Codexis Balance Sheet Health
Financial Health criteria checks 5/6
Codexis has a total shareholder equity of $61.4M and total debt of $28.4M, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are $132.0M and $70.6M respectively.
Key information
46.2%
Debt to equity ratio
US$28.37m
Debt
| Interest coverage ratio | n/a |
| Cash | US$73.20m |
| Equity | US$61.45m |
| Total liabilities | US$70.56m |
| Total assets | US$132.01m |
Recent financial health updates
Is Codexis (NASDAQ:CDXS) Weighed On By Its Debt Load?
Jul 12
Is Codexis (NASDAQ:CDXS) In A Good Position To Deliver On Growth Plans?
Nov 15We're Not Worried About Codexis' (NASDAQ:CDXS) Cash Burn
Feb 25We Think Codexis (NASDAQ:CDXS) Can Afford To Drive Business Growth
Aug 23Recent updates
After Leaping 26% Codexis, Inc. (NASDAQ:CDXS) Shares Are Not Flying Under The Radar
Jul 26Is Codexis (NASDAQ:CDXS) Weighed On By Its Debt Load?
Jul 12Investors Appear Satisfied With Codexis, Inc.'s (NASDAQ:CDXS) Prospects
May 29Codexis, Inc.'s (NASDAQ:CDXS) Shares Leap 56% Yet They're Still Not Telling The Full Story
Dec 20What Does Codexis, Inc.'s (NASDAQ:CDXS) Share Price Indicate?
Dec 19Is Codexis (NASDAQ:CDXS) In A Good Position To Deliver On Growth Plans?
Nov 15Lacklustre Performance Is Driving Codexis, Inc.'s (NASDAQ:CDXS) Low P/S
Jun 28Calculating The Intrinsic Value Of Codexis, Inc. (NASDAQ:CDXS)
Jun 07At US$3.41, Is It Time To Put Codexis, Inc. (NASDAQ:CDXS) On Your Watch List?
May 09Analysts Just Made A Major Revision To Their Codexis, Inc. (NASDAQ:CDXS) Revenue Forecasts
Feb 27We're Not Worried About Codexis' (NASDAQ:CDXS) Cash Burn
Feb 25Is Codexis, Inc. (NASDAQ:CDXS) Trading At A 28% Discount?
Nov 05Codexis appoints Kevin Norrett as chief operating officer
Oct 03We Think Codexis (NASDAQ:CDXS) Can Afford To Drive Business Growth
Aug 23Analysts Have Just Cut Their Codexis, Inc. (NASDAQ:CDXS) Revenue Estimates By 10%
Jul 28Codexis: Profitability, Return On Capital Are Persistent Headwinds Looking Ahead
Jul 27Codexis gets new executive chief
Jul 18Are Investors Undervaluing Codexis, Inc. (NASDAQ:CDXS) By 35%?
Jul 06Financial Position Analysis
Short Term Liabilities: CDXS's short term assets ($91.4M) exceed its short term liabilities ($30.5M).
Long Term Liabilities: CDXS's short term assets ($91.4M) exceed its long term liabilities ($40.0M).
Debt to Equity History and Analysis
Debt Level: CDXS has more cash than its total debt.
Reducing Debt: CDXS's debt to equity ratio has increased from 0% to 46.2% 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: CDXS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CDXS has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 18% each year