What does convertible debt (non-current) mean?

This represents the portion of long-term debt obligations that can be converted into equity shares at the holder's option, with a maturity date exceeding one year. It reflects the company's long-term financing strategy and potential future dilution for existing shareholders. Investors analyze this metric to evaluate the company's leverage profile and the potential impact of debt-to-equity conversion on capital structure.

Cogent Biosciences, Inc. COGT Convertible Debt (Non-Current)

Convertible Debt (Non-Current) at other companies

Mirum Pharmaceuticals, Inc.MIRM

$310.25M+0.6%

Cogent Biosciences, Inc.COGT

$223.17M—

DropboxDBX

$690.3M+0.2%

ZscalerZS

$1.7B—

Commvault SystemsCVLT

$880.86M—

Viavi Solutions Inc.VIAV

$836.3M+111%

Other financials

Income statement

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Operating income-$103.6M-38.3%

Net income-$97.4M-35.2%

EPS (diluted)-$0.53-1.9%

Balance sheet

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Cash & equivalents$241.2M+91.4%

Total debt$15.5M-9.4%

Total equity$607.7M+177%

Total assets$903.0M+218%

Cash flow

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Operating cash flow-$86.9M-30.6%

CapEx$449.0K-17.9%

Free cash flow-$87.3M-30.2%

Valuation

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Market cap$5.9B+816%

Enterprise value$5.68B+951%

P/S749.8×—

Profitability

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Operating margin-1,044.3%—

Net margin-950.4%—

FCF margin-184.7%—

Returns & leverage

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Return on equity-85.7%+1.7pp

Debt / equity0×-0.1×

Current ratio15.1×+10.0×

Where this comes from

Reported directly by Cogent Biosciences, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ConvertibleDebtNoncurrent.

The official record: Cogent Biosciences, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cogent Biosciences, Inc.'s convertible debt (non-current)?: Cogent Biosciences, Inc. (COGT) reported convertible debt (non-current) of $223.17M in Q1 2026.
What does convertible debt (non-current) mean?: This represents the portion of long-term debt obligations that can be converted into equity shares at the holder's option, with a maturity date exceeding one year. It reflects the company's long-term financing strategy and potential future dilution for existing shareholders. Investors analyze this metric to evaluate the company's leverage profile and the potential impact of debt-to-equity conversion on capital structure.