Luna Innovations Balance Sheet Health
Financial Health criteria checks 3/6
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
Recent updates
We Think Luna Innovations (NASDAQ:LUNA) Is Taking Some Risk With Its Debt
Nov 06
Luna 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 10Financial 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: Insufficient data to determine if LUNA has enough cash runway based on its current free cash flow.
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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 05:29 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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
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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
Luna Innovations Incorporated is covered by 4 analysts. 1 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 |
|---|---|
| Ku Kang | B. Riley Securities, Inc. |
| Alexander Henderson | Needham & Company |
| Timothy Savageaux | Northland Capital Markets |