OpGen Balance Sheet Health
Financial Health criteria checks 3/6
OpGen has a total shareholder equity of $2.7M and total debt of $9.2M, which brings its debt-to-equity ratio to 343.7%. Its total assets and total liabilities are $18.1M and $15.5M respectively.
Key information
343.7%
Debt to equity ratio
US$9.20m
Debt
Interest coverage ratio | n/a |
Cash | US$292.64k |
Equity | US$2.68m |
Total liabilities | US$15.46m |
Total assets | US$18.13m |
Recent financial health updates
Recent updates
OpGen to raise $3.38M in direct stock offering
Sep 30OpGen's subsidiary signs R&D agreement with FIND
Sep 20Nasdaq grants extension to OpGen to regain compliance with minimum bid price requirement
Aug 31OpGen launches sequencing services for infectious diseases in US
Aug 25OpGen GAAP EPS of -$0.13 beats by $0.02, revenue of $1M in-line
Aug 11OpGen reports preliminary revenue estimate for Q2 2022
Jul 08OpGen gains on insider buying
Jun 15OpGen submits 510(k) summary to FDA for Acuitas AMR Gene Panel for Isolates
Jun 07OpGen reports prelim Q4 & FY20 revenue
Jan 13OpGen subsidiary Curetis and Annar ink Unyvero distribution partnership for Colombia
Jan 05OpGen launches $10M private placement
Nov 24OpGen EPS misses by $0.04, beats on revenue
Nov 11OpGen's subsidiary and collaborators secures German funding to develop such a molecular diagnostics platform
Oct 28Financial Position Analysis
Short Term Liabilities: OPGN's short term assets ($3.5M) do not cover its short term liabilities ($12.5M).
Long Term Liabilities: OPGN's short term assets ($3.5M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: OPGN's net debt to equity ratio (332.8%) is considered high.
Reducing Debt: OPGN's debt to equity ratio has increased from 28.1% to 343.7% 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: OPGN has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OPGN is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.