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Cidara Therapeutics has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate Cidara Therapeutics's interest coverage with the available data. Cidara Therapeutics's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.07. As of today, Cidara Therapeutics's Altman Z-Score is -9.02.
For the Biotechnology subindustry, Cidara Therapeutics's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Cidara Therapeutics's Financial Strength distribution charts can be found below:
* The bar in red indicates where Cidara Therapeutics's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Cidara Therapeutics's Interest Expense for the months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was $-6.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.58 Mil.
Cidara Therapeutics's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Cidara Therapeutics's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Cidara Therapeutics Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Cidara Therapeutics's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.3 | + | 3.577) | / | 70.332 | |
= | 0.07 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Cidara Therapeutics has a Z-score of -9.02, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -9.02 is in distress zone. This implies bankruptcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cidara Therapeutics (NAS:CDTX) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Cidara Therapeutics has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Cidara Therapeutics's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Leslie Tari | officer: Chief Scientific Officer | C/O CIDARA THERAPEUTICS, INC., 6310 NANCY RIDGE DR SUITE 101, SAN DIEGO CA 92121 |
Taylor Sandison | officer: Chief Medical Officer | 6310 NANCY RIDGE DRIVE, SAN DIEGO CA 92121 |
Jeffrey Stein | director, officer: President & CEO | 6310 NANCY RIDGE DRIVE, SUITE 101, SAN DIEGO CA 92121 |
Shane Ward | officer: CHIEF LEGAL OFFICER | C/O VERSARTIS, INC., 4200 BOHANNON DR., SUITE 250, MENLO PARK CA 94025 |
Preetam Shah | officer: CFO & CBO | C/O BRAINSTORM CELL THERAPEUTICS, INC., 1325 AVENUE OF AMERICAS, 28TH FLR., NEW YORK NY 10019 |
Paul Daruwala | officer: Chief Medical Officer | 6310 NANCY RIDGE DR, SAN DIEGO CA 92121 |
Brady Johnson | officer: Dir. of Finance & Controller | 6310 NANCY RIDGE DRIVE, SAN DIEGO CA 92121 |
Timothy R Franson | director | 320 WAKARA WAY, SALT LAKE CITY UT 84108 |
Carin Canale-theakston | director | C/O CIDARA THERAPEUTICS, INC., 6310 NANCY RIDGE DR STE 101 CA 92121 |
Bonnie L Bassler | director | REGENERON PHARMACEUTICALS, INC., 777 OLD SAW MILL RIVER ROAD, TARRYTOWN NY 10591 |
James E. Levine | officer: Chief Financial Officer | 55 CAMBRIDGE PARKWAY, 8TH FLOOR, CAMBRIDGE MA 02142 |
Theodore R Schroeder | director | 12481 HIGH BLUFF DRIVE, SUITE 200, SAN DIEGO CA 92130 |
Chrysa Mineo | director | 10835 ROAD TO THE CURE, SUITE 205, SAN DIEGO CA 92121 |
David L Gollaher | director | 6310 NANCY RIDGE DR, SAN DIEGO CA 92121 |
Daniel D Burgess | director | C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121 |
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