Elutia Balance Sheet Health
Financial Health criteria checks 2/6
Elutia has a total shareholder equity of $-40.2M and total debt of $22.6M, which brings its debt-to-equity ratio to -56.3%. Its total assets and total liabilities are $48.4M and $88.6M respectively.
Key information
-56.3%
Debt to equity ratio
US$22.64m
Debt
| Interest coverage ratio | n/a |
| Cash | US$25.74m |
| Equity | -US$40.24m |
| Total liabilities | US$88.65m |
| Total assets | US$48.41m |
Recent financial health updates
Recent updates
Elutia Inc. (NASDAQ:ELUT) Held Back By Insufficient Growth Even After Shares Climb 26%
Nov 20
Elutia Inc.'s (NASDAQ:ELUT) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Jun 28News Flash: 2 Analysts Think Elutia Inc. (NASDAQ:ELUT) Earnings Are Under Threat
Mar 10Elutia Inc.'s (NASDAQ:ELUT) Share Price Is Matching Sentiment Around Its Revenues
Feb 21Little Excitement Around Aziyo Biologics, Inc.'s (NASDAQ:AZYO) Revenues As Shares Take 63% Pounding
Apr 17Aziyo Biologics appoints Williams as Chief Scientific Officer
Aug 26Aziyo Biologics names co-founder C. Randal Mills as permanent CEO
Aug 10Financial Position Analysis
Short Term Liabilities: ELUT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ELUT 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: ELUT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ELUT'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: ELUT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ELUT has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 16.5% each year.