Mindflair Balance Sheet Health
Financial Health criteria checks 3/6
Mindflair has a total shareholder equity of £7.3M and total debt of £1.2M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are £8.8M and £1.5M respectively.
Key information
16.9%
Debt to equity ratio
UK£1.24m
Debt
Interest coverage ratio | n/a |
Cash | UK£8.79m |
Equity | UK£7.31m |
Total liabilities | UK£1.49m |
Total assets | UK£8.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFAI's short term assets (£8.8M) exceed its short term liabilities (£255.0K).
Long Term Liabilities: MFAI's short term assets (£8.8M) exceed its long term liabilities (£1.2M).
Debt to Equity History and Analysis
Debt Level: MFAI has more cash than its total debt.
Reducing Debt: MFAI's debt to equity ratio has increased from 0% to 16.9% 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: Insufficient data to determine if MFAI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MFAI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.