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Molecular Templates Balance Sheet 2023-2001 | MTEM
Brief overview of Molecular Templates's balance sheet structure
The review uses the five latest available annual reports between 2019 and 2023.
Assets finished at $35.4 million versus $174.2 million initially, losing -79.7%. The balance sheet contracted.
Liabilities grew faster than assets: -56.2% versus -79.7%. A substantial part of expansion was externally funded.
The equity ratio is 11.9%, compared with 59.1% before. Low autonomy increases reliance on liabilities.
Net debt is $707 thousand, or 0.17x of equity. This is a conservative debt position.
Cash accounts for 32.6% of assets versus 49.1% initially. The change indicates the degree of financial flexibility.
Retained earnings are negative at -$452.9 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Overall assessment
Molecular Templates's balance sheet profile remains vulnerable. Lower liabilities and capital accumulation are the main routes to improvement.
Annual Balance Sheet Molecular Templates
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
707 K | 6.16 M | 13.1 M | -8.08 M | -80.8 M | -84.5 M | -55.4 M | 3.85 M | -9.59 M | -8.39 M | -7.28 M | -11 M | -5.88 M | - | - | - | - | - | - | - | - | - | - |
Long Term Debt |
9.74 M | 36.2 M | 35.5 M | 14.9 M | 2.94 M | 3.25 M | 1.08 M | 3.16 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
2.49 M | 2.18 M | 2.61 M | 2.21 M | 1.68 M | - | 2.4 M | 2.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | 14.9 M | 35.4 M | 6.74 M | 2.66 M | 1.78 M | 2 M | 66.4 M | 101 M | 85.9 M | 9.36 M | - | - | - | - | - | - | - | - | - | - |
Total Current Liabilities |
17.3 M | 57.1 M | 46.7 M | 37.6 M | 35.8 M | 32.5 M | 10.4 M | 13.8 M | 10.8 M | 26 M | 27 M | 17.5 M | 8.59 M | 3.51 M | - | - | - | - | - | - | - | - | - |
Total Liabilities |
31.2 M | 113 M | 127 M | 80.5 M | 71.2 M | 39.3 M | 13.1 M | 17 M | 12.8 M | 92.4 M | 128 M | 103 M | 18 M | 11.3 M | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
9.03 M | 45.6 M | 32.9 M | 14 M | 8.51 M | 26.2 M | 2.76 M | 1.87 M | - | 14.7 M | 14.7 M | 8.54 M | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-453 M | -445 M | -352 M | -269 M | -164 M | -94.7 M | -64.5 M | -40.4 M | -329 M | -373 M | -352 M | -323 M | -252 M | -226 M | - | - | - | - | - | - | - | - | - |
Total Assets |
35.4 M | 97.5 M | 192 M | 140 M | 174 M | 140 M | 90.4 M | 3.1 M | 53.7 M | 68.4 M | 104 M | 89.5 M | 22.4 M | 16.2 M | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
11.5 M | 32.2 M | 25 M | 25.2 M | 85.5 M | 87.7 M | 58.9 M | 1.72 M | 4.24 M | 8.39 M | 7.28 M | 11 M | 5.88 M | 8.69 M | 8.93 M | 15.5 M | - | - | - | - | - | - | - |
Book Value |
4.21 M | -15.1 M | 65.7 M | 59.3 M | 103 M | 101 M | 77.3 M | -13.9 M | 40.8 M | -24 M | -23.5 M | -13.9 M | 4.48 M | 4.94 M | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
4.21 M | -15.1 M | 65.7 M | 59.3 M | 103 M | 101 M | 77.3 M | -39.8 M | -27.3 M | -24 M | -23.5 M | -13.9 M | 4.48 M | 4.94 M | 22.7 M | 21.4 M | 19.6 M | 44.2 M | 89.4 M | -26.5 M | -9.7 M | -2.67 M | -234 K |
All numbers in USD currency
Quarterly Balance Sheet Molecular Templates
| 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
8.39 M | 9.08 M | 9.74 M | 36.2 M | 36.2 M | 36.4 M | 36.2 M | 35.9 M | 35.7 M | 35.7 M | 35.5 M | 35.3 M | 35 M | 15 M | 14.9 M | 14.8 M | 14.7 M | 2.89 M | 2.94 M | 3 M | 3.08 M | 3.16 M | 3.25 M | 3.16 M | 3.06 M | 3 M | 1.08 M | 1.73 M | 1.08 M | 1.08 M | 3.16 M | 3.16 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
19.6 M | 21.2 M | 31.2 M | 37.3 M | 44.2 M | 80.4 M | 113 M | 114 M | 115 M | 116 M | 127 M | 146 M | 147 M | 143 M | 80.5 M | 84.9 M | 86.6 M | 77 M | 71.2 M | 40.1 M | 41.9 M | 44.5 M | 39.3 M | 45.8 M | 17.2 M | 16.3 M | 13.1 M | 14.6 M | 3.97 M | 4.63 M | 17 M | 6.77 M | 8.37 M | 7.18 M | 12.8 M | 94.9 M | 100 M | 108 M | 92.4 M | 97.7 M | 112 M | 124 M | 128 M | 119 M | 130 M | 136 M | 103 M | 130 M | 138 M | 167 M | 18 M | 17.4 M | 20.3 M | 18 M |
Deferred Revenue |
9.03 M | 9.03 M | 9.03 M | 13.2 M | 16.4 M | 19.4 M | 45.6 M | 38.3 M | 33 M | 34.6 M | 32.9 M | 32.2 M | 30.8 M | 49.5 M | 14 M | 12.5 M | 13.3 M | 11.5 M | 8.51 M | 12 M | 14.6 M | 19.3 M | 26.2 M | 33.4 M | 5.66 M | 6.35 M | 2.76 M | 3.58 M | 2.76 M | 2.76 M | 1.87 M | 1.87 M | - | - | - | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 12.7 M | 12.7 M | 12.7 M | 8.54 M | 7.19 M | 7.19 M | 7.19 M | - | - | - | - |
Retained Earnings |
-460 M | -452 M | -453 M | -449 M | -445 M | -434 M | -445 M | -423 M | -398 M | -374 M | -352 M | -342 M | -311 M | -296 M | -269 M | -241 M | -217 M | -186 M | -164 M | -148 M | -110 M | -101 M | -94.7 M | -88.1 M | -82.8 M | -73.1 M | -64.5 M | -57.6 M | -357 M | -359 M | -40.4 M | -350 M | -344 M | -337 M | -329 M | -399 M | -393 M | -384 M | -373 M | -367 M | -360 M | -359 M | -352 M | -344 M | -345 M | -332 M | -323 M | -352 M | -351 M | -368 M | -252 M | -247 M | -243 M | -252 M |
Total Assets |
26.7 M | 27.1 M | 35.4 M | 44.1 M | 35.5 M | 78.5 M | 97.5 M | 119 M | 141 M | 163 M | 192 M | 218 M | 245 M | 252 M | 140 M | 169 M | 142 M | 161 M | 174 M | 93.2 M | 131 M | 141 M | 140 M | 152 M | 79.4 M | 87.2 M | 90.4 M | 103 M | 20.9 M | 20 M | 3.1 M | 29.7 M | 36.2 M | 41 M | 53.7 M | 64 M | 73.9 M | 88 M | 68.4 M | 76.7 M | 84.2 M | 94.7 M | 104 M | 101 M | 105 M | 114 M | 89.5 M | 86.2 M | 86.3 M | 89.7 M | 22.4 M | 26.9 M | 33 M | 22.4 M |
Cash and Cash Equivalents |
9.66 M | 6.78 M | 11.5 M | 15.8 M | 4.95 M | 38.8 M | 32.2 M | 22.3 M | 26.9 M | 19.6 M | 25 M | 27.6 M | 43.1 M | 98.8 M | 25.2 M | 33.4 M | 27.6 M | 34.4 M | 85.5 M | 15.3 M | 16.8 M | 37.9 M | 87.7 M | 78.7 M | 41.6 M | 49.3 M | 58.9 M | 68.2 M | 16.5 M | 11.4 M | 1.72 M | 15.2 M | 12.4 M | 11.2 M | 4.24 M | 13.7 M | 10.6 M | 21.1 M | 8.39 M | 11.2 M | 6.46 M | 6.74 M | 7.28 M | 4 M | 4.41 M | 20.4 M | 11 M | 8.63 M | 8.31 M | 25.9 M | 5.88 M | 6.08 M | 10.6 M | 5.88 M |
Book Value |
7.11 M | 5.87 M | 4.21 M | 6.8 M | -8.68 M | -1.91 M | -15.1 M | 4.15 M | 26 M | 47.5 M | 65.7 M | 72.1 M | 97.4 M | 108 M | 59.3 M | 84.4 M | 55.9 M | 83.8 M | 103 M | 53 M | 89.3 M | 96.1 M | 101 M | 106 M | 62.2 M | 70.9 M | 77.3 M | 87.9 M | 16.9 M | 15.3 M | -13.9 M | 22.9 M | 27.8 M | 33.9 M | 40.8 M | -30.9 M | -26.3 M | -19.9 M | -24 M | -21 M | -28.3 M | -29 M | -23.5 M | -17.5 M | -25.2 M | -21.8 M | -13.9 M | -44.1 M | -51.4 M | -77.4 M | 4.48 M | 9.45 M | 12.7 M | 4.48 M |
Total Shareholders Equity |
7.11 M | 5.87 M | 4.21 M | 6.8 M | -8.68 M | -1.91 M | -15.1 M | 4.15 M | 26 M | 47.5 M | 65.7 M | 72.1 M | 97.4 M | 108 M | 59.3 M | 84.4 M | 55.9 M | 83.8 M | 103 M | 53 M | 89.3 M | 96.1 M | 101 M | 106 M | 62.2 M | 70.9 M | 77.3 M | 87.9 M | 16.9 M | 15.3 M | -39.8 M | 22.9 M | 27.8 M | 33.9 M | -27.3 M | -30.9 M | -26.3 M | -19.9 M | -24 M | -21 M | -28.3 M | -29 M | -23.5 M | -17.5 M | -25.2 M | -21.8 M | -13.9 M | -44.1 M | -51.4 M | -77.4 M | 4.48 M | 9.45 M | 12.7 M | 4.48 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Molecular Templates, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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