Cytophage Technologies Ltd.

TSXV:CYTO Stock Report

Market Cap: CA$13.5m

Cytophage Technologies Balance Sheet Health

Financial Health criteria checks 4/6

Cytophage Technologies has a total shareholder equity of CA$5.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.3M and CA$2.0M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$3.67m
EquityCA$5.26m
Total liabilitiesCA$2.05m
Total assetsCA$7.31m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CYTO's short term assets (CA$4.2M) exceed its short term liabilities (CA$709.9K).

Long Term Liabilities: CYTO's short term assets (CA$4.2M) exceed its long term liabilities (CA$1.3M).


Debt to Equity History and Analysis

Debt Level: CYTO is debt free.

Reducing Debt: CYTO had no debt 5 years ago.


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: CYTO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CYTO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28.4% each year


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