We're Not Very Worried About Ballard Power Systems' (TSE:BLDP) Cash Burn Rate [Yahoo! Finance]
Ballard Power Systems, Inc. - Common Shares (BLDP)
Last ballard power systems, inc. - common shares earnings: 3/4 08:30 pm
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US:NASDAQ Investor Relations:
ballard.com/investors/presentations-events
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Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Ballard Power Systems TSE:BLDP ) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. When Might Ballard Power Systems Run Out Of Money? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Ballard Power Systems last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$680m. Looking at the last year, the company burnt through US$120m. So it had a cash runway of about 5.7 years from June 2024. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. Depicted below,
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News
- 2 Stocks I'd Avoid in 2025 (and 1 I'd Buy) [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ballard Power Systems Inc. (NASDAQ: BLDP) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- Ballard Power Systems Inc. (NASDAQ: BLDP) had its price target lowered by analysts at CIBC from $1.60 to $1.40. They now have an "underperformer" rating on the stock.MarketBeat
- Ballard Power Systems Inc. (NASDAQ: BLDP) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating.MarketBeat
- Ballard Power Systems Inc (BLDP) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
BLDP
Earnings
- 11/5/24 - Miss
BLDP
Sec Filings
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- 11/4/24 - Form 6-K
- BLDP's page on the SEC website