Despite having a strong balance sheet and reduced cash burn, the risk of failure in commercialization and the absence of a clear path to profitability make this investment too risky.

The company's balance sheet consists of $381 million in cash and $18 million in debt. This results in a net cash position of $363 million which corresponds to $3.94 per share, assuming 92.1 shares ...

To calculate “Months Before Bankruptcy” I divided the TTM FCF burn by 12, which equals monthly cash burn. I then divide Cash and Equivalents on the balance sheet through 1Q22 by monthly cash burn.

Plug’s balance sheet is constrained by the level of its cash burn relative to its financing runway. The company had nearly $300 million of unrestricted cash as of March 2025.

When QuantumScape last reported its December 2024 balance sheet in February 2025, it had zero debt and cash worth US$911m. Importantly, its cash burn was US$337m over the trailing twelve months.

As of Sept. 15, Southwest had $14.8 billion of cash and investments on its balance sheet, down from $15.2 billion four weeks earlier. This cash stockpile exceeds the company's debt load.

Profitability is out of the question for now, but airlines are working hard to limit the amount of cash they burn in 2020. ... Alaska had $3.6 billion of cash and investments on its balance sheet.