Trevena, Inc. (TRVN) Balance Sheet
TRVN balance sheet, 2023
December 31, 2023 · U.S. dollars$40.6M assets = $48.3M liabilities + −$7.7M equity
Liabilities exceed assets: shareholders’ equity is negative (−$7.7M).
Both columns are drawn to the same scale: what TRVN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRVN financial health
Descriptive bands, not a rating. Fiscal 2023.
TRVN balance sheet trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $108.3M2014 | $40.6M2023 | −10.3%/yr | |
| Total liabilities | $9.1M2014 | $48.3M2023 | +20.3%/yr | |
| Shareholders’ equity | $99.2M2014 | −$7.7M2023 | — | |
| Cash & short-term investments | $106.9M2014 | $33.0M2023 | −12.3%/yr | |
| Total debt | $3.5M2014 | $36.2M2023 | +29.6%/yr | |
| Net cash (debt) | $103.4M2014 | −$3.3M2023 | −$106.7M | |
| Working capital | $100.6M2014 | $27.7M2023 | −$73.0M | |
| Book value per share | $100.592014 | $8.202019 | −39.4%/yr | |
| Current ratio | 15.462014 | 4.662023 | −10.80 | |
| Debt / equity | 0.042014 | 1.272022 | +1.23 | |
| Shares outstanding | 986K2014 | 3.7M2019 | +30.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRVN assets
TRVN liabilities and equity
TRVN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRVN balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $33.0M | $38.3M | $66.9M | $109.4M | $35.8M | $61.5M | $66.1M | $110.6M | $172.6M | $106.9M |
| Cash & equivalents | $33.0M | $38.3M | $66.9M | $109.4M | $32.3M | $32.9M | $16.6M | $24.3M | $46.8M | $36.2M |
| Short-term investments | — | — | — | — | $3.5M | $28.6M | $49.5M | $86.3M | $125.9M | $70.7M |
| Receivables | $0 | $0 | $1 | $71,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $906,000 | $2.4M | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.2M | $1.8M | $1.4M | $9.6M | $1.7M | $607,000 | $1.4M | $1.8M | $1.9M | $669,155 |
| Total current assets | $35.2M | $41.0M | $70.7M | $119.0M | $37.5M | $62.1M | $67.5M | $112.4M | $174.5M | $107.6M |
| Property, plant & equipment (net) | $4.9M | $5.7M | $6.5M | $7.4M | $8.2M | $3.4M | $3.8M | $1.1M | $696,280 | $553,294 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $11,000 | $13,000 | $14,844 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $540,000 | $2.0M | $2.9M | $1.3M | $1.3M | $1.3M | $1.4M | $1.2M | $112,620 | $210,811 |
| Total assets | $40.6M | $48.7M | $80.1M | $127.7M | $47.0M | $66.8M | $72.7M | $114.7M | $175.4M | $108.3M |
| Liabilities | ||||||||||
| Accounts payable | $2.3M | $2.4M | $4.5M | $1.7M | $1.0M | $1.4M | $1.4M | $8.7M | $6.7M | $4.3M |
| Short-term debt | $1.0M | $899,000 | $792,000 | $703,000 | $5.7M | $12.6M | $12.4M | $5.0M | $18.2M | $1.7M |
| Deferred revenue | −$1.0M | — | — | $5.2M | — | — | — | — | $3.8M | — |
| Total current liabilities | $7.6M | $8.7M | $9.2M | $16.6M | $9.1M | $17.5M | $18.2M | $22.0M | $13.6M | $7.0M |
| Long-term debt | $30.8M | $13.4M | $0 | $0 | $11,000 | $4.8M | $15.8M | $13.3M | $18.2M | $1.8M |
| Lease obligations | $5.4M | $6.3M | $7.1M | $7.8M | $8.4M | $20,000 | $31,000 | $18,000 | $7,942 | $10,677 |
| Other long-term liabilities | $9.9M | $10.9M | $6.3M | $7.1M | $7.8M | $2.9M | $4.1M | $737,000 | $455,355 | $372,761 |
| Total liabilities | $48.3M | $33.1M | $15.5M | $23.7M | $16.9M | $25.3M | $38.1M | $36.1M | $32.2M | $9.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $17,000 | $8,000 | $165,000 | $160,000 | $94,000 | $82,000 | $62,000 | $56,000 | $50,802 | $39,241 |
| Retained earnings (deficit) | −$588.1M | −$547.8M | −$494.1M | −$442.5M | −$413.1M | −$388.3M | −$357.5M | −$285.6M | −$182.5M | −$132.0M |
| Treasury stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Accumulated other comprehensive income | $0 | $1,000 | $0 | — | $0 | −$9,000 | −$42,000 | $2,000 | −$205,856 | −$18,782 |
| Minority interest | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | −$7.7M | $15.6M | $64.6M | $104.1M | $30.1M | $41.5M | $34.6M | $78.6M | $143.1M | $99.2M |
| Key figures | ||||||||||
| Total debt | $36.2M | $19.8M | $7.1M | $7.8M | $13.5M | $17.4M | $28.2M | $18.3M | $36.4M | $3.5M |
| Net cash (debt) | −$3.3M | $18.6M | $59.8M | $101.6M | $22.3M | $44.1M | $37.9M | $92.3M | $136.3M | $103.4M |
| Working capital | $27.7M | $32.3M | $61.5M | $102.5M | $28.4M | $44.6M | $49.3M | $90.3M | $161.0M | $100.6M |
| Tangible book value | −$7.7M | $15.6M | $64.6M | $104.1M | $30.1M | $41.5M | $34.6M | $78.6M | $143.1M | $99.2M |
| Book value per share | — | — | — | — | $8.20 | $14.11 | $14.57 | $37.49 | $81.71 | $100.59 |
| Shares outstanding | — | — | — | — | 3.7M | 2.9M | 2.4M | 2.1M | 1.8M | 986K |
| Current ratio | 4.66 | 4.70 | 7.70 | 7.19 | 4.12 | 3.55 | 3.71 | 5.10 | 12.86 | 15.46 |
| Quick ratio | 4.37 | 4.39 | 7.29 | 6.61 | 3.93 | 3.52 | 3.63 | 5.02 | 12.72 | 15.36 |
| Debt / equity | — | 1.27 | 0.11 | 0.07 | 0.45 | 0.42 | 0.81 | 0.23 | 0.25 | 0.04 |
| Equity / assets | −18.9% | 32.0% | 80.7% | 81.5% | 64.0% | 62.2% | 47.6% | 68.5% | 81.6% | 91.6% |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $13.5M | $16.4M | $23.6M | $33.0M | $35.0M | $28.1M | $27.4M | $38.3M | $40.4M | $49.5M | $48.7M | $66.9M |
| Cash & equivalents | $13.5M | $16.4M | $23.6M | $33.0M | $35.0M | $28.1M | $27.4M | $38.3M | $22.4M | $19.6M | $48.7M | $66.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $18.0M | $29.9M | — | — |
| Receivables | $0 | $0 | $0 | $0 | $179,000 | $1 | $1 | $0 | $1 | −$3.3M | −$2.8M | $1 |
| Inventory | $0 | $0 | $0 | $0 | $900,000 | $901,000 | $906,000 | $906,000 | $785,000 | $3.0M | $2.7M | $2.4M |
| Other current assets | $1.3M | $1.7M | $2.4M | $2.2M | $3.4M | $4.0M | $2.4M | $1.8M | $1.4M | $6.5M | $5.7M | $1.4M |
| Total current assets | $14.7M | $18.0M | $26.0M | $35.2M | $39.5M | $33.0M | $30.8M | $41.0M | $42.5M | $55.8M | $54.2M | $70.7M |
| Property, plant & equipment (net) | $4.1M | $4.4M | $4.6M | $4.9M | $5.1M | $5.3M | $5.5M | $5.7M | $5.9M | $6.1M | $6.3M | $6.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $340,000 | $540,000 | $540,000 | $540,000 | $583,000 | $591,000 | $2.0M | $2.0M | $2.6M | $2.9M | $3.8M | $2.9M |
| Total assets | $19.2M | $22.9M | $31.1M | $40.6M | $45.1M | $38.9M | $38.3M | $48.7M | $51.0M | $64.8M | $64.4M | $80.1M |
| Liabilities | ||||||||||||
| Accounts payable | $918,000 | $1.1M | $2.3M | $2.3M | $1.5M | $2.5M | $1.7M | $2.4M | $1.4M | $2.7M | $2.4M | $4.5M |
| Short-term debt | $2.0M | $1.1M | $1.0M | — | $982,000 | $954,000 | $926,000 | $899,000 | $1.0M | $839,000 | $815,000 | $792,000 |
| Deferred revenue | — | — | $1 | — | — | — | — | — | — | −$839,000 | — | $3.8M |
| Total current liabilities | $6.1M | $5.2M | $7.2M | $7.6M | $6.2M | $8.2M | $8.0M | $8.7M | $9.3M | $9.5M | $8.9M | $9.2M |
| Long-term debt | $32.0M | $31.5M | $31.3M | $30.8M | $29.6M | $14.2M | $13.5M | $13.4M | $13.4M | $13.5M | $0 | $0 |
| Lease obligations | $4.7M | $4.9M | $5.2M | $5.4M | $5.7M | $5.9M | $6.1M | $6.3M | $6.5M | $6.7M | $6.9M | $7.1M |
| Other long-term liabilities | $4.4M | $5.2M | $7.3M | $9.9M | $5.8M | $6.7M | $6.6M | $10.9M | $6.5M | $5.9M | $6.1M | $6.3M |
| Total liabilities | $42.5M | $41.9M | $45.8M | $48.3M | $41.6M | $29.1M | $28.1M | $33.1M | $29.2M | $28.9M | $15.0M | $15.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $21,000 | $18,000 | — | $15,000 | $14,000 | $9,000 | $8,000 | $173,000 | $165,000 | $165,000 | $165,000 |
| Retained earnings (deficit) | −$605.6M | −$600.6M | −$595.7M | −$588.1M | −$571.5M | −$563.6M | −$555.6M | −$547.8M | −$540.8M | −$525.5M | −$510.5M | −$494.1M |
| Accumulated other comprehensive income | — | — | $0 | — | — | — | — | $1,000 | −$28,000 | −$60,000 | — | $0 |
| Total shareholders' equity | −$23.3M | −$19.0M | −$14.7M | −$7.7M | $3.5M | $9.8M | $10.2M | $15.6M | $21.9M | $35.9M | $49.4M | $64.6M |
| Key figures | ||||||||||||
| Total debt | $37.6M | $36.5M | $36.5M | $30.8M | $35.3M | $20.1M | $19.6M | $19.8M | $20.1M | $20.2M | $6.9M | $7.1M |
| Net cash (debt) | −$24.1M | −$20.1M | −$13.0M | $2.2M | −$361,000 | $8.0M | $7.8M | $18.6M | $20.3M | $29.3M | $41.8M | $59.8M |
| Working capital | $8.6M | $12.8M | $18.8M | $27.7M | $33.3M | $24.8M | $22.7M | $32.3M | $33.3M | $46.3M | $45.3M | $61.5M |
| Tangible book value | −$23.3M | −$19.0M | −$14.7M | −$7.7M | $3.5M | $9.8M | $10.2M | $15.6M | $21.9M | $35.9M | $49.4M | $64.6M |
| Book value per share | −$27.33 | −$22.23 | — | −$11.07 | — | — | — | — | — | — | — | — |
| Shares outstanding | 853K | 853K | — | 692K | — | — | — | — | — | — | — | — |
| Current ratio | 2.42 | 3.46 | 3.60 | 4.66 | 6.41 | 4.03 | 3.84 | 4.70 | 4.60 | 5.87 | 6.08 | 7.70 |
| Quick ratio | 2.21 | 3.14 | 3.27 | 4.37 | 5.71 | 3.44 | 3.42 | 4.39 | 4.36 | 4.86 | 5.13 | 7.29 |
| Debt / equity | — | — | — | — | 9.95 | 2.05 | 1.93 | 1.27 | 0.92 | 0.56 | 0.14 | 0.11 |
| Equity / assets | −121.5% | −82.6% | −47.1% | −18.9% | 7.9% | 25.2% | 26.5% | 32.0% | 42.9% | 55.5% | 76.7% | 80.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 1, 2024); data from EODHD.
TRVN financial position
At the end of fiscal 2023 (December 31, 2023), Trevena had total assets of $40.6 million (down 16.6% from a year earlier), total liabilities of $48.3 million and shareholders' equity of -$7.7 million. It held $33.0 million in cash and short-term investments against $36.2 million of debt, net debt of $3.3 million. Its current ratio was 4.66. In the latest quarter (ended September 30, 2024) total assets were $19.2 million and equity -$23.3 million.
Related: TRVN income statement, TRVN cash flow statement, TRVN key metrics. See the TRVN stock overview for the latest quote and news.
TRVN balance sheet FAQ
What are Trevena's total assets?
Trevena reported total assets of $40.6 million at the end of fiscal 2023 (December 31, 2023), compared with $48.7 million a year earlier.
How much debt does Trevena have?
Trevena had $36.2 million of total debt at the end of fiscal 2023, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Trevena have?
Trevena held $33.0 million in cash and short-term investments at the end of fiscal 2023; with $36.2 million of debt that is net debt of $3.3 million.
What is Trevena's book value?
Trevena's shareholders' equity (book value) was -$7.7 million at the end of fiscal 2023.
What is Trevena's current ratio?
Trevena had current assets of $35.2 million and current liabilities of $7.6 million, a current ratio of 4.66 (it can cover its short-term obligations).