FARO Technologies Balance Sheet Health
Financial Health criteria checks 5/6
FARO Technologies has a total shareholder equity of $256.6M and total debt of $70.0M, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are $481.1M and $224.5M respectively. FARO Technologies's EBIT is $3.5M making its interest coverage ratio 1.1. It has cash and short-term investments of $97.9M.
Key information
27.3%
Debt to equity ratio
US$69.98m
Debt
Interest coverage ratio | 1.1x |
Cash | US$97.91m |
Equity | US$256.60m |
Total liabilities | US$224.49m |
Total assets | US$481.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FT1's short term assets ($247.7M) exceed its short term liabilities ($106.3M).
Long Term Liabilities: FT1's short term assets ($247.7M) exceed its long term liabilities ($118.2M).
Debt to Equity History and Analysis
Debt Level: FT1 has more cash than its total debt.
Reducing Debt: FT1's debt to equity ratio has increased from 0% to 27.3% 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 FT1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FT1 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 33.3% per year.