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
FARO Technologies (NASDAQ:FARO) Has A Pretty Healthy Balance Sheet
Dec 24
Health Check: How Prudently Does FARO Technologies (NASDAQ:FARO) Use Debt?
Jul 17Is FARO Technologies (NASDAQ:FARO) Using Debt In A Risky Way?
Aug 04Recent updates
FARO Technologies (NASDAQ:FARO) Has A Pretty Healthy Balance Sheet
Dec 24Improved 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 10:57 |
| End of Day Share Price | 2024/12/24 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
FARO Technologies, Inc. is covered by 15 analysts. 2 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 |
|---|---|
| Robert Mason | Baird |
| Andrew DeGasperi | Berenberg |
| Robert Burleson | Canaccord Genuity |