Company: GHRS
Filing Date: 2025-02-27
Form Type: 20-F
Source: 0001140361-25-006175
Chunk: 6

Company: GH Research PLC
Filing Date: 2025-02-27
Form: 20-F
Item: Item 11
Chunk 6
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 credit risk on our cash and cash equivalents, other financial assets and marketable securities. Our cash balance is maintained with well-established, highly rated financial institutions. As of December 31, 2024, the cash balance is held at three banks that have a minimum S&P’s credit rating of A-. As of December 31, 2024, we hold investments in investment grade bonds and in money market funds (“the Portfolio”). These investments are exposed to credit risk in the event of default of the counterparty. We do not invest in equity instruments or derivatives and none of the bonds are individually above 3% of the value of the Portfolio.
  Table of Contents
Interest Rate Risk
 
Interest rate risk is the risk of a change in the price of a financial instrument due to fluctuations in interest rates, leading to a financial loss. We are exposed to interest rate risk on our marketable securities. The value of our marketable securities would decrease in the short term in the event of an interest rate increase in alternative investments.
 
As of December 31, 2024, if interest rates had increased / decreased by 50 basis points, with all other variables held constant, the Group’s total comprehensive loss would have been $0.3 million higher / lower (2023: $0.7 million higher / lower), due to the movement in the fair value of the Group’s marketable securities.
 
Liquidity Risk
 
Liquidity risk is the risk that we may not be able to generate sufficient cash resources to settle our obligations in full as they fall due or can do so only on terms that are materially disadvantageous. Prudent liquidity risk management implies maintaining sufficient cash to cover working capital requirements. Cash is monitored by management.
 
Funding and liquidity risks are reviewed regularly by our Board of Directors and management. We fund our capital requirements through capital raising.