Achieve Life Sciences Balance Sheet Health
Financial Health criteria checks 4/6
Achieve Life Sciences has a total shareholder equity of $31.4M and total debt of $9.8M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are $47.9M and $16.5M respectively.
Key information
31.3%
Debt to equity ratio
US$9.82m
Debt
| Interest coverage ratio | n/a |
| Cash | US$42.91m |
| Equity | US$31.38m |
| Total liabilities | US$16.54m |
| Total assets | US$47.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SP4P's short term assets ($45.5M) exceed its short term liabilities ($6.7M).
Long Term Liabilities: SP4P's short term assets ($45.5M) exceed its long term liabilities ($9.8M).
Debt to Equity History and Analysis
Debt Level: SP4P has more cash than its total debt.
Reducing Debt: SP4P's debt to equity ratio has increased from 0% to 31.3% 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: SP4P has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SP4P has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.7% each year