Eyenovia Balance Sheet Health
Financial Health criteria checks 3/6
Eyenovia has a total shareholder equity of $3.7M and total debt of $11.6M, which brings its debt-to-equity ratio to 311.1%. Its total assets and total liabilities are $22.8M and $19.1M respectively.
Key information
311.1%
Debt to equity ratio
US$11.57m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.19m |
| Equity | US$3.72m |
| Total liabilities | US$19.08m |
| Total assets | US$22.80m |
Recent financial health updates
Is Eyenovia (NASDAQ:EYEN) Weighed On By Its Debt Load?
Jan 30
Is Eyenovia (NASDAQ:EYEN) Using Debt In A Risky Way?
Oct 14Is Eyenovia (NASDAQ:EYEN) Using Debt Sensibly?
Jun 27Does Eyenovia (NASDAQ:EYEN) Have A Healthy Balance Sheet?
Oct 25Recent updates
Is Eyenovia (NASDAQ:EYEN) Weighed On By Its Debt Load?
Jan 30Is Eyenovia (NASDAQ:EYEN) Using Debt In A Risky Way?
Oct 14Is Eyenovia (NASDAQ:EYEN) Using Debt Sensibly?
Jun 27Does Eyenovia (NASDAQ:EYEN) Have A Healthy Balance Sheet?
Oct 25Eyenovia gains as H.C. Wainwright initiates with Buy on pipeline potential
Oct 05Eyenovia names Michael Rowe as new CEO
Jul 27Financial Position Analysis
Short Term Liabilities: EYEN's short term assets ($11.7M) do not cover its short term liabilities ($15.8M).
Long Term Liabilities: EYEN's short term assets ($11.7M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: EYEN's net debt to equity ratio (117.8%) is considered high.
Reducing Debt: EYEN's debt to equity ratio has increased from 0% to 311.1% 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: EYEN has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EYEN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.