Accuray Balance Sheet Health
Financial Health criteria checks 4/6
Accuray has a total shareholder equity of $41.1M and total debt of $173.5M, which brings its debt-to-equity ratio to 422.3%. Its total assets and total liabilities are $462.5M and $421.4M respectively.
Key information
422.3%
Debt to equity ratio
US$173.49m
Debt
| Interest coverage ratio | n/a |
| Cash | US$60.45m |
| Equity | US$41.08m |
| Total liabilities | US$421.45m |
| Total assets | US$462.53m |
Recent financial health updates
Is Accuray (NASDAQ:ARAY) A Risky Investment?
Feb 03
These 4 Measures Indicate That Accuray (NASDAQ:ARAY) Is Using Debt Extensively
Apr 13Accuray (NASDAQ:ARAY) Takes On Some Risk With Its Use Of Debt
Dec 01Here's Why Accuray (NASDAQ:ARAY) Has A Meaningful Debt Burden
Jul 08Recent updates
Analysts Have Lowered Expectations For Accuray Incorporated (NASDAQ:ARAY) After Its Latest Results
May 04Are Investors Undervaluing Accuray Incorporated (NASDAQ:ARAY) By 25%?
May 03Accuray Getting Very Little Love Ahead Of A Coming Revenue Ramp
Apr 07Is Accuray (NASDAQ:ARAY) A Risky Investment?
Feb 03Why Investors Shouldn't Be Surprised By Accuray Incorporated's (NASDAQ:ARAY) 26% Share Price Plunge
Aug 17These 4 Measures Indicate That Accuray (NASDAQ:ARAY) Is Using Debt Extensively
Apr 13The Return Trends At Accuray (NASDAQ:ARAY) Look Promising
Mar 14Accuray (NASDAQ:ARAY) Takes On Some Risk With Its Use Of Debt
Dec 01Accuray (NASDAQ:ARAY) Is Doing The Right Things To Multiply Its Share Price
Oct 27Accuray launches CyberKnife platform in Africa for cancer patients
Sep 30Accuray GAAP EPS of -$0.04 beats by $0.03, revenue of $110.02M beats by $4.7M
Aug 10Here's Why Accuray (NASDAQ:ARAY) Has A Meaningful Debt Burden
Jul 08Accuray (NASDAQ:ARAY) Might Have The Makings Of A Multi-Bagger
Jun 15Accuray: Nothing Special
May 31Accuray Once Again Hits The Reset Button On Its Progress
Feb 09A Look At The Fair Value Of Accuray Incorporated (NASDAQ:ARAY)
Jan 28Returns Are Gaining Momentum At Accuray (NASDAQ:ARAY)
Jan 08More Progress Evident At Accuray, But Sustainability And Follow-Through Remain Key
Nov 30Accuray (NASDAQ:ARAY) Is Looking To Continue Growing Its Returns On Capital
Sep 28Accuray: As Usual, Two Steps Forward, One-And-Three-Quarters Steps Back
Aug 20Financial Position Analysis
Short Term Liabilities: ARAY's short term assets ($313.9M) exceed its short term liabilities ($198.4M).
Long Term Liabilities: ARAY's short term assets ($313.9M) exceed its long term liabilities ($223.1M).
Debt to Equity History and Analysis
Debt Level: ARAY's net debt to equity ratio (275.2%) is considered high.
Reducing Debt: ARAY's debt to equity ratio has increased from 306.3% to 422.3% 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 ARAY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ARAY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.2% per year.