Loop Industries Balance Sheet Health
Financial Health criteria checks 0/6
Loop Industries has a total shareholder equity of $4.8M and total debt of $4.9M, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are $15.0M and $10.2M respectively.
Key information
101.2%
Debt to equity ratio
US$4.89m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.40m |
| Equity | US$4.83m |
| Total liabilities | US$10.17m |
| Total assets | US$15.00m |
Recent financial health updates
Is Loop Industries (NASDAQ:LOOP) Using Debt Sensibly?
Mar 21
Is Loop Industries (NASDAQ:LOOP) A Risky Investment?
Oct 31Health Check: How Prudently Does Loop Industries (NASDAQ:LOOP) Use Debt?
Jul 31Loop Industries (NASDAQ:LOOP) Has Debt But No Earnings; Should You Worry?
Mar 16Health Check: How Prudently Does Loop Industries (NASDAQ:LOOP) Use Debt?
Nov 19Is Loop Industries (NASDAQ:LOOP) Using Debt In A Risky Way?
Jun 26Recent updates
Is Loop Industries (NASDAQ:LOOP) Using Debt Sensibly?
Mar 21Loop Industries: Owning It Can Be Risky
Feb 07Is Loop Industries (NASDAQ:LOOP) A Risky Investment?
Oct 31Health Check: How Prudently Does Loop Industries (NASDAQ:LOOP) Use Debt?
Jul 31Loop Industries (NASDAQ:LOOP) Has Debt But No Earnings; Should You Worry?
Mar 16Health Check: How Prudently Does Loop Industries (NASDAQ:LOOP) Use Debt?
Nov 19Loop Industries reports Q2 results
Oct 12Loop Industries GAAP EPS of -$0.38
Jul 14Is Loop Industries (NASDAQ:LOOP) Using Debt In A Risky Way?
Jun 26Is Loop Industries (NASDAQ:LOOP) Using Debt Sensibly?
Mar 10Is Loop Industries (NASDAQ:LOOP) Using Debt In A Risky Way?
Oct 26Loop Industries CEO Daniel Solomita - Revolutionizing Global Plastic Crisis (Video)
Sep 09Loop Industries reports Q4 results
Jun 01Have Insiders Been Buying Loop Industries, Inc. (NASDAQ:LOOP) Shares This Year?
Mar 19Could The Loop Industries, Inc. (NASDAQ:LOOP) Ownership Structure Tell Us Something Useful?
Jan 26
Have Insiders Been Buying Loop Industries, Inc. (NASDAQ:LOOP) Shares?
Dec 04Financial Position Analysis
Short Term Liabilities: LOOP's short term assets ($2.4M) do not cover its short term liabilities ($4.9M).
Long Term Liabilities: LOOP's short term assets ($2.4M) do not cover its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: LOOP's net debt to equity ratio (72.3%) is considered high.
Reducing Debt: LOOP's debt to equity ratio has increased from 13.3% to 101.2% 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: LOOP has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LOOP has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.1% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/02/29 |
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 |
| |
| 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
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
Loop Industries, Inc. is covered by 9 analysts. 4 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 |
|---|---|
| Mahaut Arnaud | Bryan Garnier & Co |
| Hazim Bahari | CFRA Equity Research |
| Nicholas Boychuk | Cormark Securities Inc. |