Danimer Scientific Balance Sheet Health
Financial Health criteria checks 2/6
Danimer Scientific has a total shareholder equity of $256.1M and total debt of $385.0M, which brings its debt-to-equity ratio to 150.3%. Its total assets and total liabilities are $688.9M and $432.8M respectively.
Key information
150.3%
Debt to equity ratio
US$385.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$57.34m |
| Equity | US$256.09m |
| Total liabilities | US$432.83m |
| Total assets | US$688.93m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6CU's short term assets ($104.8M) exceed its short term liabilities ($16.0M).
Long Term Liabilities: 6CU's short term assets ($104.8M) do not cover its long term liabilities ($416.8M).
Debt to Equity History and Analysis
Debt Level: 6CU's net debt to equity ratio (128%) is considered high.
Reducing Debt: 6CU's debt to equity ratio has reduced from 264.6% to 150.3% over the past 5 years.
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: 6CU has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 6CU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.7% each year