Illumina Balance Sheet Health
Financial Health criteria checks 3/6
Illumina has a total shareholder equity of $2.1B and total debt of $2.0B, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are $6.0B and $3.9B respectively. Illumina's EBIT is $338.0M making its interest coverage ratio 7.3. It has cash and short-term investments of $939.0M.
Key information
93.6%
Debt to equity ratio
US$1.99b
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$939.00m |
| Equity | US$2.13b |
| Total liabilities | US$3.89b |
| Total assets | US$6.01b |
Recent financial health updates
We Think Illumina (NASDAQ:ILMN) Can Stay On Top Of Its Debt
Oct 21
Would Illumina (NASDAQ:ILMN) Be Better Off With Less Debt?
Jan 26Recent updates
Illumina And Grail In 2025? Grounds For Optimism, If Mistakes Aren't Repeated
Dec 19What Does Illumina, Inc.'s (NASDAQ:ILMN) Share Price Indicate?
Dec 12Calculating The Intrinsic Value Of Illumina, Inc. (NASDAQ:ILMN)
Nov 24Illumina: Q3 Confirms Improving Fundamentals
Nov 05We Think Illumina (NASDAQ:ILMN) Can Stay On Top Of Its Debt
Oct 21Illumina Sees The Light: GRAIL Is Gone, Focus Restored (Rating Upgrade)
Aug 21Illumina: Strengthening Competitive Position, Relevance And A Very Compelling Valuation
Jul 23Illumina, Inc.'s (NASDAQ:ILMN) Share Price Could Signal Some Risk
Jul 01Illumina: Marriage Made In Hell Is (Finally) Over - Assessing Impact Of GRAIL Spin-Out
Jun 28Should You Investigate Illumina, Inc. (NASDAQ:ILMN) At US$106?
May 26Illumina: Expect A Slow Rebound
May 07Calculating The Fair Value Of Illumina, Inc. (NASDAQ:ILMN)
Apr 26Revenues Not Telling The Story For Illumina, Inc. (NASDAQ:ILMN)
Mar 20Illumina: Stagnant Revenues And Shrinking Margins Amidst Rising Competition
Feb 23Would Illumina (NASDAQ:ILMN) Be Better Off With Less Debt?
Jan 26Illumina: Volatility Galore, But Not Much Prospect Of Progress In 2024
Jan 19Financial Position Analysis
Short Term Liabilities: ILMN's short term assets ($2.4B) exceed its short term liabilities ($975.0M).
Long Term Liabilities: ILMN's short term assets ($2.4B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: ILMN's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: ILMN's debt to equity ratio has increased from 25.5% to 93.6% 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 ILMN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ILMN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 27.6% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
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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
Illumina, Inc. is covered by 58 analysts. 24 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 |
|---|---|
| Jasper Hellweg | Argus Research Company |
| James Francis Mainwaring | Atlantic Equities LLP |
| Catherine Ramsey Schulte | Baird |