Loop Energy Balance Sheet Health
Financial Health criteria checks 2/6
Loop Energy has a total shareholder equity of CA$6.4M and total debt of CA$6.3M, which brings its debt-to-equity ratio to 98.2%. Its total assets and total liabilities are CA$22.0M and CA$15.6M respectively.
Key information
98.2%
Debt to equity ratio
CA$6.25m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.94m |
| Equity | CA$6.37m |
| Total liabilities | CA$15.61m |
| Total assets | CA$21.98m |
Financial Position Analysis
Short Term Liabilities: LPEN's short term assets (CA$5.1M) exceed its short term liabilities (CA$4.7M).
Long Term Liabilities: LPEN's short term assets (CA$5.1M) do not cover its long term liabilities (CA$10.9M).
Debt to Equity History and Analysis
Debt Level: LPEN's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: LPEN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LPEN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LPEN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.9% each year