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Summit Therapeutics SMMT Florida — Right-of-use assets

Discontinued — last reported Q2 '24

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MAAFL — Area Of Land
$2

Other financials

Income statement

See full
Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.

The official record: Summit Therapeutics’s 10-Q, filed August 6, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's florida — right-of-use assets?
Summit Therapeutics (SMMT) reported florida — right-of-use assets of $3.94M in Q2 2024.
What does florida — right-of-use assets mean?
The total value of leased property and equipment assets held by the company in Florida.
How do you interpret florida — right-of-use assets?
An increase typically signals expansion of physical operations or new lease commitments, while a decrease suggests consolidation, lease expirations, or asset impairment.
How does florida — right-of-use assets compare across companies?
Comparable to 'Operating Lease Right-of-Use Assets' reported by other biopharmaceutical firms, though geographic specificity is unique to the company's internal reporting structure.