Here's Why We're Watching resTORbio's (NASDAQ:TORC) Cash Burn Situation [Yahoo! Finance News]
RESTORBIO (TORC)
Last restorbio earnings: 3/12 07:30 am
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Source: Yahoo! Finance News
Here's Why We're Watching resTORbio's (NASDAQ:TORC) Cash Burn Situation Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So should resTORbio NASDAQ:TORC View our latest analysis for resTORbio When Might resTORbio Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. When resTORbio last reported its balance sheet in September 2019, it had zero debt and cash worth US$117m. In the last year, its cash burn was US$56m. Therefore, from September 2019 it had 2.1 years of cash runway. Importantly, analysts think that resTORbio will reach cashflow breakeven in 4 years. Essentially, that means the company will either r
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