Mesa Laboratories Balance Sheet Health
Financial Health criteria checks 2/6
Mesa Laboratories has a total shareholder equity of $161.5M and total debt of $205.0M, which brings its debt-to-equity ratio to 127%. Its total assets and total liabilities are $454.1M and $292.6M respectively. Mesa Laboratories's EBIT is $14.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $26.0M.
Key information
127.0%
Debt to equity ratio
US$204.98m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$26.00m |
| Equity | US$161.45m |
| Total liabilities | US$292.65m |
| Total assets | US$454.10m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLI's short term assets ($108.0M) do not cover its short term liabilities ($153.2M).
Long Term Liabilities: MLI's short term assets ($108.0M) do not cover its long term liabilities ($139.4M).
Debt to Equity History and Analysis
Debt Level: MLI's net debt to equity ratio (110.9%) is considered high.
Reducing Debt: MLI's debt to equity ratio has increased from 60.1% to 127% over the past 5 years.
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: Whilst unprofitable MLI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MLI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 09:31 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mesa Laboratories, Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vijay Kumar | Evercore ISI |
| Paul Knight | Janney Montgomery Scott LLC |
| Tycho Peterson | Jefferies LLC |