MIND Technology Balance Sheet Health
Financial Health criteria checks 6/6
MIND Technology has a total shareholder equity of $25.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $36.1M and $10.9M respectively. MIND Technology's EBIT is $6.4M making its interest coverage ratio 45.7. It has cash and short-term investments of $3.5M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 45.7x |
| Cash | US$3.51m |
| Equity | US$25.21m |
| Total liabilities | US$10.90m |
| Total assets | US$36.11m |
Recent financial health updates
Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?
Mar 10
Is MIND Technology (NASDAQ:MIND) A Risky Investment?
Dec 10Recent updates
MIND Technology: Preferred Stockholders Should Vote For Proposed Common Share Conversion
Jun 18MIND Technology secures orders worth $1.3M for high-speed multibeam side scan sonar systems
Sep 28MIND Technology GAAP EPS of -$0.20 in-line, revenue of $8.71M beats by $0.41M
Sep 12MIND Technology gets $900K order for GunLink 4000 upgrade
Jul 27MIND Technology rallies 28% after new orders, deferral of preferred stock dividend
Jul 06MIND Technology: Outlook Still Uncertain Despite Improved Order Levels
Apr 23We Think The Compensation For MIND Technology, Inc.'s (NASDAQ:MIND) CEO Looks About Right
Jul 09Mitcham EPS misses by $0.15, misses on revenue
Jun 02Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?
Mar 10Have Insiders Been Buying MIND Technology, Inc. (NASDAQ:MIND) Shares This Year?
Jan 14Is MIND Technology (NASDAQ:MIND) A Risky Investment?
Dec 10Financial Position Analysis
Short Term Liabilities: MIND's short term assets ($31.3M) exceed its short term liabilities ($10.0M).
Long Term Liabilities: MIND's short term assets ($31.3M) exceed its long term liabilities ($866.0K).
Debt to Equity History and Analysis
Debt Level: MIND is debt free.
Reducing Debt: MIND had no debt 5 years ago.
Debt Coverage: MIND has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MIND has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:31 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MIND Technology, Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre Conner | Capital One Securities, Inc. |
| Veny Aleksandrov | FIG Partners |
| Georg Venturatos | Johnson Rice & Company, L.L.C. |