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MIND Technology Balance Sheet Health
Financial Health criteria checks 4/6
MIND Technology has a total shareholder equity of $24.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $37.8M and $13.3M respectively. MIND Technology's EBIT is $3.0M making its interest coverage ratio 9.8. It has cash and short-term investments of $1.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$1.90m |
| Equity | US$24.49m |
| Total liabilities | US$13.35m |
| Total assets | US$37.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIND.P's short term assets ($32.6M) exceed its short term liabilities ($12.4M).
Long Term Liabilities: MIND.P's short term assets ($32.6M) exceed its long term liabilities ($985.0K).
Debt to Equity History and Analysis
Debt Level: MIND.P is debt free.
Reducing Debt: MIND.P 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: MIND.P has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIND.P has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.9% each year