Journey Medical Balance Sheet Health
Financial Health criteria checks 3/6
Journey Medical has a total shareholder equity of $11.3M and total debt of $22.7M, which brings its debt-to-equity ratio to 201.4%. Its total assets and total liabilities are $65.2M and $53.9M respectively. Journey Medical's EBIT is $2.1M making its interest coverage ratio 2.3. It has cash and short-term investments of $23.9M.
Key information
201.4%
Debt to equity ratio
US$22.75m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$23.91m |
| Equity | US$11.30m |
| Total liabilities | US$53.89m |
| Total assets | US$65.19m |
Recent financial health updates
Here's Why Journey Medical (NASDAQ:DERM) Has A Meaningful Debt Burden
Sep 14
Does Journey Medical (NASDAQ:DERM) Have A Healthy Balance Sheet?
May 06Recent updates
Here's Why Journey Medical (NASDAQ:DERM) Has A Meaningful Debt Burden
Sep 14Does Journey Medical (NASDAQ:DERM) Have A Healthy Balance Sheet?
May 06Journey Medical Corporation (NASDAQ:DERM) Not Doing Enough For Some Investors As Its Shares Slump 31%
Mar 11Journey Medical Corporation's (NASDAQ:DERM) 33% Dip In Price Shows Sentiment Is Matching Revenues
Jan 18Journey Medical Corporation's (NASDAQ:DERM) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Nov 10US$12.00: That's What Analysts Think Journey Medical Corporation (NASDAQ:DERM) Is Worth After Its Latest Results
May 12Financial Position Analysis
Short Term Liabilities: DERM's short term assets ($46.5M) exceed its short term liabilities ($34.1M).
Long Term Liabilities: DERM's short term assets ($46.5M) exceed its long term liabilities ($19.7M).
Debt to Equity History and Analysis
Debt Level: DERM has more cash than its total debt.
Reducing Debt: Insufficient data to determine if DERM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DERM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DERM's interest payments on its debt are not well covered by EBIT (2.3x coverage).