$15.81 Million |
|
Gold Mountain Ltd
AU:GMN
|
$15.81 Million |
|
Ateliers Mecaniques D’Indonesie Tbk PT
JK:AMIN
|
$15.82 Million |
|
Aerometrex Ltd
AU:AMX
|
$15.79 Million |
|
Crown Lifters Limited
NSE:CROWN
|
$15.79 Million |
|
Bertam Alliance Bhd
KLSE:9814
|
$15.79 Million |
|
SMX (Security Matters) Public Limited Company Class A Ordinary Shares
NASDAQ:SMX
|
$15.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Passage Bio Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 111,283,000 to 61,261,000, a change of -50,022,000 (-45.0%).
- Net loss of 64,767,000 reduced equity.
- Share repurchases of 97,000 reduced equity.
- New share issuances of 8,742,000 increased equity.
- Other comprehensive income increased equity by 51,000.
- Other factors increased equity by 6,049,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-64.77 Million | -105.72% |
| Share Repurchases | $97.00K | -0.16% |
| Share Issuances | $8.74 Million | +14.27% |
| Other Comprehensive Income | $51.00K | +0.08% |
| Other Changes | $6.05 Million | +9.87% |
| Total Change | $- | -44.95% |
Book Value vs Market Value Analysis
This analysis compares Passage Bio Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.25x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-10.16 | $4.97 | x |
| 2019-12-31 | $145.52 | $4.97 | x |
| 2020-12-31 | $133.60 | $4.97 | x |
| 2021-12-31 | $119.47 | $4.97 | x |
| 2022-12-31 | $73.99 | $4.97 | x |
| 2023-12-31 | $40.66 | $4.97 | x |
| 2024-12-31 | $20.28 | $4.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Passage Bio Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -105.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.67x
- Recent ROE (-105.72%) is below the historical average (-55.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.55 Million |
| 2019 | -26.17% | 0.00% | 0.00x | 1.02x | $-63.07 Million |
| 2020 | -36.83% | 0.00% | 0.00x | 1.08x | $-142.70 Million |
| 2021 | -58.18% | 0.00% | 0.00x | 1.11x | $-217.25 Million |
| 2022 | -67.60% | 0.00% | 0.00x | 1.21x | $-156.26 Million |
| 2023 | -91.71% | 0.00% | 0.00x | 1.35x | $-113.19 Million |
| 2024 | -105.72% | 0.00% | 0.00x | 1.67x | $-70.89 Million |
Industry Comparison
This section compares Passage Bio Inc's net assets metrics with peer companies in the Biotechnology industry.
Industry Context
- Industry: Biotechnology
- Average net assets among peers: $44,828,400
- Average return on equity (ROE) among peers: -124.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Passage Bio Inc (PASG) | $31.12 Million | 0.00% | 1.38x | $15.80 Million |
| Aardvark Therapeutics, Inc. Common Stock (AARD) | $-54.64 Million | 0.00% | 0.00x | $118.88 Million |
| Abcellera Biologics Inc (ABCL) | $10.25 Million | -21.57% | 1.29x | $1.07 Billion |
| Abeona Therapeutics Inc (ABEO) | $3.60 Million | -91.89% | 0.28x | $292.09 Million |
| Acumen Pharmaceuticals Inc (ABOS) | $266.97 Million | -19.62% | 0.16x | $171.87 Million |
| Abpro Holdings, Inc. (ABP) | $3.07 Million | -479.81% | 1.57x | $448.19K |
| Absci Corp (ABSI) | $67.00 Million | -21.42% | 0.32x | $345.85 Million |
| Arbutus Biopharma Corp (ABUS) | $88.00 Million | -44.09% | 0.34x | $840.56 Million |
| ABVC Biopharma Inc (ABVC) | $80.00K | -31.70% | 0.38x | $26.41 Million |
| Abivax SA American Depositary Shares (ABVX) | $40.58 Million | -434.26% | 4.06x | $9.33 Billion |
| ACADIA Pharmaceuticals Inc (ACAD) | $23.36 Million | -97.44% | 0.37x | $3.74 Billion |
About Passage Bio Inc
Passage Bio, Inc., a genetic medicines company, develops gene therapies for central nervous system diseases. It develops PBGM01, a functional GLB1 gene encoding ß-galactosidase for infantile GM1; PBFT02, a functional granulin (GRN) and gene encoding progranulin (PGRN) for the treatment of FTD caused by progranulin deficiency; and PBKR03, a functional GALC gene encoding the hydrolytic enzyme galac… Read more