MIND Technology Balance Sheet Health
Financial Health criteria checks 5/6
MIND Technology has a total shareholder equity of $22.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $33.5M and $10.9M respectively. MIND Technology's EBIT is $518.0K making its interest coverage ratio 1. It has cash and short-term investments of $5.3M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 1x |
| Cash | US$5.29m |
| Equity | US$22.64m |
| Total liabilities | US$10.85m |
| Total assets | US$33.49m |
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 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 ($28.3M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: MIND's short term assets ($28.3M) exceed its long term liabilities ($573.0K).
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 sufficient cash runway for more than a year 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 19% each year