MIND Technology Balance Sheet Health
Financial Health criteria checks 4/6
MIND Technology has a total shareholder equity of $23.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $34.9M and $11.2M respectively. MIND Technology's EBIT is $829.0K making its interest coverage ratio 1.8. It has cash and short-term investments of $924.0K.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 1.8x |
Cash | US$924.00k |
Equity | US$23.64m |
Total liabilities | US$11.22m |
Total assets | US$34.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MI70's short term assets ($29.5M) exceed its short term liabilities ($10.2M).
Long Term Liabilities: MI70's short term assets ($29.5M) exceed its long term liabilities ($997.0K).
Debt to Equity History and Analysis
Debt Level: MI70 is debt free.
Reducing Debt: MI70 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: MI70 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MI70 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.5% each year