MeiraGTx Holdings plc

NasdaqGS:MGTX Stock Report

Market Cap: US$480.6m

MeiraGTx Holdings Balance Sheet Health

Financial Health criteria checks 4/6

MeiraGTx Holdings has a total shareholder equity of $95.7M and total debt of $72.9M, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are $299.5M and $203.8M respectively.

Key information

76.2%

Debt to equity ratio

US$72.94m

Debt

Interest coverage ration/a
CashUS$122.87m
EquityUS$95.74m
Total liabilitiesUS$203.75m
Total assetsUS$299.49m

Recent financial health updates

Recent updates

Analysts Have Lowered Expectations For MeiraGTx Holdings plc (NASDAQ:MGTX) After Its Latest Results

Nov 15
Analysts Have Lowered Expectations For MeiraGTx Holdings plc (NASDAQ:MGTX) After Its Latest Results

MeiraGTx: Positive PD Data Moves Needle Forward For Regulatory Meetings

Oct 15

MeiraGTx: A Very Attractive Longer-Term Play, With Potential Near-Term Catalysts

Jul 15

MeiraGTx Holdings (NASDAQ:MGTX) Has Debt But No Earnings; Should You Worry?

Jun 19
MeiraGTx Holdings (NASDAQ:MGTX) Has Debt But No Earnings; Should You Worry?

MeiraGTx: Bota-Vec Program Advancing With Milestones Being Met

Feb 15

Does MeiraGTx Holdings (NASDAQ:MGTX) Have A Healthy Balance Sheet?

Sep 08
Does MeiraGTx Holdings (NASDAQ:MGTX) Have A Healthy Balance Sheet?

Calculating The Intrinsic Value Of MeiraGTx Holdings plc (NASDAQ:MGTX)

Apr 11
Calculating The Intrinsic Value Of MeiraGTx Holdings plc (NASDAQ:MGTX)

MeiraGTx Holdings plc (NASDAQ:MGTX) Analysts Are Reducing Their Forecasts For This Year

Mar 16
MeiraGTx Holdings plc (NASDAQ:MGTX) Analysts Are Reducing Their Forecasts For This Year

MeiraGTx Holdings plc (NASDAQ:MGTX) Analysts Are More Bearish Than They Used To Be

Nov 16
MeiraGTx Holdings plc (NASDAQ:MGTX) Analysts Are More Bearish Than They Used To Be

MeiraGTx GAAP EPS of -$0.76, revenue of $10.76M

Aug 11

MeiraGTx inks $100M debt agreement backed by manufacturing facilities

Aug 03

MeiraGTx Holdings (NASDAQ:MGTX) Is In A Good Position To Deliver On Growth Plans

Apr 29
MeiraGTx Holdings (NASDAQ:MGTX) Is In A Good Position To Deliver On Growth Plans

Analysts' Revenue Estimates For MeiraGTx Holdings plc (NASDAQ:MGTX) Are Surging Higher

Mar 15
Analysts' Revenue Estimates For MeiraGTx Holdings plc (NASDAQ:MGTX) Are Surging Higher

Financial Position Analysis

Short Term Liabilities: MGTX's short term assets ($139.0M) exceed its short term liabilities ($59.4M).

Long Term Liabilities: MGTX's short term assets ($139.0M) do not cover its long term liabilities ($144.3M).


Debt to Equity History and Analysis

Debt Level: MGTX has more cash than its total debt.

Reducing Debt: MGTX's debt to equity ratio has increased from 0% to 76.2% 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: MGTX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MGTX has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 24.7% each year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MeiraGTx Holdings plc is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huidong WangBarclays
Alec StranahanBofA Global Research
Gbolahan Amusa BenzChardan Capital Markets, LLC