Mindax Balance Sheet Health
Financial Health criteria checks 3/6
Mindax has a total shareholder equity of A$24.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$26.7M and A$2.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$520.04k |
| Equity | AU$24.60m |
| Total liabilities | AU$2.13m |
| Total assets | AU$26.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDX's short term assets (A$587.7K) do not cover its short term liabilities (A$1.6M).
Long Term Liabilities: MDX's short term assets (A$587.7K) exceed its long term liabilities (A$481.6K).
Debt to Equity History and Analysis
Debt Level: MDX is debt free.
Reducing Debt: MDX had no debt 5 years ago.
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 34.5% each year