60 Degrees Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 4/6
60 Degrees Pharmaceuticals has a total shareholder equity of $6.0M and total debt of $156.7K, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are $7.4M and $1.5M respectively.
Key information
2.6%
Debt to equity ratio
US$156.67k
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.01m |
| Equity | US$5.96m |
| Total liabilities | US$1.46m |
| Total assets | US$7.42m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SXTP's short term assets ($6.9M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: SXTP's short term assets ($6.9M) exceed its long term liabilities ($147.9K).
Debt to Equity History and Analysis
Debt Level: SXTP has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SXTP's debt to equity ratio has reduced 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: SXTP has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SXTP has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.6% each year