Shuttle Pharmaceuticals Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Shuttle Pharmaceuticals Holdings has a total shareholder equity of $4.1M and total debt of $731.1K, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are $6.0M and $1.9M respectively.
Key information
18.0%
Debt to equity ratio
US$731.09k
Debt
Interest coverage ratio | n/a |
Cash | US$5.46m |
Equity | US$4.06m |
Total liabilities | US$1.90m |
Total assets | US$5.95m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SHPH's short term assets ($5.6M) exceed its short term liabilities ($1.0M).
Long Term Liabilities: SHPH's short term assets ($5.6M) exceed its long term liabilities ($853.7K).
Debt to Equity History and Analysis
Debt Level: SHPH has more cash than its total debt.
Reducing Debt: SHPH's debt to equity ratio has reduced from 1892.5% to 18% 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: SHPH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SHPH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.9% each year