Purple Innovation, Inc.

NasdaqGS:PRPL Stock Report

Market Cap: US$97.7m

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 ration/a
CashUS$23.40m
EquityUS$28.01m
Total liabilitiesUS$281.26m
Total assetsUS$309.27m

Recent financial health updates

Is Purple Innovation (NASDAQ:PRPL) A Risky Investment?

Jun 14
Is Purple Innovation (NASDAQ:PRPL) A Risky Investment?

Recent updates

Purple Innovation, Inc.'s (NASDAQ:PRPL) Price Is Right But Growth Is Lacking

Oct 02
Purple Innovation, Inc.'s (NASDAQ:PRPL) Price Is Right But Growth Is Lacking

Purple Innovation: Uncertainty Remains

Sep 24

Purple Innovation: Shares Unlikely To Wake Up

Apr 05

Purple appoints Keira Krausz as chief marketing officer

Oct 18

Purple surges 28% after holder Coliseum Capital offers to buy for $4.35/share

Sep 19

Purple Innovation acquires sleep and health wellness firm in all-stock deal

Sep 01

When Should You Buy Purple Innovation, Inc. (NASDAQ:PRPL)?

Aug 21
When Should You Buy Purple Innovation, Inc. (NASDAQ:PRPL)?

Purple Innovation falls 14% on Q2 result miss, lowers 2022 sales guidance

Aug 09

Sleep Number And Purple Innovation: A Pair Trade Idea

Jun 28

Is Purple Innovation (NASDAQ:PRPL) A Risky Investment?

Jun 14
Is Purple Innovation (NASDAQ:PRPL) A Risky Investment?

Purple Innovation: In For A Hard Time

May 19

Financial 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.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 23:28
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Purple Innovation, Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Curtis NagleBofA Global Research
Susan AndersonB. Riley Securities, Inc.
Jeremy HamblinCraig-Hallum Capital Group LLC