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