Cytosorbents Balance Sheet Health
Financial Health criteria checks 2/6
Cytosorbents has a total shareholder equity of $13.0M and total debt of $13.8M, which brings its debt-to-equity ratio to 106.2%. Its total assets and total liabilities are $47.8M and $34.8M respectively.
Key information
106.2%
Debt to equity ratio
US$13.81m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.69m |
| Equity | US$13.00m |
| Total liabilities | US$34.80m |
| Total assets | US$47.80m |
Recent financial health updates
Health Check: How Prudently Does Cytosorbents (NASDAQ:CTSO) Use Debt?
Mar 16
Is Cytosorbents (NASDAQ:CTSO) Using Too Much Debt?
Nov 10Health Check: How Prudently Does Cytosorbents (NASDAQ:CTSO) Use Debt?
May 16We're A Little Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Mar 08Recent updates
The Market Lifts Cytosorbents Corporation (NASDAQ:CTSO) Shares 43% But It Can Do More
Oct 01Investors Continue Waiting On Sidelines For Cytosorbents Corporation (NASDAQ:CTSO)
Jul 04Health Check: How Prudently Does Cytosorbents (NASDAQ:CTSO) Use Debt?
Mar 16Take Care Before Jumping Onto Cytosorbents Corporation (NASDAQ:CTSO) Even Though It's 28% Cheaper
Jan 06Is Cytosorbents (NASDAQ:CTSO) Using Too Much Debt?
Nov 10Shareholders Should Be Pleased With Cytosorbents Corporation's (NASDAQ:CTSO) Price
Jul 13Health Check: How Prudently Does Cytosorbents (NASDAQ:CTSO) Use Debt?
May 16We're A Little Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Mar 08CytoSorbents secures $4.3M contract by U.S. Department of Defense
Oct 06CytoSorbents stock rises on US DoD contract to develop device for universal plasma
Sep 09We're A Little Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Sep 02CytoSorbents gets reimbursement for CytoSorb in Turkey
Aug 23CytoSorbents stock rises 10% as Israel approves coverage for CytoSorb system
Aug 17Cytosorbents GAAP EPS of -$0.25 misses by $0.13, revenue of $8.5M misses by $1.06M
Aug 02Financial Position Analysis
Short Term Liabilities: CTSO's short term assets ($16.6M) exceed its short term liabilities ($8.4M).
Long Term Liabilities: CTSO's short term assets ($16.6M) do not cover its long term liabilities ($26.4M).
Debt to Equity History and Analysis
Debt Level: CTSO's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: CTSO's debt to equity ratio has reduced from 223% to 106.2% 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: CTSO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CTSO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.1% each year