Initiator Pharma Balance Sheet Health
Financial Health criteria checks 4/6
Initiator Pharma has a total shareholder equity of DKK11.2M and total debt of DKK15.4M, which brings its debt-to-equity ratio to 138.3%. Its total assets and total liabilities are DKK29.8M and DKK18.6M respectively.
Key information
138.3%
Debt to equity ratio
kr.15.44m
Debt
Interest coverage ratio | n/a |
Cash | kr.24.34m |
Equity | kr.11.16m |
Total liabilities | kr.18.62m |
Total assets | kr.29.79m |
Recent financial health updates
Health Check: How Prudently Does Initiator Pharma (STO:INIT) Use Debt?
Feb 27Is Initiator Pharma (STO:INIT) Using Debt In A Risky Way?
May 20Is Initiator Pharma (STO:INIT) Using Debt In A Risky Way?
Jan 06We're Not Worried About Initiator Pharma's (STO:INIT) Cash Burn
Oct 26We're Not Very Worried About Initiator Pharma's (NGM:INIT) Cash Burn Rate
Jun 12Recent updates
Health Check: How Prudently Does Initiator Pharma (STO:INIT) Use Debt?
Feb 27Is Initiator Pharma (STO:INIT) Using Debt In A Risky Way?
May 20Is Initiator Pharma (STO:INIT) Using Debt In A Risky Way?
Jan 06We're Not Worried About Initiator Pharma's (STO:INIT) Cash Burn
Oct 26We're Not Very Worried About Initiator Pharma's (NGM:INIT) Cash Burn Rate
Jun 12Financial Position Analysis
Short Term Liabilities: INIT's short term assets (DKK29.8M) exceed its short term liabilities (DKK3.2M).
Long Term Liabilities: INIT's short term assets (DKK29.8M) exceed its long term liabilities (DKK15.4M).
Debt to Equity History and Analysis
Debt Level: INIT has more cash than its total debt.
Reducing Debt: INIT's debt to equity ratio has increased from 0% to 138.3% 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: INIT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if INIT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.