Adagene Balance Sheet Health
Financial Health criteria checks 5/6
Adagene has a total shareholder equity of $70.6M and total debt of $21.9M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are $115.7M and $45.2M respectively.
Key information
31.1%
Debt to equity ratio
US$21.94m
Debt
Interest coverage ratio | n/a |
Cash | US$109.93m |
Equity | US$70.56m |
Total liabilities | US$45.17m |
Total assets | US$115.73m |
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 10The 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 ($113.4M) exceed its short term liabilities ($31.5M).
Long Term Liabilities: ADAG's short term assets ($113.4M) exceed its long term liabilities ($13.7M).
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 5.3% to 31.1% 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 3 years if free cash flow continues to reduce at historical rates of 19.4% each year.