FARO Technologies Balance Sheet Health
Financial Health criteria checks 5/6
FARO Technologies has a total shareholder equity of $255.5M and total debt of $70.1M, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are $489.6M and $234.1M respectively. FARO Technologies's EBIT is $10.2M making its interest coverage ratio 3. It has cash and short-term investments of $88.9M.
Key information
27.4%
Debt to equity ratio
US$70.10m
Debt
| Interest coverage ratio | 3x |
| Cash | US$88.91m |
| Equity | US$255.52m |
| Total liabilities | US$234.11m |
| Total assets | US$489.63m |
Recent financial health updates
Health Check: How Prudently Does FARO Technologies (NASDAQ:FARO) Use Debt?
Jul 17
Is FARO Technologies (NASDAQ:FARO) Using Debt In A Risky Way?
Aug 04Recent updates
Improved Revenues Required Before FARO Technologies, Inc. (NASDAQ:FARO) Stock's 47% Jump Looks Justified
Nov 11At US$17.42, Is FARO Technologies, Inc. (NASDAQ:FARO) Worth Looking At Closely?
Aug 26Health Check: How Prudently Does FARO Technologies (NASDAQ:FARO) Use Debt?
Jul 17Lacklustre Performance Is Driving FARO Technologies, Inc.'s (NASDAQ:FARO) Low P/S
Dec 18Is FARO Technologies (NASDAQ:FARO) Using Debt In A Risky Way?
Aug 04FARO Technologies acquires mobile scanning firm GeoSLAM in cash-and-stock deal
Sep 01FARO Technologies Needs A Break
Jun 24Financial Position Analysis
Short Term Liabilities: FARO's short term assets ($245.4M) exceed its short term liabilities ($112.9M).
Long Term Liabilities: FARO's short term assets ($245.4M) exceed its long term liabilities ($121.2M).
Debt to Equity History and Analysis
Debt Level: FARO has more cash than its total debt.
Reducing Debt: FARO's debt to equity ratio has increased from 0% to 27.4% 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 FARO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FARO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26.1% per year.