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Lucira Health Balance Sheet Health
Financial Health criteria checks 3/6
Lucira Health has a total shareholder equity of $60.9M and total debt of $29.4M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are $189.2M and $128.3M respectively.
Key information
48.3%
Debt to equity ratio
US$29.41m
Debt
| Interest coverage ratio | n/a |
| Cash | US$39.77m |
| Equity | US$60.89m |
| Total liabilities | US$128.30m |
| Total assets | US$189.19m |
Recent financial health updates
Recent updates
Lucira Health reports early data for point of care chlamydia and gonorrhea assays
Sep 29Lucira COVID & Flu test gets emergency use authorization from Health Canada
Aug 11Lucira Health Sees Strong Revenue Growth But Needs More Cash
Mar 10Analysts' Revenue Estimates For Lucira Health, Inc. (NASDAQ:LHDX) Are Surging Higher
Nov 25
Is Lucira Health (NASDAQ:LHDX) In A Good Position To Invest In Growth?
Jun 29Lucira Health appoints medtech veteran Kevin Collins as CRO
May 28Health Canada issues 'authorization with conditions' for Lucira's COVID-19 test kit
Apr 26Financial Position Analysis
Short Term Liabilities: LHDX.Q's short term assets ($120.5M) exceed its short term liabilities ($82.5M).
Long Term Liabilities: LHDX.Q's short term assets ($120.5M) exceed its long term liabilities ($45.8M).
Debt to Equity History and Analysis
Debt Level: LHDX.Q has more cash than its total debt.
Reducing Debt: Insufficient data to determine if LHDX.Q's debt to equity ratio has reduced 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: Insufficient data to determine if LHDX.Q has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LHDX.Q 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/04 19:33 |
| End of Day Share Price | 2023/10/04 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Lucira Health, Inc. is covered by 3 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derik de Bruin | BofA Global Research |
| David Sherman | LifeSci Capital, LLC |
| Brian Weinstein | William Blair & Company L.L.C. |