Luna Innovations (Luna Innovations) Cash-to-Debt : 0.15 (As of Sep. 2023)

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What is Luna Innovations Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Luna Innovations's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.15.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Luna Innovations couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Luna Innovations's Cash-to-Debt or its related term are showing as below:

LUNA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 3.01 Max: 58.24
Current: 0.15

During the past 13 years, Luna Innovations's highest Cash to Debt Ratio was 58.24. The lowest was 0.09. And the median was 3.01.

LUNA's Cash-to-Debt is ranked worse than
91.42% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs LUNA: 0.15

Luna Innovations Cash-to-Debt Historical Data

The historical data trend for Luna Innovations's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Luna Innovations Cash-to-Debt Chart

Luna Innovations Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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58.24

7.48

0.57

0.80

0.21

Luna Innovations Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.21	0.12	0.09	0.15

Competitive Comparison of Luna Innovations's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Luna Innovations's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Luna Innovations's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Luna Innovations's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Luna Innovations's Cash-to-Debt falls into.

Luna Innovations Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Luna Innovations's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6.024	/	(4.789	+	23.53)
	=	0.21

Luna Innovations's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6.028	/	(5.069	+	35.065)
	=	0.15

Luna Innovations (NAS:LUNA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Luna Innovations Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Luna Innovations's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Luna Innovations (Luna Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luna Innovations Inc (NAS:LUNA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 1st Street South West, Suite 200, Roanoke, VA, USA, 24011

Website

https://www.lunainc.com

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

Executives

George Gomez-quintero	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 301 FIRST STREET SW, SUITE 200, ROANOKE VA 24011
Pamela L Coe	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Brian Soller	officer: Chief Operating Officer	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Gene Nestro	officer: Chief Financial Officer	C/O LUNA INNOVATIONS, INC., 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Clinic Carilion	10 percent owner	EDWARD MURPHY, M.D., 213 SOUTH JEFFERSON STREET, SUITE 807, ROANOKE VA 24011
Mary Beth Vitale	director	821 17TH STREET, DENVER CO 80202
Dale E Messick	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Scott A Graeff	officer: CFO, Executive VP Corp. Dev.	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Barry Phelps	director	26750 AGOURA RD, CALABASAS CA 91302
Michael W. Wise	director	C/O LUNA INNOVATIONS INCORPORATED, 1 RIVERSIDE CIRCLE, SUITE 400, ROANOKE VA 24016
Richard Roedel	director	164 WEST RD, NEW CANAAN CT 06840
Donald Pastor	director	2925 BOARDWALK, ANN ARBOR MI 48104
Gary Spiegel	director
Coringrato Edward J Jr.	director	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Wilkin Neil D Jr	director