Profound Medical Balance Sheet Health
Financial Health criteria checks 6/6
Profound Medical has a total shareholder equity of $39.2M and total debt of $6.0M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are $50.0M and $10.8M respectively.
Key information
15.2%
Debt to equity ratio
US$5.97m
Debt
| Interest coverage ratio | n/a |
| Cash | US$34.08m |
| Equity | US$39.24m |
| Total liabilities | US$10.79m |
| Total assets | US$50.03m |
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 02We Think Profound Medical (TSE:PRN) Can Afford To Drive Business Growth
Mar 25Recent 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 13Analysts Expect Breakeven For Profound Medical Corp. (TSE:PRN) Before Long
May 07We Think Profound Medical (TSE:PRN) Can Afford To Drive Business Growth
Mar 25Financial Position Analysis
Short Term Liabilities: PRN's short term assets ($48.5M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: PRN's short term assets ($48.5M) exceed its long term liabilities ($5.2M).
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 65.4% to 15.2% 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 1.5 years if free cash flow continues to reduce at historical rates of 10.1% each year.