Luna Innovations Balance Sheet Health
Financial Health criteria checks 4/6
Luna Innovations has a total shareholder equity of $94.6M and total debt of $31.9M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are $165.1M and $70.5M respectively. Luna Innovations's EBIT is $1.4M making its interest coverage ratio 0.7. It has cash and short-term investments of $6.0M.
Key information
33.7%
Debt to equity ratio
US$31.89m
Debt
Interest coverage ratio | 0.7x |
Cash | US$6.03m |
Equity | US$94.61m |
Total liabilities | US$70.48m |
Total assets | US$165.09m |
Recent financial health updates
We Think Luna Innovations (NASDAQ:LUNA) Is Taking Some Risk With Its Debt
Nov 06Here's Why Luna Innovations (NASDAQ:LUNA) Can Afford Some Debt
Jun 24Is Luna Innovations (NASDAQ:LUNA) A Risky Investment?
Mar 04We Think Luna Innovations (NASDAQ:LUNA) Has A Fair Chunk Of Debt
Oct 26Is Luna Innovations (NASDAQ:LUNA) Using Debt Sensibly?
Mar 18Recent updates
We Think Luna Innovations (NASDAQ:LUNA) Is Taking Some Risk With Its Debt
Nov 06Luna Innovations (NASDAQ:LUNA) Shareholders Will Want The ROCE Trajectory To Continue
Aug 13At US$9.36, Is Luna Innovations Incorporated (NASDAQ:LUNA) Worth Looking At Closely?
Jul 13Here's Why Luna Innovations (NASDAQ:LUNA) Can Afford Some Debt
Jun 24A Look At The Fair Value Of Luna Innovations Incorporated (NASDAQ:LUNA)
May 12Is Luna Innovations (NASDAQ:LUNA) A Risky Investment?
Mar 04We Think Luna Innovations (NASDAQ:LUNA) Has A Fair Chunk Of Debt
Oct 26Luna signs $14.2M contract with Intuitive Surgical for supply of photonic subsystems
Sep 22Luna Innovations Q2 2022 Earnings Preview
Aug 10Is Now An Opportune Moment To Examine Luna Innovations Incorporated (NASDAQ:LUNA)?
Apr 12Is Luna Innovations (NASDAQ:LUNA) Using Debt Sensibly?
Mar 18Returns Are Gaining Momentum At Luna Innovations (NASDAQ:LUNA)
Jan 09Is Luna Innovations Incorporated (NASDAQ:LUNA) Potentially Undervalued?
Aug 11Luna Innovations: Likely Beneficiary Of An Infrastructure Bill
Jun 30We Like These Underlying Return On Capital Trends At Luna Innovations (NASDAQ:LUNA)
May 31Is Luna Innovations (NASDAQ:LUNA) Using Too Much Debt?
May 03When Should You Buy Luna Innovations Incorporated (NASDAQ:LUNA)?
Mar 14Does Luna Innovations (NASDAQ:LUNA) Deserve A Spot On Your Watchlist?
Feb 26Luna Innovations Incorporated (NASDAQ:LUNA) Shares Could Be 32% Above Their Intrinsic Value Estimate
Feb 10Returns On Capital - An Important Metric For Luna Innovations (NASDAQ:LUNA)
Jan 28Should You Use Luna Innovations's (NASDAQ:LUNA) Statutory Earnings To Analyse It?
Jan 13If You Had Bought Luna Innovations (NASDAQ:LUNA) Shares Five Years Ago You'd Have Earned 784% Returns
Dec 31Do Insiders Own Lots Of Shares In Luna Innovations Incorporated (NASDAQ:LUNA)?
Dec 19Here's What We Learned About The CEO Pay At Luna Innovations Incorporated (NASDAQ:LUNA)
Dec 07Financial Position Analysis
Short Term Liabilities: LUNA's short term assets ($100.2M) exceed its short term liabilities ($35.0M).
Long Term Liabilities: LUNA's short term assets ($100.2M) exceed its long term liabilities ($35.5M).
Debt to Equity History and Analysis
Debt Level: LUNA's net debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: LUNA's debt to equity ratio has increased from 1.8% to 33.7% 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: LUNA has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if LUNA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.