Purple Innovation Balance Sheet Health
Financial Health criteria checks 4/6
Purple Innovation has a total shareholder equity of $115.6M and total debt of $30.1M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are $390.6M and $275.0M respectively.
Key information
26.1%
Debt to equity ratio
US$30.12m
Debt
| Interest coverage ratio | n/a |
| Cash | US$26.86m |
| Equity | US$115.61m |
| Total liabilities | US$275.02m |
| Total assets | US$390.63m |
Recent financial health updates
Recent updates
Purple 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 21
Purple 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 19Should You Think About Buying Purple Innovation, Inc. (NASDAQ:PRPL) Now?
May 10Purple Innovation: The Prognosis After Much Uncertainty
Feb 06Purple Innovation Stock: Upside On Reset Expectations
Jan 29Financial Position Analysis
Short Term Liabilities: PRPL's short term assets ($141.8M) exceed its short term liabilities ($111.0M).
Long Term Liabilities: PRPL's short term assets ($141.8M) do not cover its long term liabilities ($164.0M).
Debt to Equity History and Analysis
Debt Level: PRPL's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: PRPL 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: PRPL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PRPL has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 27.2% each year.