MIND Technology, Inc.

NasdaqCM:MIND Stock Report

Market Cap: US$25.9m

MIND Technology Balance Sheet Health

Financial Health criteria checks 4/6

MIND Technology has a total shareholder equity of $23.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $34.9M and $11.2M respectively. MIND Technology's EBIT is $829.0K making its interest coverage ratio 1.8. It has cash and short-term investments of $924.0K.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ratio1.8x
CashUS$924.00k
EquityUS$23.64m
Total liabilitiesUS$11.22m
Total assetsUS$34.86m

Recent financial health updates

Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?

Mar 10
Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?

Is MIND Technology (NASDAQ:MIND) A Risky Investment?

Dec 10
Is MIND Technology (NASDAQ:MIND) A Risky Investment?

Recent updates

MIND Technology: Preferred Stockholders Should Vote For Proposed Common Share Conversion

Jun 18

MIND Technology secures orders worth $1.3M for high-speed multibeam side scan sonar systems

Sep 28

MIND Technology GAAP EPS of -$0.20 in-line, revenue of $8.71M beats by $0.41M

Sep 12

MIND Technology gets $900K order for GunLink 4000 upgrade

Jul 27

MIND Technology rallies 28% after new orders, deferral of preferred stock dividend

Jul 06

MIND Technology: Outlook Still Uncertain Despite Improved Order Levels

Apr 23

We Think The Compensation For MIND Technology, Inc.'s (NASDAQ:MIND) CEO Looks About Right

Jul 09
We Think The Compensation For MIND Technology, Inc.'s (NASDAQ:MIND) CEO Looks About Right

Mitcham EPS misses by $0.15, misses on revenue

Jun 02

Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?

Mar 10
Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?

Have Insiders Been Buying MIND Technology, Inc. (NASDAQ:MIND) Shares This Year?

Jan 14
Have Insiders Been Buying MIND Technology, Inc. (NASDAQ:MIND) Shares This Year?

Is MIND Technology (NASDAQ:MIND) A Risky Investment?

Dec 10
Is MIND Technology (NASDAQ:MIND) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: MIND's short term assets ($29.5M) exceed its short term liabilities ($10.2M).

Long Term Liabilities: MIND's short term assets ($29.5M) exceed its long term liabilities ($997.0K).


Debt to Equity History and Analysis

Debt Level: MIND is debt free.

Reducing Debt: MIND 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 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MIND has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.5% each year


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