Soligenix Inc (SNGX)

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How Strong Is Soligenix's Balance Sheet?
We can see from the most recent balance sheet that Soligenix had liabilities of US$4.80m falling due within a year, and liabilities of US$9.87m due beyond that. On the other hand, it had cash of US$28.9m and US$148.0k worth of receivables due within a year. So it actually has US$14.4m more liquid assets than total liabilities.

This excess liquidity is a great indication that Soligenix's balance sheet is almost as strong as Fort Knox. Having regard to this fact, we think its balance sheet is as strong as an ox. Simply put, the fact that Soligenix has more cash than debt is arguably a good indication that it can manage its debt safely. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Soligenix's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-sngx/soligenix/news/is-soligenix-nasdaqsngx-using-too-much-debt

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