LM Funding America Balance Sheet Health
Financial Health criteria checks 4/6
LM Funding America has a total shareholder equity of $28.6M and total debt of $6.4M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are $36.5M and $7.9M respectively.
Key information
22.3%
Debt to equity ratio
US$6.36m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.91m |
| Equity | US$28.59m |
| Total liabilities | US$7.94m |
| Total assets | US$36.54m |
Recent financial health updates
Recent updates
LMF Acquisition shareholders approve business combination with SeaStar Medical
Oct 19LM Funding America agrees with Core Scientific to operate 1,200 bitcoin mining machines
Sep 08LM Funding America GAAP EPS of $0.22, revenue of $0.23M
Aug 17LM Funding America trades in red on 1:5 reverse stock split
May 06LM Funding America affiliate sponsors SPAC to be traded as "LMAO"
Jan 08LM Funding bags more contracts with new associations
Dec 17Financial Position Analysis
Short Term Liabilities: LMFA's short term assets ($13.6M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: LMFA's short term assets ($13.6M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: LMFA's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: LMFA's debt to equity ratio has reduced from 90.4% to 22.3% 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: LMFA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LMFA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.2% each year