Purple Innovation Balance Sheet Health
Financial Health criteria checks 2/6
Purple Innovation has a total shareholder equity of $28.0M and total debt of $52.9M, which brings its debt-to-equity ratio to 188.9%. Its total assets and total liabilities are $309.3M and $281.3M respectively.
Key information
188.9%
Debt to equity ratio
US$52.92m
Debt
| Interest coverage ratio | n/a |
| Cash | US$23.40m |
| Equity | US$28.01m |
| Total liabilities | US$281.26m |
| Total assets | US$309.27m |
Recent financial health updates
Recent updates
Purple Innovation, Inc.'s (NASDAQ:PRPL) Price Is Right But Growth Is Lacking
Oct 02
Purple Innovation: Uncertainty Remains
Sep 24Purple Innovation: Shares Unlikely To Wake Up
Apr 05Purple appoints Keira Krausz as chief marketing officer
Oct 18Purple surges 28% after holder Coliseum Capital offers to buy for $4.35/share
Sep 19Purple Innovation acquires sleep and health wellness firm in all-stock deal
Sep 01When Should You Buy Purple Innovation, Inc. (NASDAQ:PRPL)?
Aug 21Purple Innovation falls 14% on Q2 result miss, lowers 2022 sales guidance
Aug 09Sleep Number And Purple Innovation: A Pair Trade Idea
Jun 28Is Purple Innovation (NASDAQ:PRPL) A Risky Investment?
Jun 14Purple Innovation: In For A Hard Time
May 19Financial Position Analysis
Short Term Liabilities: PRPL's short term assets ($123.2M) exceed its short term liabilities ($94.5M).
Long Term Liabilities: PRPL's short term assets ($123.2M) do not cover its long term liabilities ($186.8M).
Debt to Equity History and Analysis
Debt Level: PRPL's net debt to equity ratio (105.4%) is considered high.
Reducing Debt: PRPL's debt to equity ratio has reduced from 441.3% to 188.9% 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: PRPL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PRPL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.