NovaBay Pharmaceuticals - NBY Total Debt to Capital

The share price of NovaBay Pharmaceuticals (NBY) visualized below demonstrates a total debt-to-equity ratio of 0.59. NovaBay Pharmaceuticals maintains a core staff of biochemists and is recruiting new sales representatives. The business is based on outsourcing the production of ophthalmological solutions through US partners in compliance with GMP. Revenue is generated through the sale of dermatological and ophthalmic products via pharmacies and prescription orders.
Analytical breakdowns and data insights for company NovaBay Pharmaceuticals, Inc. (NBY)

The total debt-to-equity ratio measures the proportion of borrowed funds relative to equity, determining the degree of financial leverage and the balance sheet's resilience to rising interest rates. Analyzing the trend of the debt dependency ratio allows for an assessment of how low capital expenditures and stable cash flow from Avenova sales protect NovaBay Pharmaceuticals (NBY) from credit risks.