Liquidia Balance Sheet Health
Financial Health criteria checks 4/6
Liquidia has a total shareholder equity of $108.6M and total debt of $177.9M, which brings its debt-to-equity ratio to 163.8%. Its total assets and total liabilities are $401.5M and $293.0M respectively. Liquidia's EBIT is $45.6M making its interest coverage ratio 2.4. It has cash and short-term investments of $222.8M.
Key information
163.81%
Debt to equity ratio
US$177.87m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$222.79m |
| Equity | US$108.58m |
| Total liabilities | US$292.95m |
| Total assets | US$401.53m |
Financial Position Analysis
Short Term Liabilities: LQDA's short term assets ($333.1M) exceed its short term liabilities ($149.7M).
Long Term Liabilities: LQDA's short term assets ($333.1M) exceed its long term liabilities ($143.2M).
Debt to Equity History and Analysis
Debt Level: LQDA has more cash than its total debt.
Reducing Debt: LQDA's debt to equity ratio has increased from 16.2% to 163.8% over the past 5 years.
Debt Coverage: LQDA's debt is well covered by operating cash flow (27%).
Interest Coverage: LQDA's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 01:23 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
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 Github.
Analyst Sources
Liquidia Corporation is covered by 16 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 |
|---|---|
| Jason Matthew Gerberry | BofA Global Research |
| Julian Harrison | BTIG |
| Andrew Fein | H.C. Wainwright & Co. |