Biotalys Balance Sheet Health
Financial Health criteria checks 6/6
Biotalys has a total shareholder equity of €19.6M and total debt of €2.7M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are €29.5M and €9.9M respectively.
Key information
13.7%
Debt to equity ratio
€2.67m
Debt
| Interest coverage ratio | n/a |
| Cash | €14.68m |
| Equity | €19.58m |
| Total liabilities | €9.91m |
| Total assets | €29.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTLS's short term assets (€18.5M) exceed its short term liabilities (€4.8M).
Long Term Liabilities: BTLS's short term assets (€18.5M) exceed its long term liabilities (€5.2M).
Debt to Equity History and Analysis
Debt Level: BTLS has more cash than its total debt.
Reducing Debt: BTLS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BTLS has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BTLS has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 5.8% each year.