Cytokinetics, Incorporated

NasdaqGS:CYTK Stock Report

Market Cap: US$6.8b

Cytokinetics Balance Sheet Health

Financial Health criteria checks 2/6

Cytokinetics has a total shareholder equity of $-13.9M and total debt of $656.0M, which brings its debt-to-equity ratio to -4715.8%. Its total assets and total liabilities are $1.4B and $1.4B respectively.

Key information

-4,715.8%

Debt to equity ratio

US$656.02m

Debt

Interest coverage ration/a
CashUS$1.01b
Equity-US$13.91m
Total liabilitiesUS$1.45b
Total assetsUS$1.44b

Recent financial health updates

Recent updates

Cytokinetics: Aficamten Rolling NDA Submission Leads To Expansion Opportunities

Aug 13

Is Cytokinetics (NASDAQ:CYTK) Weighed On By Its Debt Load?

Aug 11
Is Cytokinetics (NASDAQ:CYTK) Weighed On By Its Debt Load?

Cytokinetics' Aficamten: Heartfelt Potential Amid Market Woes

Jul 24

Cytokinetics Decides To Go It Alone

May 24

Here's Why We Think Cytokinetics, Incorporated's (NASDAQ:CYTK) CEO Compensation Looks Fair for the time being

May 09
Here's Why We Think Cytokinetics, Incorporated's (NASDAQ:CYTK) CEO Compensation Looks Fair for the time being

Cytokinetics, Incorporated: Buyout Speculation Persists

Apr 01

Cytokinetics: CEO Talks Down Buyout Prospects

Mar 16

Cytokinetics Steps Up As Prime Target After Aficamten's HCM Triumph (Rating Upgrade)

Jan 12

An Intrinsic Calculation For Cytokinetics, Incorporated (NASDAQ:CYTK) Suggests It's 37% Undervalued

Oct 05
An Intrinsic Calculation For Cytokinetics, Incorporated (NASDAQ:CYTK) Suggests It's 37% Undervalued

Financial Position Analysis

Short Term Liabilities: CYTK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CYTK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CYTK has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CYTK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: CYTK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CYTK has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 34.9% each year.


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