DURECT Balance Sheet Health
Financial Health criteria checks 5/6
DURECT has a total shareholder equity of $14.4M and total debt of $18.7M, which brings its debt-to-equity ratio to 129.8%. Its total assets and total liabilities are $54.7M and $40.3M respectively.
Key information
129.8%
Debt to equity ratio
US$18.70m
Debt
Interest coverage ratio | n/a |
Cash | US$38.99m |
Equity | US$14.41m |
Total liabilities | US$40.32m |
Total assets | US$54.73m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DC8's short term assets ($43.8M) exceed its short term liabilities ($36.8M).
Long Term Liabilities: DC8's short term assets ($43.8M) exceed its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: DC8 has more cash than its total debt.
Reducing Debt: DC8's debt to equity ratio has increased from 76.2% to 129.8% 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: DC8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DC8 has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 26.4% each year.