Clearmind Medicine Balance Sheet Health
Financial Health criteria checks 6/6
Clearmind Medicine has a total shareholder equity of $983.5K and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $6.0M and $5.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.51m |
| Equity | US$983.47k |
| Total liabilities | US$4.97m |
| Total assets | US$5.95m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CMND's short term assets ($5.8M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: CMND has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMND is debt free.
Reducing Debt: CMND has not had any debt for 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: CMND has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CMND is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.