Mind Medicine (MindMed) Balance Sheet Health
Financial Health criteria checks 5/6
Mind Medicine (MindMed) has a total shareholder equity of $262.2M and total debt of $24.3M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are $319.8M and $57.6M respectively.
Key information
9.3%
Debt to equity ratio
US$24.31m
Debt
| Interest coverage ratio | n/a |
| Cash | US$295.28m |
| Equity | US$262.19m |
| Total liabilities | US$57.58m |
| Total assets | US$319.77m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMQ's short term assets ($299.4M) exceed its short term liabilities ($33.3M).
Long Term Liabilities: MMQ's short term assets ($299.4M) exceed its long term liabilities ($24.3M).
Debt to Equity History and Analysis
Debt Level: MMQ has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MMQ's debt to equity ratio has reduced 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: MMQ has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MMQ has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 27.5% each year.