Cyanotech Balance Sheet Health
Financial Health criteria checks 4/6
Cyanotech has a total shareholder equity of $13.8M and total debt of $6.8M, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are $27.3M and $13.4M respectively.
Key information
49.2%
Debt to equity ratio
US$6.81m
Debt
| Interest coverage ratio | n/a |
| Cash | US$661.00k |
| Equity | US$13.83m |
| Total liabilities | US$13.42m |
| Total assets | US$27.25m |
Recent financial health updates
Is Cyanotech (NASDAQ:CYAN) Using Debt Sensibly?
Feb 09
Is Cyanotech (NASDAQ:CYAN) Weighed On By Its Debt Load?
Oct 05Recent updates
Cyanotech Corporation (NASDAQ:CYAN) Not Doing Enough For Some Investors As Its Shares Slump 39%
Feb 15Is Cyanotech (NASDAQ:CYAN) Using Debt Sensibly?
Feb 09Is Cyanotech (NASDAQ:CYAN) Weighed On By Its Debt Load?
Oct 05There's Been No Shortage Of Growth Recently For Cyanotech's (NASDAQ:CYAN) Returns On Capital
Sep 30Here's Why Cyanotech (NASDAQ:CYAN) Can Manage Its Debt Responsibly
Aug 14Cyanotech GAAP EPS of -$0.08, revenue of $6.72M
Aug 10Cyanotech (NASDAQ:CYAN) Might Have The Makings Of A Multi-Bagger
Jun 08Is Cyanotech (NASDAQ:CYAN) A Risky Investment?
May 12The ESG Future Of Food Protein Production: Cyanotech
Mar 19Cyanotech (NASDAQ:CYAN) Is Doing The Right Things To Multiply Its Share Price
Mar 04We Think Cyanotech (NASDAQ:CYAN) Can Stay On Top Of Its Debt
Jan 11Cyanotech (NASDAQ:CYAN) Is Experiencing Growth In Returns On Capital
Nov 30Cyanotech (NASDAQ:CYAN) Is Carrying A Fair Bit Of Debt
Jun 08Cyanotech's (NASDAQ:CYAN) Promising Earnings May Rest On Soft Foundations
Feb 23These 4 Measures Indicate That Cyanotech (NASDAQ:CYAN) Is Using Debt Reasonably Well
Feb 08
Returns On Capital Tell Us A Lot About Cyanotech (NASDAQ:CYAN)
Jan 04Cyanotech Corporation's (NASDAQ:CYAN) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Nov 30Cyanotech reports Q2 results
Nov 12Financial Position Analysis
Short Term Liabilities: CYAN's short term assets ($12.3M) exceed its short term liabilities ($8.5M).
Long Term Liabilities: CYAN's short term assets ($12.3M) exceed its long term liabilities ($4.9M).
Debt to Equity History and Analysis
Debt Level: CYAN's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: CYAN's debt to equity ratio has reduced from 49.7% to 49.2% 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: CYAN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CYAN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.6% each year