Summit Therapeutics Balance Sheet Health
Financial Health criteria checks 5/6
Summit Therapeutics has a total shareholder equity of $77.7M and total debt of $100.0M, which brings its debt-to-equity ratio to 128.7%. Its total assets and total liabilities are $202.9M and $125.3M respectively.
Key information
128.7%
Debt to equity ratio
US$100.00m
Debt
Interest coverage ratio | n/a |
Cash | US$186.24m |
Equity | US$77.69m |
Total liabilities | US$125.26m |
Total assets | US$202.95m |
Recent financial health updates
We're Hopeful That Summit Therapeutics (NASDAQ:SMMT) Will Use Its Cash Wisely
Dec 29Here's Why We're Watching Summit Therapeutics' (NASDAQ:SMMT) Cash Burn Situation
Apr 29Recent updates
Summit Therapeutics: A Strategic Analysis Of Ivonescimab's Progress
Jan 30We're Hopeful That Summit Therapeutics (NASDAQ:SMMT) Will Use Its Cash Wisely
Dec 29Summit Therapeutics slips on plans to terminate study for lead candidate
Oct 04Summit Therapeutics: Developing Antibiotics Is A Noble Cause But The Company Is Wise To Expand Its Portfolio
Aug 17Summit Therapeutics GAAP EPS of -$0.17, revenue of $0.23M
Aug 11Summit to explore additional trial for its bacteria-induced colon infection drug
Jul 14Here's Why We're Watching Summit Therapeutics' (NASDAQ:SMMT) Cash Burn Situation
Apr 29Summit Therapeutics - Disappointing Data But Not An Outright Failure
Dec 23Summit Therapeutics: A Full Investment Analysis Of This Antibiotic Innovator
Jun 22Summit Therapeutics to join Russell 3000 Index
Jun 08Financial Position Analysis
Short Term Liabilities: SMMT's short term assets ($189.7M) exceed its short term liabilities ($20.4M).
Long Term Liabilities: SMMT's short term assets ($189.7M) exceed its long term liabilities ($104.9M).
Debt to Equity History and Analysis
Debt Level: SMMT has more cash than its total debt.
Reducing Debt: SMMT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: SMMT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SMMT has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 39.4% each year.