Edesa Biotech Financial Health
How is Edesa Biotech's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: EDSA's short term assets ($15.2M) exceed its short term liabilities ($5.7M).
Long Term Liabilities: EDSA's short term assets ($15.2M) exceed its long term liabilities ($46.5K).
Debt to Equity History and Analysis
Debt Level: EDSA is debt free.
Reducing Debt: EDSA has not had any debt for past 5 years.
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: EDSA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EDSA has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 39% each year.