PolyPid Balance Sheet Health
Financial Health criteria checks 2/6
PolyPid has a total shareholder equity of $-2.1M and total debt of $10.4M, which brings its debt-to-equity ratio to -495.3%. Its total assets and total liabilities are $15.4M and $17.5M respectively.
Key information
-495.3%
Debt to equity ratio
US$10.38m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.31m |
| Equity | -US$2.10m |
| Total liabilities | US$17.47m |
| Total assets | US$15.37m |
Recent financial health updates
Will PolyPid (NASDAQ:PYPD) Spend Its Cash Wisely?
Mar 18
Here's Why We're Watching PolyPid's (NASDAQ:PYPD) Cash Burn Situation
Nov 08Recent updates
PolyPid set to cut 20% jobs
Oct 20PolyPid's surgical site infections treatment eligible for marketing nod submission in EU
Sep 28PolyPid sheds 75% as lead candidate fails in Phase 3 trial for post-surgical infections
Sep 02PolyPid GAAP EPS of -$1.23 misses by $0.60
Aug 10PolyPid to get $2.6M upfront under license deal with Advanz for D-PLEX in Europe
Aug 03PolyPid: Strong Pipeline, Close Catalysts
Apr 19Will PolyPid (NASDAQ:PYPD) Spend Its Cash Wisely?
Mar 18Here's Why We're Watching PolyPid's (NASDAQ:PYPD) Cash Burn Situation
Nov 08We Think PolyPid (NASDAQ:PYPD) Can Afford To Drive Business Growth
Jul 15Here's Why We're Not Too Worried About PolyPid's (NASDAQ:PYPD) Cash Burn Situation
Mar 09PolyPid's oncoplex cancer program shows encouraging action in animal study
Dec 22PolyPid launches second late-stage trial with D-PLEX100 in surgical infections
Dec 16PolyPid pops 24% after D-PLEX100 nabs accelerated review in U.S. for preventing surgical infections
Nov 24Financial Position Analysis
Short Term Liabilities: PYPD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PYPD 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: PYPD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PYPD'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: PYPD has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PYPD is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.