Hour Loop Balance Sheet Health
Financial Health criteria checks 3/6
Hour Loop has a total shareholder equity of $6.7M and total debt of $4.8M, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are $32.4M and $25.7M respectively. Hour Loop's EBIT is $2.6M making its interest coverage ratio 10.3. It has cash and short-term investments of $1.2M.
Key information
71.8%
Debt to equity ratio
US$4.80m
Debt
| Interest coverage ratio | 10.3x |
| Cash | US$1.19m |
| Equity | US$6.69m |
| Total liabilities | US$25.72m |
| Total assets | US$32.40m |
Recent financial health updates
Hour Loop (NASDAQ:HOUR) Takes On Some Risk With Its Use Of Debt
Dec 20
We Think Hour Loop (NASDAQ:HOUR) Can Stay On Top Of Its Debt
Jul 19Would Hour Loop (NASDAQ:HOUR) Be Better Off With Less Debt?
Apr 08Recent updates
Investors Give Hour Loop, Inc. (NASDAQ:HOUR) Shares A 52% Hiding
Jan 24Hour Loop (NASDAQ:HOUR) Takes On Some Risk With Its Use Of Debt
Dec 20Market Cool On Hour Loop, Inc.'s (NASDAQ:HOUR) Revenues
Nov 14We Think Hour Loop (NASDAQ:HOUR) Can Stay On Top Of Its Debt
Jul 19Positive Sentiment Still Eludes Hour Loop, Inc. (NASDAQ:HOUR) Following 27% Share Price Slump
Apr 26Would 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 ($31.6M) exceed its short term liabilities ($21.5M).
Long Term Liabilities: HOUR's short term assets ($31.6M) exceed its long term liabilities ($4.2M).
Debt to Equity History and Analysis
Debt Level: HOUR's net debt to equity ratio (54%) is considered high.
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 not well covered by operating cash flow (13.6%).
Interest Coverage: HOUR's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 08:56 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| 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.
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
Hour Loop, Inc. is covered by 1 analysts. 0 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 |
|---|---|
| Michael Albanese | D. Boral Capital LLC. |