Cytosorbents Balance Sheet Health
Financial Health criteria checks 4/6
Cytosorbents has a total shareholder equity of $23.3M and total debt of $5.0M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are $53.3M and $30.0M respectively.
Key information
21.7%
Debt to equity ratio
US$5.04m
Debt
| Interest coverage ratio | n/a |
| Cash | US$14.13m |
| Equity | US$23.28m |
| Total liabilities | US$29.99m |
| Total assets | US$53.26m |
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 08We're A Little Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Sep 02We're Not Very Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Mar 03Recent updates
Health 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 02We're Not Very Worried About Cytosorbents' (NASDAQ:CTSO) Cash Burn Rate
Mar 03Financial Position Analysis
Short Term Liabilities: CTSO's short term assets ($25.7M) exceed its short term liabilities ($14.5M).
Long Term Liabilities: CTSO's short term assets ($25.7M) exceed its long term liabilities ($15.4M).
Debt to Equity History and Analysis
Debt Level: CTSO has more cash than its total debt.
Reducing Debt: CTSO's debt to equity ratio has reduced from 58.7% to 21.7% 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 19.3% each year