Luna Innovations Incorporated

NasdaqCM:LUNA Stock Report

Market Cap: US$134.6m

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 ratio0.7x
CashUS$6.03m
EquityUS$94.61m
Total liabilitiesUS$70.48m
Total assetsUS$165.09m

Recent financial health updates

Recent updates

We Think Luna Innovations (NASDAQ:LUNA) Is Taking Some Risk With Its Debt

Nov 06
We Think Luna Innovations (NASDAQ:LUNA) Is Taking Some Risk With Its Debt

Luna Innovations (NASDAQ:LUNA) Shareholders Will Want The ROCE Trajectory To Continue

Aug 13
Luna Innovations (NASDAQ:LUNA) Shareholders Will Want The ROCE Trajectory To Continue

At US$9.36, Is Luna Innovations Incorporated (NASDAQ:LUNA) Worth Looking At Closely?

Jul 13
At US$9.36, Is Luna Innovations Incorporated (NASDAQ:LUNA) Worth Looking At Closely?

Here's Why Luna Innovations (NASDAQ:LUNA) Can Afford Some Debt

Jun 24
Here's Why Luna Innovations (NASDAQ:LUNA) Can Afford Some Debt

A Look At The Fair Value Of Luna Innovations Incorporated (NASDAQ:LUNA)

May 12
A Look At The Fair Value Of Luna Innovations Incorporated (NASDAQ:LUNA)

Is Luna Innovations (NASDAQ:LUNA) A Risky Investment?

Mar 04
Is Luna Innovations (NASDAQ:LUNA) A Risky Investment?

We Think Luna Innovations (NASDAQ:LUNA) Has A Fair Chunk Of Debt

Oct 26
We Think Luna Innovations (NASDAQ:LUNA) Has A Fair Chunk Of Debt

Luna signs $14.2M contract with Intuitive Surgical for supply of photonic subsystems

Sep 22

Luna Innovations Q2 2022 Earnings Preview

Aug 10

Is Now An Opportune Moment To Examine Luna Innovations Incorporated (NASDAQ:LUNA)?

Apr 12
Is Now An Opportune Moment To Examine Luna Innovations Incorporated (NASDAQ:LUNA)?

Is Luna Innovations (NASDAQ:LUNA) Using Debt Sensibly?

Mar 18
Is Luna Innovations (NASDAQ:LUNA) Using Debt Sensibly?

Returns Are Gaining Momentum At Luna Innovations (NASDAQ:LUNA)

Jan 09
Returns Are Gaining Momentum At Luna Innovations (NASDAQ:LUNA)

Is Luna Innovations Incorporated (NASDAQ:LUNA) Potentially Undervalued?

Aug 11
Is Luna Innovations Incorporated (NASDAQ:LUNA) Potentially Undervalued?

Luna Innovations: Likely Beneficiary Of An Infrastructure Bill

Jun 30

We Like These Underlying Return On Capital Trends At Luna Innovations (NASDAQ:LUNA)

May 31
We Like These Underlying Return On Capital Trends At Luna Innovations (NASDAQ:LUNA)

Is Luna Innovations (NASDAQ:LUNA) Using Too Much Debt?

May 03
Is Luna Innovations (NASDAQ:LUNA) Using Too Much Debt?

When Should You Buy Luna Innovations Incorporated (NASDAQ:LUNA)?

Mar 14
When Should You Buy Luna Innovations Incorporated (NASDAQ:LUNA)?

Does Luna Innovations (NASDAQ:LUNA) Deserve A Spot On Your Watchlist?

Feb 26
Does Luna Innovations (NASDAQ:LUNA) Deserve A Spot On Your Watchlist?

Luna Innovations Incorporated (NASDAQ:LUNA) Shares Could Be 32% Above Their Intrinsic Value Estimate

Feb 10
Luna Innovations Incorporated (NASDAQ:LUNA) Shares Could Be 32% Above Their Intrinsic Value Estimate

Returns On Capital - An Important Metric For Luna Innovations (NASDAQ:LUNA)

Jan 28
Returns On Capital - An Important Metric For Luna Innovations (NASDAQ:LUNA)

Should You Use Luna Innovations's (NASDAQ:LUNA) Statutory Earnings To Analyse It?

Jan 13
Should You Use Luna Innovations's (NASDAQ:LUNA) Statutory Earnings To Analyse It?

If You Had Bought Luna Innovations (NASDAQ:LUNA) Shares Five Years Ago You'd Have Earned 784% Returns

Dec 31
If You Had Bought Luna Innovations (NASDAQ:LUNA) Shares Five Years Ago You'd Have Earned 784% Returns

Do Insiders Own Lots Of Shares In Luna Innovations Incorporated (NASDAQ:LUNA)?

Dec 19
Do Insiders Own Lots Of Shares In Luna Innovations Incorporated (NASDAQ:LUNA)?

Here's What We Learned About The CEO Pay At Luna Innovations Incorporated (NASDAQ:LUNA)

Dec 07
Here's What We Learned About The CEO Pay At Luna Innovations Incorporated (NASDAQ:LUNA)

Financial 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.


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