Assertio Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Assertio Holdings has a total shareholder equity of $134.5M and total debt of $38.6M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are $282.0M and $147.5M respectively. Assertio Holdings's EBIT is $7.5M making its interest coverage ratio 2.5. It has cash and short-term investments of $80.7M.
Key information
28.7%
Debt to equity ratio
US$38.62m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$80.74m |
| Equity | US$134.49m |
| Total liabilities | US$147.47m |
| Total assets | US$281.97m |
Recent financial health updates
Does Assertio Holdings (NASDAQ:ASRT) Have A Healthy Balance Sheet?
Apr 18
We Think Assertio Holdings (NASDAQ:ASRT) Can Stay On Top Of Its Debt
Apr 26Recent updates
Assertio Holdings, Inc. (NASDAQ:ASRT) Stock Catapults 29% Though Its Price And Business Still Lag The Industry
May 07Does Assertio Holdings (NASDAQ:ASRT) Have A Healthy Balance Sheet?
Apr 18Improved Revenues Required Before Assertio Holdings, Inc. (NASDAQ:ASRT) Stock's 26% Jump Looks Justified
Mar 13We Think Assertio Holdings (NASDAQ:ASRT) Can Stay On Top Of Its Debt
Apr 26Is There An Opportunity With Assertio Holdings, Inc.'s (NASDAQ:ASRT) 23% Undervaluation?
Mar 02Assertio Holdings Looks Good To Rebound After Recent Price Plunge
Sep 07Assertio Holdings: Substantial Upside
Aug 21Assertio Therapeutics Q2 2022 Earnings Preview
Aug 05Assertio Holdings: Management Still Swimming Against The Tide
Jun 10Assertio's Phenomenal Turnaround
May 19Assertio Holdings: Recent Breakout To Lead To Sustained Gains
Apr 07Assertio's Digital Strategy Looks To Be Paying Off
Jan 21Assertio shares rise on Q1 revenue strength, provides FY forecast
May 07Assertio announces restructuring plan and leadership change
Dec 15Assertio Therapeutics EPS misses by $0.05, beats on revenue
Nov 06Financial Position Analysis
Short Term Liabilities: ASRT's short term assets ($172.5M) exceed its short term liabilities ($92.4M).
Long Term Liabilities: ASRT's short term assets ($172.5M) exceed its long term liabilities ($55.0M).
Debt to Equity History and Analysis
Debt Level: ASRT has more cash than its total debt.
Reducing Debt: ASRT's debt to equity ratio has reduced from 260.9% to 28.7% 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: Whilst unprofitable ASRT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASRT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18.5% per year.