First Wave BioPharma Balance Sheet Health
Financial Health criteria checks 5/6
First Wave BioPharma has a total shareholder equity of $3.6M and total debt of $612.8K, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are $6.9M and $3.3M respectively.
Key information
17.0%
Debt to equity ratio
US$612.78k
Debt
Interest coverage ratio | n/a |
Cash | US$3.71m |
Equity | US$3.60m |
Total liabilities | US$3.28m |
Total assets | US$6.88m |
Recent financial health updates
Recent updates
First Wave BioPharma announces pricing of $6.0 million public offering
Oct 07First Wave BioPharma extends selloff after announcing strategic shift
Sep 19First Wave stock slips ~21% on plans for amended FDA application for enzyme adrulipase
Sep 07First Wave BioPharma announces 1-for-30 reverse stock split
Aug 25First Wave BioPharma to raise capital in convertible preferred stocks offering
Jul 15First Wave BioPharma Set For New Growth Trajectory With GI Pipeline Expansion De-Risking The Investment
Oct 19AzurRx Biopharma doses first patient in mid-stage niclosamide COVID-19 study
Jun 07AzurRx BioPharma: An Assessment
May 02AzurRx Officially A COVID-19 Play - The Right Dose For Your Portfolio
Jan 31AzurRx BioPharma, First Wave Bio in niclosamide licensing pact for gastrointestinal infections
Jan 04AzurRx up 9% on advancement of mid-stage study of MS1819 in CF patients
Nov 30Is AzurRx BioPharma (NASDAQ:AZRX) In A Good Position To Invest In Growth?
Nov 19Financial Position Analysis
Short Term Liabilities: FWBI's short term assets ($5.0M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: FWBI's short term assets ($5.0M) exceed its long term liabilities ($146.9K).
Debt to Equity History and Analysis
Debt Level: FWBI has more cash than its total debt.
Reducing Debt: FWBI's debt to equity ratio has increased from 5.7% to 17% 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: FWBI has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FWBI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.