Liquidity & Capital Structure: Avenue Therapeutics (ATXI) holds $2.6M in cash as of Q3 2024 but faces a $3.1M net loss and $9.0M negative free cash flow (2024E). Total liabilities turned negative ($-0.125B), likely due to accounting adjustments, but the company has no long-term debt. The current ratio (3.27) and quick ratio (3.18) suggest short-term liquidity is robust, but cash burn ($11.65M annualized) threatens long-term solvency without financing.
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