Profound Medical Balance Sheet Health
Financial Health criteria checks 6/6
Profound Medical has a total shareholder equity of $31.1M and total debt of $5.6M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are $42.2M and $11.2M respectively.
Key information
18.0%
Debt to equity ratio
US$5.60m
Debt
| Interest coverage ratio | n/a |
| Cash | US$27.12m |
| Equity | US$31.06m |
| Total liabilities | US$11.17m |
| Total assets | US$42.24m |
Recent financial health updates
Does Profound Medical (TSE:PRN) Have A Healthy Balance Sheet?
May 03
Is Profound Medical (TSE:PRN) Using Debt In A Risky Way?
Sep 15Will Profound Medical (TSE:PRN) Spend Its Cash Wisely?
Sep 07Here's Why We're Not Too Worried About Profound Medical's (TSE:PRN) Cash Burn Situation
Jan 07We Think Profound Medical (TSE:PRN) Can Easily Afford To Drive Business Growth
Jul 02Recent updates
Does Profound Medical (TSE:PRN) Have A Healthy Balance Sheet?
May 03Is Profound Medical (TSE:PRN) Using Debt In A Risky Way?
Sep 15Will Profound Medical (TSE:PRN) Spend Its Cash Wisely?
Sep 07Here's Why We're Not Too Worried About Profound Medical's (TSE:PRN) Cash Burn Situation
Jan 07We Think Profound Medical (TSE:PRN) Can Easily Afford To Drive Business Growth
Jul 02We Take A Look At Why Profound Medical Corp.'s (TSE:PRN) CEO Compensation Is Well Earned
May 13Financial Position Analysis
Short Term Liabilities: PRN's short term assets ($40.9M) exceed its short term liabilities ($6.7M).
Long Term Liabilities: PRN's short term assets ($40.9M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: PRN has more cash than its total debt.
Reducing Debt: PRN's debt to equity ratio has reduced from 52.2% to 18% over the past 5 years.
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: PRN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PRN has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 9.2% each year.