Photocure Balance Sheet Health

Financial Health criteria checks 6/6

Photocure has a total shareholder equity of NOK483.1M and total debt of NOK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NOK714.6M and NOK231.5M respectively. Photocure's EBIT is NOK36.2M making its interest coverage ratio 2.1. It has cash and short-term investments of NOK258.3M.

Key information

Debt to equity ratio

kr0

Debt

Interest coverage ratio	2.1x
Cash	kr258.27m
Equity	kr483.10m
Total liabilities	kr231.52m
Total assets	kr714.61m

Recent financial health updates

We Think Photocure (OB:PHO) Can Stay On Top Of Its Debt

Aug 12

Is Photocure (OB:PHO) Using Too Much Debt?

Nov 19

Recent updates

Analyst Estimates: Here's What Brokers Think Of Photocure ASA (OB:PHO) After Its Second-Quarter Report

Aug 14

We Think Photocure (OB:PHO) Can Stay On Top Of Its Debt

Aug 12

Do Institutions Own Photocure ASA (OB:PHO) Shares?

Feb 11

Photocure ASA's (OB:PHO) Stock Is Going Strong: Have Financials A Role To Play?

Jan 21

The Photocure (OB:PHO) Share Price Is Up 286% And Shareholders Are Boasting About It

Dec 31

We're Not So Sure You Should Rely on Photocure's (OB:PHO) Statutory Earnings

Dec 09

Is Photocure (OB:PHO) Using Too Much Debt?

Nov 19

Financial Position Analysis

Short Term Liabilities: PHO's short term assets (NOK380.8M) exceed its short term liabilities (NOK80.2M).

Long Term Liabilities: PHO's short term assets (NOK380.8M) exceed its long term liabilities (NOK151.3M).

Debt to Equity History and Analysis

Debt Level: PHO is debt free.

Reducing Debt: PHO had no debt 5 years ago.

Debt Coverage: PHO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PHO has no debt, therefore coverage of interest payments is not a concern.

Photocure Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

We Think Photocure (OB:PHO) Can Stay On Top Of Its Debt

Is Photocure (OB:PHO) Using Too Much Debt?

Recent updates

Photocure ASA's (OB:PHO) P/S Still Appears To Be Reasonable

Photocure ASA Announces Board Appointments

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Photocure ASA Reiterates Financial Guidance for the Year 2024

Consensus EPS estimates fall from profit to kr0.58 loss

Photocure ASA Announces Pivotal Trial Results and New Real-World Evidence

Photocure ASA Announces the Publication of the Study Racial Difference in Detection Rate of Bladder Cancer Using Blue Light Cystoscopy

Consensus EPS estimates increase by 50%, revenue downgraded

Price target decreased by 7.0% to kr86.00

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Forecast breakeven date pushed back to 2025

Photocure ASA to Report Q4, 2023 Results on Feb 21, 2024

Photocure ASA's (OB:PHO) 26% Jump Shows Its Popularity With Investors

Photocure ASA Partner Asieris Announces New Drug Application Acceptance for Regulatory Review of Hexvix in China

Third quarter 2023 earnings released: kr0.18 loss per share (vs kr0.37 loss in 3Q 2022)

Photocure ASA Announces Change of Board Composition

Director recently bought kr6.5m worth of stock

Potential Upside For Photocure ASA (OB:PHO) Not Without Risk

Price target decreased by 10.0% to kr90.00

Photocure Partner Asieris Confirms Hexvix Phase III Clinical Trial in China Meets Endpoint

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Photocure Partner Asieris Announces Completion of Enrollment for Hexvix Phase III Clinical Trial in China

Insufficient new directors

Consensus estimates of losses per share improve by 15%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Time To Worry? Analysts Just Downgraded Their Photocure ASA (OB:PHO) Outlook

Price target decreased by 7.7% to kr120

Forecast breakeven date pushed back to 2024

Full year 2022 earnings released: kr2.66 loss per share (vs kr1.15 loss in FY 2021)

Photocure Asa Announces Clinical Data Presented At ASCO GU Demonstrates Reduced Risk of Recurrence in Non-Muscle Invasive Bladder Cancer with the Use of BLC

Photocure Asa Announces the Publication of the Study "Clinical and Economic Impact of Blue Light Cystoscopy in the Management of Nmibc At U.S. Ambulatory Surgical Centers: What Is the Site-Of-Service Disparity?" in Urologic Oncology This Week

Photocure Asa Announces the Publication of the Study "Clinical and Economic Impact of Blue Light Cystoscopy in the Management of Nmibc At U.S. Ambulatory Surgical Centers: What Is the Site-Of-Service Disparity?" in Urologic Oncology This Week

Photocure ASA to Report First Half, 2023 Results on Aug 09, 2023

Photocure ASA Announces New Evidence Presented At the 22nd Annual Society of Urologic Oncology Meeting Demonstrating That Blue Light Cystoscopy

Price target decreased to kr125

Third quarter 2022 earnings released: kr0.37 loss per share (vs kr0.27 loss in 3Q 2021)

Photocure Asa Announces Data Presented At the International Bladder Cancer Network (Ibcn) Meeting Demonstrate A Reduction in the Risk of Recurrence with the Use of Blc

PPhotocure ASA Announces the Commercial Availability of Karl Storz's New Blue Light System in the U.S

Photocure ASA Publishes First Results from Laser III Clinical Study in Medical Journal, European Urology

Photocure ASA Announces Continue E Supporting the Global Launch Activities of the New and Improved Blue Light Cystoscopy

Photocure ASA Appoints Anders Neijber as Chief Medical Officer, Global Medical Affairs and Clinical Development

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to kr135

Photocure Asa Provides Update on Anticipated Commercial Availability of Karl Storz's New Blue Light System in the United States

Photocure ASA Presents Positive Data from the Danish National Patient Registry at the 2022 NordUrologisk Forening (NUF) Congongress in Helsinki

Photocure ASA (OB:PHO) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on April 28, 2022.

President & CEO exercised options to buy kr10m worth of stock.

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Photocure Announces Endotherapeutics Group as New Commercial Partner for Hexvix in Australia & New Zealand

Photocure ASA Announces the Publication of Pre-Clinical Study Results Supporting the Anti-tumor Effect of Hexaminolevulinate with Blue Light in Bladder Cancer model

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Photocure ASA Receives FDA Approval for Use in NMIBC in the U.S

Consensus EPS estimates fall to -kr0.53

Third quarter 2021 earnings released: kr0.27 loss per share (vs kr0.23 loss in 3Q 2020)

Insider exercised options to buy kr2.8m worth of stock.

Consensus EPS estimates fall to -kr0.53

Analyst Estimates: Here's What Brokers Think Of Photocure ASA (OB:PHO) After Its Second-Quarter Report

We Think Photocure (OB:PHO) Can Stay On Top Of Its Debt

Second quarter 2021 earnings released: kr0.40 loss per share (vs kr0.37 loss in 2Q 2020)

Photocure ASA Announces the Publication of a Study in the Journal Urologic Oncology

Asieris Announces First Patient Administration in Europe within the Phase III Clinical Trial for APL-1702 (Cevira)

President & CEO exercised options to buy kr2.8m worth of stock.

Photocure ASA (OB:PHO) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on June 10, 2020.

Photocure ASA Suspends Guidance for 2023

Analysts lower EPS estimates to kr0.94

New 90-day high: kr118

Do Institutions Own Photocure ASA (OB:PHO) Shares?

New 90-day high: kr109

Photocure ASA to Report Q3, 2021 Results on Nov 17, 2021

Asieris Pharmaceuticals and Photocure ASA Expands Strategic Partnership to Bladder Cancer Diagnosis and Surgery in Mainland China and Taiwan

Photocure Partners with Asieris MediTech to Commercialize Hexvix in Mainland China and Taiwan

Photocure ASA's (OB:PHO) Stock Is Going Strong: Have Financials A Role To Play?