What does conversion of convertible note payable mean?

A non-cash financing activity where outstanding debt obligations are settled through the issuance of equity rather than cash. This conversion reduces future interest burdens and improves the company's balance sheet leverage profile.

OnKure Therapeutics, Inc. OKUR Conversion Of Convertible Note Payable

Conversion Of Convertible Note Payable at other companies

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$71.68M—

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$5.06M—

Other financials

Income statement

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Revenue-—

Operating income-$15.6M+8.1%

Net income-$15.2M+4.8%

EPS (diluted)-$1.11+6.7%

Balance sheet

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Cash & equivalents$192.1M+98.7%

Total debt$409.0K-57.2%

Total equity$184.4M+103%

Total assets$198.7M+98.9%

Cash flow

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Operating cash flow-$12.9M+7.6%

CapEx$5.0K-72.2%

Free cash flow-$12.9M+7.7%

Valuation

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Market cap$184.2M+72.6%

Enterprise value-$7.49M-127%

Returns & leverage

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Return on equity-42.7%—

Debt / equity0×0.0×

Current ratio13.8×+2.6×

Where this comes from

Reported directly by OnKure Therapeutics, Inc. in its filing.

Tagged under the XBRL concept okur:ConversionOfConvertibleNotePayable.

The official record: OnKure Therapeutics, Inc.’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OnKure Therapeutics, Inc.'s conversion of convertible note payable?: OnKure Therapeutics, Inc. (OKUR) reported conversion of convertible note payable of $1.53M in Q4 2024.
What does conversion of convertible note payable mean?: A non-cash financing activity where outstanding debt obligations are settled through the issuance of equity rather than cash. This conversion reduces future interest burdens and improves the company's balance sheet leverage profile.