Mirriad Advertising Balance Sheet Health
Financial Health criteria checks 5/6
Mirriad Advertising has a total shareholder equity of £8.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £10.3M and £2.0M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£8.29m |
| Equity | UK£8.24m |
| Total liabilities | UK£2.04m |
| Total assets | UK£10.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8WQ's short term assets (£10.2M) exceed its short term liabilities (£2.0M).
Long Term Liabilities: 8WQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8WQ is debt free.
Reducing Debt: 8WQ 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: 8WQ has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 8WQ has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.1% each year.