Loop Industries Balance Sheet Health
Financial Health criteria checks 6/6
Loop Industries has a total shareholder equity of $14.1M and total debt of $3.3M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $20.6M and $6.4M respectively.
Key information
23.5%
Debt to equity ratio
US$3.32m
Debt
Interest coverage ratio | n/a |
Cash | US$6.96m |
Equity | US$14.14m |
Total liabilities | US$6.41m |
Total assets | US$20.55m |
Recent financial health updates
Is Loop Industries (NASDAQ:LOOP) Using Debt Sensibly?
Mar 21Is 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 26Have Insiders Been Buying Loop Industries, Inc. (NASDAQ:LOOP) Shares?
Dec 04Financial Position Analysis
Short Term Liabilities: LOOP's short term assets ($8.0M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: LOOP's short term assets ($8.0M) exceed its long term liabilities ($4.0M).
Debt to Equity History and Analysis
Debt Level: LOOP has more cash than its total debt.
Reducing Debt: LOOP's debt to equity ratio has reduced from 252.9% to 23.5% 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 sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LOOP is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.