Mindax Balance Sheet Health
Financial Health criteria checks 4/6
Mindax has a total shareholder equity of A$25.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$27.5M and A$2.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.76m |
Equity | AU$25.30m |
Total liabilities | AU$2.22m |
Total assets | AU$27.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDX's short term assets (A$1.9M) exceed its short term liabilities (A$1.7M).
Long Term Liabilities: MDX's short term assets (A$1.9M) exceed its long term liabilities (A$565.3K).
Debt to Equity History and Analysis
Debt Level: MDX is debt free.
Reducing Debt: MDX has no debt compared to 5 years ago when its debt to equity ratio was 4.4%.
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: MDX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MDX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.3% each year