Accuray Incorporated (ARAY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ARAY SEC filings page.
Accuray Incorporated (ARAY) reported $401.9M in revenue for fiscal year 2026, down 12.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sales contraction compressed margins, while financing costs and a thin equity base magnified the earnings damage.
The unusual pressure was not simply lower sales: in FY2026, revenue fell12.3% , while gross profit fell24.2% , showing that production costs absorbed an increasing share of each sales dollar. Interest expense then rose161.3% , so the weaker operating result was compounded below the operating line rather than remaining only a gross-margin issue.
The FY2025 rebound did not create a stable earnings base: operating margin shifted from
The balance sheet remains obligation-heavy: liabilities represented
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Accuray Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Accuray Incorporated has an operating margin of -6.6%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 20/100. This is down from 1.7% the prior year.
Accuray Incorporated's revenue declined 12.3% year-over-year, from $458.5M to $401.9M. This contraction results in a growth score of 16/100.
Accuray Incorporated has elevated debt relative to equity (D/E of 3.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.
Accuray Incorporated's current ratio of 1.50 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Accuray Incorporated's operations used $7.0M of cash, and capex of $5.9M added to the outflow, for a free cash flow shortfall of $12.8M. This results in a cash flow score of 21/100.
Accuray Incorporated posts a -118.0% return on equity (ROE), meaning it loses $118 for every $100 of shareholders' equity. This results in a returns score of 18/100. This is down from -2.0% the prior year.
Accuray Incorporated scores -0.80, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $568.5M against total assets of $443.7M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Accuray Incorporated passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Accuray Incorporated reported a net loss of $49.2M while operations used $7.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Accuray Incorporated reported an operating loss of $26.4M against $32.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Accuray Incorporated generated $100.9M in revenue in Q4 2026. This represents a decrease of 20.9% from the same quarter a year earlier. Against the prior quarter it is down 3.7%.
Accuray Incorporated's EBITDA was $8.3M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Accuray Incorporated reported a net loss of $1.9M in Q4 2026. This represents a decrease of 272.8% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2026.
Cash & Balance Sheet
Accuray Incorporated generated $2.0M in free cash flow in Q4 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Accuray Incorporated held $40.6M in cash against $146.4M in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Margins & Returns
Accuray Incorporated's gross margin was 35.2% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.1 percentage points.
Accuray Incorporated's operating margin was 5.5% in Q4 2026, reflecting core business profitability. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.1 percentage points.
Accuray Incorporated's net profit margin was -1.9% in Q4 2026, showing the share of revenue converted to profit. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.
Accuray Incorporated's quarterly ROE was -4.7% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is down 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.6 percentage points.
Capital Allocation
Accuray Incorporated invested $7.6M in research and development in Q4 2026. This represents a decrease of 34.1% from the same quarter a year earlier. Against the prior quarter it is down 7.6%.
Accuray Incorporated invested $461K in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 65.1% from the same quarter a year earlier. Against the prior quarter it is down 2.1%.
Not reported for Q4 2026.
ARAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.9M-20.9% | $104.8M-7.4% | $102.2M-12.0% | $93.9M-7.5% | $127.5M-5.0% | $113.2M+12.0% | $116.2M+8.3% | $101.5M-2.3% |
| Cost of Revenue | $65.4M-26.2% | $79.6M-2.5% | $78.2M+5.2% | $67.4M+0.5% | $88.6M-7.6% | $81.6M+13.3% | $74.3M+4.1% | $67.1M+4.2% |
| Gross Profit | $35.5M-8.8% | $25.3M-20.0% | $24.1M-42.5% | $26.5M-23.0% | $39.0M+1.4% | $31.6M+8.8% | $41.9M+16.7% | $34.5M-12.7% |
| R&D Expenses | $7.6M-34.1% | $8.2M-23.7% | $10.7M-21.9% | $11.4M-6.2% | $11.5M+20.4% | $10.7M-1.8% | $13.6M-10.7% | $12.1M-13.5% |
| SG&A Expenses | $18.9M-18.8% | $19.7M-1.0% | $18.9M-19.7% | $26.5M+8.1% | $23.3M+5.3% | $19.9M-12.6% | $23.5M-4.2% | $24.5M+5.3% |
| Operating Income | $5.5M+30.5% | -$9.1M-967.9% | -$11.6M-345.7% | -$11.3Mn/m | $4.2M-37.9% | $1.0Mn/m | $4.7Mn/m | -$2.1M-197.1% |
| EBITDA | $8.3M+40.0% | -$7.4M-390.0% | -$9.8M-257.3% | -$9.6Mn/m | $5.9M-28.9% | $2.5Mn/m | $6.2Mn/m | -$685K-119.8% |
| Interest Expense | $8.5M+115.3% | $8.2M+207.4% | $7.6M+174.1% | $7.8M+169.8% | $4.0M+39.1% | $2.7M-7.0% | $2.8M-4.2% | $2.9M-1.0% |
| Income Tax | $434K-54.2% | $468K+2.4% | $573K-17.6% | $471K-24.6% | $948K+101.3% | $457K+2.9% | $695K-20.8% | $625K-67.7% |
| Net Income | -$1.9M-272.8% | -$11.8Mn/m | -$13.8M-642.8% | -$21.7Mn/m | $1.1M-66.8% | -$1.3Mn/m | $2.5Mn/m | -$4.0Mn/m |
| EPS (Basic) | N/A | -$0.09n/m | -$0.11-466.7% | -$0.18n/m | $0.01-66.7% | -$0.01n/m | $0.03 | -$0.04n/m |
| EPS (Diluted) | N/A | N/A | -$0.11-650.0% | -$0.18n/m | $0.01-66.7% | -$0.01n/m | $0.02 | -$0.04n/m |
| Diluted Shares (Avg) | N/A | N/A | 120,973+16.6% | 119M+18.7% | N/A | 103M+3.7% | 103,746 | 100M+3.8% |
ARAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $443.7M-5.6% | $447.6M-7.6% | $448.0M-6.3% | $456.8M-3.4% | $470.2M+0.3% | $484.3M+4.7% | $478.4M+0.4% | $473.1M-0.8% |
| Current Assets | $287.8M-9.4% | $293.2M-12.1% | $292.4M-10.3% | $303.6M-7.9% | $317.5M-1.8% | $333.5M+6.2% | $325.9M-1.6% | $329.5M-1.4% |
| Cash & Equivalents | $40.6M-29.2% | $38.1M-51.1% | $41.3M-34.0% | $63.3M+7.0% | $57.4M-16.3% | $77.8M+28.7% | $62.6M-14.0% | $59.2M-23.0% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $147.1M+4.3% | $156.6M+7.0% | $151.0M+1.4% | $155.5M+0.4% | $141.0M+1.9% | $146.4M-8.2% | $148.8M-4.1% | $154.9M+3.3% |
| Accounts Receivable | $67.4M-19.0% | $64.6M | $61.0M | $54.4M | $83.2M-9.6% | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $57.9M+0.2% | $57.9M+0.3% | $57.8M+0.3% | $57.8M+0.3% | $57.8M+0.2% | $57.7M+0.1% | $57.7M-0.2% | $57.7M0.0% |
| Total Liabilities | $402.0M+3.3% | $405.9M-6.6% | $394.6M-8.3% | $394.9M-7.7% | $389.1M-8.1% | $434.7M+3.1% | $430.5M+0.4% | $427.9M+0.5% |
| Current Liabilities | $191.4M-0.6% | $205.8M+1.2% | $199.4M-1.0% | $194.6M-3.6% | $192.6M-1.4% | $203.4M+2.5% | $201.5M-3.8% | $201.8M+0.2% |
| Non-Current Liabilities | $210.6M+7.2% | $200.1M-13.5% | $195.2M-14.8% | $200.3M-11.4% | $196.5M-13.9% | $231.3M+3.7% | $229.0M+4.4% | $226.0M+0.7% |
| Long-Term Debt | $146.4M+18.2% | $134.0M-19.4% | $124.8M-25.7% | $127.3M-21.6% | $123.8M-24.7% | $166.2M0.0% | $168.0M0.0% | $162.5M-4.3% |
| Total Equity | $41.7M-48.6% | $41.7M-15.9% | $53.4M+11.5% | $61.9M+36.8% | $81.2M+80.0% | $49.6M+20.7% | $47.9M+0.5% | $45.2M-11.2% |
| Retained Earnings | -$568.5Mn/m | -$566.5Mn/m | -$554.7Mn/m | -$541.0Mn/m | -$519.3Mn/m | -$520.4Mn/m | -$519.1Mn/m | -$521.6Mn/m |
ARAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.4Mn/m | -$5.6M-131.0% | -$16.0M-987.6% | $12.2Mn/m | -$9.7M-198.2% | $18.1Mn/m | $1.8Mn/m | -$7.3Mn/m |
| Depreciation & Amortization | $2.0M+26.7% | $1.7M+13.3% | $1.8M+20.0% | $1.7M+14.5% | $1.6M+6.0% | $1.5M-6.3% | $1.5M-3.0% | $1.5M+17.0% |
| Stock-Based Compensation | N/A | $1.4M-49.8% | $881K-61.4% | $2.5M+6.9% | N/A | $2.7M+0.4% | $2.3M-1.3% | $2.4M-1.6% |
| Capital Expenditures | $461K-65.1% | $471K-50.8% | $3.0M+246.1% | $1.9M+70.0% | $1.3M+183.9% | $958K+20.5% | $874K-30.0% | $1.1M+2.6% |
| Free Cash Flow | $2.0Mn/m | -$6.1M-135.5% | -$19.0M-2150.8% | $10.3Mn/m | -$11.0M-217.1% | $17.1Mn/m | $927Kn/m | -$8.4Mn/m |
| Investing Cash Flow | -$1.4Mn/m | -$1.5Mn/m | -$5.6Mn/m | -$3.8Mn/m | -$3.4Mn/m | -$2.4Mn/m | -$1.6Mn/m | -$1.1Mn/m |
| Financing Cash Flow | $3.6Mn/m | $4.1Mn/m | -$282K-104.9% | -$475Kn/m | -$5.8Mn/m | -$2.0Mn/m | $5.8Mn/m | -$2.2Mn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ARAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q/A |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.2%+4.7pp | 24.1%-3.8pp | 23.5%-12.5pp | 28.3%-5.7pp | 30.6%+1.9pp | 27.9%-0.8pp | 36.1%+2.6pp | 33.9%-4.1pp |
| Operating Margin | 5.5%+2.1pp | -8.7%-9.6pp | -11.3%-15.4pp | -12.0%-9.9pp | 3.3%-1.8pp | 0.9%+5.4pp | 4.0%+7.8pp | -2.1%-4.3pp |
| Net Margin | -1.9%-2.8pp | -11.3%-10.1pp | -13.5%-15.6pp | -23.1%-19.2pp | 0.9%-1.6pp | -1.1%+5.1pp | 2.2%+11.2pp | -3.9%-1.0pp |
| Return on Equity | -4.7%-6.0pp | -28.3%-25.7pp | -25.8%-31.1pp | -35.0%-26.3pp | 1.4%-6.1pp | -2.6%+12.8pp | 5.3%+25.5pp | -8.7%-2.9pp |
| Return on Assets | -0.4%-0.7pp | -2.6%-2.4pp | -3.1%-3.6pp | -4.8%-3.9pp | 0.2%-0.5pp | -0.3%+1.1pp | 0.5%+2.5pp | -0.8%-0.2pp |
| Current Ratio | 1.50-0.1x | 1.42-0.2x | 1.47-0.2x | 1.56-0.1x | 1.650.0x | 1.64+0.1x | 1.620.0x | 1.630.0x |
| Debt-to-Equity | 3.51+2.0x | 3.21-0.1x | 2.34-1.2x | 2.06-1.5x | 1.52-2.1x | 3.35-0.7x | 3.510.0x | 3.59+0.3x |
| Liabilities-to-Equity | 9.64+4.8x | 9.73+1.0x | 7.39-1.6x | 6.38-3.1x | 4.79-4.6x | 8.77-1.5x | 8.990.0x | 9.46+1.1x |
| Asset Turnover | 0.230.0x | 0.230.0x | 0.230.0x | 0.210.0x | 0.270.0x | 0.230.0x | 0.240.0x | 0.210.0x |
| FCF Margin | 1.9%+10.6pp | -5.8%-20.9pp | -18.6%-19.4pp | 10.9%+19.2pp | -8.6%-15.7pp | 15.1%+23.9pp | 0.8%+6.7pp | -8.3%+1.0pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Accuray Incorporated ARAY | FY2026 | $401.9M | -$49.2M | -12.2% | $15.9M | 22/100 |
| Sight Sciences, Inc. SGHT | FY2025 | $77.4M | -$38.4M | -49.7% | $497.4M | 58/100 |
| LENSAR, Inc. LNSR | FY2025 | $58.4M | -$34.3M | -58.7% | $73.0M | 42/100 |
| 908 Devices Inc. MASS | FY2025 | $56.2M | $19.5M | 34.7% | $510.9M | 43/100 |
| Quanterix Corporation QTRX | FY2025 | $138.9M | -$107.2M | -77.1% | $136.7M | 43/100 |
Where Accuray Incorporated Ranks
Frequently Asked Questions
What is Accuray Incorporated's annual revenue?
Accuray Incorporated (ARAY) reported $401.9M in total revenue for fiscal year 2026. This represents a -12.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Accuray Incorporated's revenue growing?
Accuray Incorporated (ARAY) revenue declined by 12.3% year-over-year, from $458.5M to $401.9M in fiscal year 2026.
Is Accuray Incorporated profitable?
No, Accuray Incorporated (ARAY) reported a net loss of $49.2M in fiscal year 2026, with a net profit margin of -12.2%.
What is Accuray Incorporated's EBITDA?
Accuray Incorporated (ARAY) had EBITDA of -$18.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Accuray Incorporated have?
As of fiscal year 2026, Accuray Incorporated (ARAY) had $40.6M in cash and equivalents against $146.4M in long-term debt.
What is Accuray Incorporated's gross margin?
Accuray Incorporated (ARAY) had a gross margin of 27.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Accuray Incorporated's operating margin?
Accuray Incorporated (ARAY) had an operating margin of -6.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Accuray Incorporated's net profit margin?
Accuray Incorporated (ARAY) had a net profit margin of -12.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Accuray Incorporated's return on equity (ROE)?
Accuray Incorporated (ARAY) has a return on equity of -118.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Accuray Incorporated's free cash flow?
Accuray Incorporated (ARAY) recorded an outflow of $12.8M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Accuray Incorporated's operating cash flow?
Accuray Incorporated (ARAY) recorded an outflow of $7.0M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Accuray Incorporated's total assets?
Accuray Incorporated (ARAY) had $443.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Accuray Incorporated's capital expenditures?
Accuray Incorporated (ARAY) invested $5.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Accuray Incorporated spend on research and development?
Accuray Incorporated (ARAY) invested $37.8M in research and development during fiscal year 2026.
What is Accuray Incorporated's current ratio?
Accuray Incorporated (ARAY) had a current ratio of 1.50 as of fiscal year 2026, which is generally considered healthy.
What is Accuray Incorporated's debt-to-equity ratio?
Accuray Incorporated (ARAY) had a debt-to-equity ratio of 3.51 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Accuray Incorporated's liabilities-to-equity ratio?
Accuray Incorporated (ARAY) had a liabilities-to-equity ratio of 9.64 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Accuray Incorporated's return on assets (ROA)?
Accuray Incorporated (ARAY) had a return on assets of -11.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Accuray Incorporated's P/E ratio?
Accuray Incorporated (ARAY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $15.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Accuray Incorporated's price-to-sales ratio?
Accuray Incorporated (ARAY) trades at 0.0x sales, its market capitalization divided by $401.9M revenue, FY2026. The market capitalization is $15.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Accuray Incorporated's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Accuray Incorporated (ARAY) held $40.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.0M over that year. Dividing the one by the other, the reported balance equals about 70 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Accuray Incorporated's Altman Z-Score?
Accuray Incorporated (ARAY) has an Altman Z-Score of -0.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Accuray Incorporated's Piotroski F-Score?
Accuray Incorporated (ARAY) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Accuray Incorporated's earnings high quality?
Accuray Incorporated (ARAY) reported a net loss of $49.2M while operations used $7.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Accuray Incorporated cover its interest payments?
Accuray Incorporated (ARAY) reported an operating loss of $26.4M against $32.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Accuray Incorporated?
Accuray Incorporated (ARAY) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.