Hour Loop Balance Sheet Health
Financial Health criteria checks 4/6
Hour Loop has a total shareholder equity of $5.5M and total debt of $4.8M, which brings its debt-to-equity ratio to 86.6%. Its total assets and total liabilities are $16.7M and $11.2M respectively. Hour Loop's EBIT is $147.0K making its interest coverage ratio 0.6. It has cash and short-term investments of $2.9M.
Key information
86.6%
Debt to equity ratio
US$4.80m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$2.92m |
| Equity | US$5.54m |
| Total liabilities | US$11.21m |
| Total assets | US$16.75m |
Recent financial health updates
Recent updates
Positive Sentiment Still Eludes Hour Loop, Inc. (NASDAQ:HOUR) Following 27% Share Price Slump
Apr 26
Would Hour Loop (NASDAQ:HOUR) Be Better Off With Less Debt?
Apr 08Hour Loop, Inc. (NASDAQ:HOUR) Could Be Riskier Than It Looks
Feb 15Hour Loop, Inc.'s (NASDAQ:HOUR) Shares Climb 31% But Its Business Is Yet to Catch Up
Dec 06Weak Statutory Earnings May Not Tell The Whole Story For Hour Loop (NASDAQ:HOUR)
Aug 19Hour Loop GAAP EPS of -$0.01, revenue of $14.8M
Aug 12I Wouldn't Short Sell Hour Loop
Mar 08Financial Position Analysis
Short Term Liabilities: HOUR's short term assets ($15.5M) exceed its short term liabilities ($7.0M).
Long Term Liabilities: HOUR's short term assets ($15.5M) exceed its long term liabilities ($4.2M).
Debt to Equity History and Analysis
Debt Level: HOUR's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HOUR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HOUR's debt is well covered by operating cash flow (35.8%).
Interest Coverage: HOUR's interest payments on its debt are not well covered by EBIT (0.6x coverage).