BioVie Balance Sheet Health
Financial Health criteria checks 6/6
BioVie has a total shareholder equity of $14.1M and total debt of $3.3M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $21.2M and $7.2M respectively.
Key information
23.6%
Debt to equity ratio
US$3.32m
Debt
| Interest coverage ratio | n/a |
| Cash | US$20.02m |
| Equity | US$14.07m |
| Total liabilities | US$7.17m |
| Total assets | US$21.24m |
Financial Position Analysis
Short Term Liabilities: BIVI's short term assets ($20.2M) exceed its short term liabilities ($6.8M).
Long Term Liabilities: BIVI's short term assets ($20.2M) exceed its long term liabilities ($332.7K).
Debt to Equity History and Analysis
Debt Level: BIVI has more cash than its total debt.
Reducing Debt: BIVI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: BIVI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: BIVI is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.