ViewRay Balance Sheet Health

Financial Health criteria checks 3/6

ViewRay has a total shareholder equity of $55.3M and total debt of $77.8M, which brings its debt-to-equity ratio to 140.7%. Its total assets and total liabilities are $233.2M and $177.9M respectively.

Key information

140.7%

Debt to equity ratio

US$77.76m

Debt

Interest coverage ration/a
CashUS$81.29m
EquityUS$55.26m
Total liabilitiesUS$177.90m
Total assetsUS$233.16m

Recent financial health updates

Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

Dec 24
Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

Recent updates

Market Cool On ViewRay, Inc.'s (NASDAQ:VRAY) Revenues Pushing Shares 63% Lower

Apr 17
Market Cool On ViewRay, Inc.'s (NASDAQ:VRAY) Revenues Pushing Shares 63% Lower

Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

Dec 24
Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

ViewRay MRI-guided radiation therapy selected by SUNY upstate cancer center

Oct 06

ViewRay's MRI-guided radiation therapy gets approval in China

Sep 07

ViewRay MRI-guided radiation therapy selected by VA Houston Healthcare System

Aug 23

ViewRay: Insider Buying In This $3 Stock

May 15

Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

Apr 22
Health Check: How Prudently Does ViewRay (NASDAQ:VRAY) Use Debt?

Is ViewRay (NASDAQ:VRAY) Using Debt Sensibly?

Aug 09
Is ViewRay (NASDAQ:VRAY) Using Debt Sensibly?

ViewRay, Inc. 2021 Q1 - Results - Earnings Call Presentation

May 08

Read This Before Selling ViewRay, Inc. (NASDAQ:VRAY) Shares

Mar 03
Read This Before Selling ViewRay, Inc. (NASDAQ:VRAY) Shares

How Many ViewRay, Inc. (NASDAQ:VRAY) Shares Do Institutions Own?

Jan 27
How Many ViewRay, Inc. (NASDAQ:VRAY) Shares Do Institutions Own?

ViewRay rallies premarket on Q4 preliminary revenue

Jan 04

ViewRay's (NASDAQ:VRAY) Stock Price Has Reduced 56% In The Past Three Years

Dec 22
ViewRay's (NASDAQ:VRAY) Stock Price Has Reduced 56% In The Past Three Years

ViewRay +10.6% on CEO acquiring shares

Nov 12

Financial Position Analysis

Short Term Liabilities: VRAY.Q's short term assets ($193.6M) exceed its short term liabilities ($166.8M).

Long Term Liabilities: VRAY.Q's short term assets ($193.6M) exceed its long term liabilities ($11.1M).


Debt to Equity History and Analysis

Debt Level: VRAY.Q has more cash than its total debt.

Reducing Debt: VRAY.Q's debt to equity ratio has increased from 77.3% to 140.7% 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: VRAY.Q has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VRAY.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2% each year


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/26 00:17
End of Day Share Price 2023/10/26 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

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

ViewRay, Inc. is covered by 12 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason BednarBaird
Andrew D'SilvaB. Riley Securities, Inc.
Michael GormanBTIG