Opthea Limited

ASX OPT.AX

Opthea Limited Interest Coverage Ratio for the year ending June 30, 2024: -6.59

Opthea Limited Interest Coverage Ratio is -6.59 for the year ending June 30, 2024, a 40.99% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Opthea Limited Interest Coverage Ratio for the year ending June 30, 2023 was -11.16.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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SV Wall Street
ASX: OPT.AX

Opthea Limited

CEO Dr. Frederic Guerard M.S., Pharm.D.
IPO Date Jan. 31, 1988
Location Australia
Headquarters 650 Chapel Street
Employees 33
Sector Consumer Discretionary
Industries
Description

Opthea Limited, a clinical stage biopharmaceutical company, develops and commercializes therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) VEGF-C, VEGF-D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage. Its lead asset is OPT 302, a soluble form of VEGFR 3 in clinical development as a novel therapy for wet neovascular age related macular degeneration and diabetic macular edema (DME), as well as a first in class VEGF-C/D inhibitors for treatment with VEGF-A inhibitors to treat wet neovascular AMD and other retinal diseases. The company was formerly known as Circadian Technologies Limited and changed its name to Opthea Limited in December 2015. Opthea Limited was incorporated in 1984 and is based in South Yarra, Australia.

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