Aspen Aerogels Balance Sheet Health
Financial Health criteria checks 5/6
Aspen Aerogels has a total shareholder equity of $305.7M and total debt of $110.3M, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are $491.4M and $185.7M respectively. Aspen Aerogels's EBIT is $11.5M making its interest coverage ratio 1. It has cash and short-term investments of $150.7M.
Key information
36.09%
Debt to equity ratio
US$110.34m
Debt
| Interest coverage ratio | 1x |
| Cash | US$150.72m |
| Equity | US$305.73m |
| Total liabilities | US$185.66m |
| Total assets | US$491.40m |
Recent financial health updates
Is Aspen Aerogels (NYSE:ASPN) A Risky Investment?
Jul 09
Aspen Aerogels (NYSE:ASPN) Has A Pretty Healthy Balance Sheet
Apr 01We Think Aspen Aerogels (NYSE:ASPN) Has A Fair Chunk Of Debt
Jul 21Health Check: How Prudently Does Aspen Aerogels (NYSE:ASPN) Use Debt?
Apr 05Recent updates
Aspen Aerogels (NYSE:ASPN) Might Have The Makings Of A Multi-Bagger
Dec 04Aspen Aerogels: No Insulation For Investors
Nov 08Optimistic Investors Push Aspen Aerogels, Inc. (NYSE:ASPN) Shares Up 27% But Growth Is Lacking
Oct 11Aspen Aerogels, Inc. (NYSE:ASPN) Analysts Are Pretty Bullish On The Stock After Recent Results
Aug 09Aspen Aerogels, Inc.'s (NYSE:ASPN) Shares Climb 28% But Its Business Is Yet to Catch Up
Aug 06Is Aspen Aerogels (NYSE:ASPN) A Risky Investment?
Jul 09Aspen Aerogels, Inc.'s (NYSE:ASPN) 29% Share Price Surge Not Quite Adding Up
Jun 11Not Many Are Piling Into Aspen Aerogels, Inc. (NYSE:ASPN) Stock Yet As It Plummets 30%
Apr 17Aspen Aerogels (NYSE:ASPN) Has A Pretty Healthy Balance Sheet
Apr 01Aspen Aerogels: Tariffs, Tesla And The Silver Lining
Mar 31Positive Sentiment Still Eludes Aspen Aerogels, Inc. (NYSE:ASPN) Following 34% Share Price Slump
Feb 28Aspen Aerogels: Insulation Play Leaves Investors In The Cold
Feb 14Aspen Aerogels (NYSE:ASPN) Is Looking To Continue Growing Its Returns On Capital
Feb 14Aspen Aerogels: There Are Reasons To Be Careful But It's So Cheap
Dec 23Aspen Aerogels: Thermal Barriers Could Sustain Further Growth Despite A Chilly Market
Dec 02Aspen Aerogels: Despite Recent Pressure, This Is Intriguing
Nov 17With A 32% Price Drop For Aspen Aerogels, Inc. (NYSE:ASPN) You'll Still Get What You Pay For
Nov 07Aspen Aerogels: Interesting Times
Oct 28Aspen Aerogels (NYSE:ASPN) Is Looking To Continue Growing Its Returns On Capital
Oct 17Aspen Aerogels: Current Valuation Is Not A Good Risk/Reward
Sep 26Aspen Aerogels: Management Guidance Remains Very Conservative
Sep 18
Decisive Expansion And EV Innovations Propel Aerogel Giant Towards Financial Triumph
Expansion of production capacity and strategic financial management shows promise for significant revenue growth and improved net income through cost efficiency.Why Investors Shouldn't Be Surprised By Aspen Aerogels, Inc.'s (NYSE:ASPN) 32% Share Price Surge
Aug 24Investors Shouldn't Be Too Comfortable With Aspen Aerogels' (NYSE:ASPN) Earnings
Aug 15Aspen Aerogels: Impressive, But Some Questions As Well
Aug 12We Think Aspen Aerogels (NYSE:ASPN) Has A Fair Chunk Of Debt
Jul 21Aspen Aerogels: Moving Towards Profitability
Jul 12Aspen Aerogels, Inc.'s (NYSE:ASPN) Popularity With Investors Is Clear
Jun 24Health Check: How Prudently Does Aspen Aerogels (NYSE:ASPN) Use Debt?
Apr 05Financial Position Analysis
Short Term Liabilities: ASPN's short term assets ($278.9M) exceed its short term liabilities ($70.7M).
Long Term Liabilities: ASPN's short term assets ($278.9M) exceed its long term liabilities ($114.9M).
Debt to Equity History and Analysis
Debt Level: ASPN has more cash than its total debt.
Reducing Debt: ASPN's debt to equity ratio has increased from 6% to 36.1% 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: Whilst unprofitable ASPN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASPN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/04 06:30 |
| End of Day Share Price | 2025/12/04 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| 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.
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 Github.
Analyst Sources
Aspen Aerogels, Inc. is covered by 18 analysts. 7 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 |
|---|---|
| Benjamin Kallo | Baird |
| J. David Anderson | Barclays |
| J. David Anderson | Barclays |