Adagene Balance Sheet Health
Financial Health criteria checks 5/6
Adagene has a total shareholder equity of $56.6M and total debt of $20.5M, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are $100.8M and $44.2M respectively.
Key information
36.3%
Debt to equity ratio
US$20.54m
Debt
| Interest coverage ratio | n/a |
| Cash | US$95.67m |
| Equity | US$56.59m |
| Total liabilities | US$44.19m |
| Total assets | US$100.78m |
Recent financial health updates
No updates
Recent updates
Adagene Inc. (NASDAQ:ADAG) Surges 26% Yet Its Low P/S Is No Reason For Excitement
Oct 10
The Consensus EPS Estimates For Adagene Inc. (NASDAQ:ADAG) Just Fell Dramatically
Oct 05Adagene ADR GAAP EPS of -$0.87 misses by $0.45, revenue of $3.93M misses by $9.82M
Aug 30Micro-cap Adagene surges after hours on $10M share buyback
Jun 29Financial Position Analysis
Short Term Liabilities: ADAG's short term assets ($98.8M) exceed its short term liabilities ($39.5M).
Long Term Liabilities: ADAG's short term assets ($98.8M) exceed its long term liabilities ($4.7M).
Debt to Equity History and Analysis
Debt Level: ADAG has more cash than its total debt.
Reducing Debt: ADAG's debt to equity ratio has increased from 3.5% to 36.3% 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: ADAG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ADAG has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 10.5% each year.