Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Elites financials are better then almost any pharma you will look at. It is kind of nuts. Their debt is basically their mortgage, and loans from the CEO to support growth/cash flow. Debt to asset was .2 which is also ridiculous. Anytime i look at a pharma, the amount of debt they have to service is almost always substantial.

Debt isn't always a bad thing. In fact many are quite fond if it when its promoting growth but lack of debt is even better while still promoting incredible growth.

The other nice piece is they ran such deficits as an R&D that they have in the neighborhood of $100m in tax write-offs to use.