CorMedix Balance Sheet Health
Financial Health criteria checks 6/6
CorMedix has a total shareholder equity of $58.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $68.0M and $10.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$58.55m |
| Equity | US$58.01m |
| Total liabilities | US$10.01m |
| Total assets | US$68.02m |
Recent financial health updates
We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth
Apr 06
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Nov 02Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Jul 31CorMedix (NASDAQ:CRMD) Is In A Good Position To Deliver On Growth Plans
Feb 25Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Jul 16We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Mar 01Recent updates
We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth
Apr 06We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Nov 02Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Jul 31CorMedix (NASDAQ:CRMD) Is In A Good Position To Deliver On Growth Plans
Feb 25FDA again rejects CorMedix's application for lead candidate DefenCath, shares sink ~60%
Aug 08Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Jul 16We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely
Mar 01Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation
Sep 09CorMedix Inc.'s (NASDAQ:CRMD) Intrinsic Value Is Potentially 58% Above Its Share Price
Feb 11We're Hopeful That CorMedix (NYSEMKT:CRMD) Will Use Its Cash Wisely
Jan 04Financial Position Analysis
Short Term Liabilities: CRMD's short term assets ($63.4M) exceed its short term liabilities ($9.5M).
Long Term Liabilities: CRMD's short term assets ($63.4M) exceed its long term liabilities ($476.6K).
Debt to Equity History and Analysis
Debt Level: CRMD is debt free.
Reducing Debt: CRMD has no debt compared to 5 years ago when its debt to equity ratio was 38.9%.
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: CRMD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CRMD has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 9% each year.