CERSCerus Corporation
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -86% · now 31% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CERS take a bad year?
Cerus Corporation carries $39M of net debt at 587× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 587×
Net debt / EBITDA
- Cash runway
- 5+ years
Cash runway · burning $457K a quarter at the current rate
- Annualised volatility
- 71%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $95M
- Cash and short-term investments
- $56M
- Net debt
- $39M
- EBITDA, trailing twelve months
- $66K
- Operating profit, trailing twelve months
- −$1.6M
- Debt / equity
- 1.36×
- Total debt / EBITDA
- 1439×
- Annualised volatilitytwo years of daily moves
- 71%
- Worst drawdown on file
- −86%
- Below its 52-week high
- 31%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.