Clene Balance Sheet Health
Financial Health criteria checks 3/6
Clene has a total shareholder equity of $4.3M and total debt of $27.1M, which brings its debt-to-equity ratio to 635.9%. Its total assets and total liabilities are $45.1M and $40.8M respectively.
Key information
635.9%
Debt to equity ratio
US$27.11m
Debt
Interest coverage ratio | n/a |
Cash | US$27.91m |
Equity | US$4.26m |
Total liabilities | US$40.81m |
Total assets | US$45.07m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CLNN's short term assets ($32.1M) exceed its short term liabilities ($26.2M).
Long Term Liabilities: CLNN's short term assets ($32.1M) exceed its long term liabilities ($14.6M).
Debt to Equity History and Analysis
Debt Level: CLNN has more cash than its total debt.
Reducing Debt: CLNN's debt to equity ratio has increased from 17.8% to 635.9% 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: CLNN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CLNN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year