Accelerate Diagnostics Balance Sheet Health
Financial Health criteria checks 2/6
Accelerate Diagnostics has a total shareholder equity of $-19.9M and total debt of $36.8M, which brings its debt-to-equity ratio to -185.2%. Its total assets and total liabilities are $31.4M and $51.3M respectively.
Key information
-185.2%
Debt to equity ratio
US$36.83m
Debt
| Interest coverage ratio | n/a |
| Cash | US$13.22m |
| Equity | -US$19.89m |
| Total liabilities | US$51.25m |
| Total assets | US$31.37m |
Recent financial health updates
Recent updates
Market Participants Recognise Accelerate Diagnostics, Inc.'s (NASDAQ:AXDX) Revenues Pushing Shares 38% Higher
Apr 17
Accelerate Diagnostics spikes as Chief Technology Officer raises stake
Aug 30Need To Know: Analysts Are Much More Bullish On Accelerate Diagnostics, Inc. (NASDAQ:AXDX)
Aug 20Accelerate Diagnostics jumps 14% after beating Q2 estimates
Aug 15Need To Know: The Consensus Just Cut Its Accelerate Diagnostics, Inc. (NASDAQ:AXDX) Estimates For 2022
Mar 15Accelerate Diagnostics And T2 Biosystems: Financial Woes Set To Continue In 2022
Jan 04Accelerate Diagnostics: An Investment Assessment
Sep 07Should You Take Comfort From Insider Transactions At Accelerate Diagnostics, Inc. (NASDAQ:AXDX)?
Feb 20
Accelerate Diagnostics foresees Q4 and FY2020 revenue below consensus
Jan 12Reflecting on Accelerate Diagnostics' (NASDAQ:AXDX) Share Price Returns Over The Last Three Years
Dec 29Financial Position Analysis
Short Term Liabilities: AXDX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AXDX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AXDX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AXDX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: AXDX has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AXDX is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.