DURECT Balance Sheet Health
Financial Health criteria checks 2/6
DURECT has a total shareholder equity of $1.2M and total debt of $10.5M, which brings its debt-to-equity ratio to 860%. Its total assets and total liabilities are $24.1M and $22.8M respectively.
Key information
860.0%
Debt to equity ratio
US$10.47m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.38m |
| Equity | US$1.22m |
| Total liabilities | US$22.85m |
| Total assets | US$24.07m |
Recent financial health updates
Is DURECT (NASDAQ:DRRX) A Risky Investment?
May 12
Does DURECT (NASDAQ:DRRX) Have A Healthy Balance Sheet?
Jan 08Is DURECT (NASDAQ:DRRX) Using Debt Sensibly?
Aug 05Recent updates
Brokers Are Upgrading Their Views On DURECT Corporation (NASDAQ:DRRX) With These New Forecasts
Aug 08Durect names ex-RBC Capital Markets executive as CFO
Jul 05Is DURECT (NASDAQ:DRRX) A Risky Investment?
May 12DURECT Corporation (NASDAQ:DRRX) Analysts Are More Bearish Than They Used To Be
Mar 14DURECT Corporation (NASDAQ:DRRX) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Mar 10Does DURECT (NASDAQ:DRRX) Have A Healthy Balance Sheet?
Jan 08Is DURECT (NASDAQ:DRRX) Using Debt Sensibly?
Aug 05Durect (DRRX) Investor Presentation - Slideshow
May 06Durect EPS misses by $0.01, misses on revenue
May 04DURECT prices ~$43M stock offering
Feb 04DURECT surges after FDA approval for Posimir
Feb 02Durect's DUR-928 fast track'd for alcoholic hepatitis in the U.S.
Dec 16DURECT (DRRX) Investor Presentation - Slideshow
Oct 31Financial Position Analysis
Short Term Liabilities: DRRX's short term assets ($14.4M) do not cover its short term liabilities ($20.2M).
Long Term Liabilities: DRRX's short term assets ($14.4M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: DRRX's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: DRRX's debt to equity ratio has increased from 95.2% to 860% 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: DRRX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: DRRX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.3% each year