Aspen Aerogels Balance Sheet Health

Financial Health criteria checks 4/6

Aspen Aerogels has a total shareholder equity of $491.2M and total debt of $118.0M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are $698.0M and $206.8M respectively.

Key information

24.0%

Debt to equity ratio

US$118.03m

Debt

Interest coverage ration/a
CashUS$101.46m
EquityUS$491.20m
Total liabilitiesUS$206.79m
Total assetsUS$697.99m

Recent financial health updates

Recent updates

Health Check: How Prudently Does Aspen Aerogels (NYSE:ASPN) Use Debt?

Apr 05
Health Check: How Prudently Does Aspen Aerogels (NYSE:ASPN) Use Debt?

Aspen Aerogels: Impressive And Intriguing

Mar 25

Aspen Aerogels, Inc. (NYSE:ASPN) Looks Just Right With A 53% Price Jump

Mar 08
Aspen Aerogels, Inc. (NYSE:ASPN) Looks Just Right With A 53% Price Jump

Analysts Have Made A Financial Statement On Aspen Aerogels, Inc.'s (NYSE:ASPN) Full-Year Report

Feb 15
Analysts Have Made A Financial Statement On Aspen Aerogels, Inc.'s (NYSE:ASPN) Full-Year Report

Powering Up The EV Market: Mini Deep Dive On Aspen Aerogels

Jan 08

Why Investors Shouldn't Be Surprised By Aspen Aerogels, Inc.'s (NYSE:ASPN) 40% Share Price Surge

Dec 22
Why Investors Shouldn't Be Surprised By Aspen Aerogels, Inc.'s (NYSE:ASPN) 40% Share Price Surge

Aspen Aerogels: Phoenix Rising - Assessing The Shifts, Challenges, And Potential Future Triumphs

Nov 13

Aspen Aerogels (NYSE:ASPN) Is Making Moderate Use Of Debt

Nov 03
Aspen Aerogels (NYSE:ASPN) Is Making Moderate Use Of Debt

Aspen Aerogels: Margin Expansion But Still A Lot Of Uncertainties

Sep 28

The Price Is Right For Aspen Aerogels, Inc. (NYSE:ASPN) Even After Diving 25%

Aug 12
The Price Is Right For Aspen Aerogels, Inc. (NYSE:ASPN) Even After Diving 25%

Aspen Aerogels: Not Insulating Investors From The Cold

Jun 20

Is Aspen Aerogels (NYSE:ASPN) Weighed On By Its Debt Load?

Feb 26
Is Aspen Aerogels (NYSE:ASPN) Weighed On By Its Debt Load?

Aspen Aerogels Q4 results beat estimates, co guides FY 2023 revenue in-line

Feb 15

Aspen Aerogels: No Reason To Be In A Hurry, Ample Headwinds In 2023

Jan 08

Aspen Aerogels (NYSE:ASPN) Has Debt But No Earnings; Should You Worry?

Oct 27
Aspen Aerogels (NYSE:ASPN) Has Debt But No Earnings; Should You Worry?

Aspen Aerogels reports Q3 earnings miss; narrows FY22 earnings guidance

Oct 27

Is Aspen Aerogels (NYSE:ASPN) A Risky Investment?

Jul 16
Is Aspen Aerogels (NYSE:ASPN) A Risky Investment?

Aspen Aerogels soars ~56% following its decision to not advance with stock and debt offering

Jun 30

Aspen Aerogels: The Next Big Opportunity

Apr 28

Aspen Aerogels: Highly Speculative

Feb 22

Companies Like Aspen Aerogels (NYSE:ASPN) Are In A Position To Invest In Growth

Dec 24
Companies Like Aspen Aerogels (NYSE:ASPN) Are In A Position To Invest In Growth

Financial Position Analysis

Short Term Liabilities: ASPN's short term assets ($255.1M) exceed its short term liabilities ($63.6M).

Long Term Liabilities: ASPN's short term assets ($255.1M) exceed its long term liabilities ($143.2M).


Debt to Equity History and Analysis

Debt Level: ASPN's net debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: ASPN's debt to equity ratio has increased from 5.1% to 24% 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: ASPN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ASPN has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 58.3% each year.


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