LogicMark Balance Sheet Health

Financial Health criteria checks 6/6

LogicMark has a total shareholder equity of $14.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $17.0M and $2.1M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$6.40m
Equity	US$14.91m
Total liabilities	US$2.10m
Total assets	US$17.02m

Recent financial health updates

Recent updates

Here's Why Shareholders May Want To Be Cautious With Increasing LogicMark, Inc.'s (NASDAQ:LGMK) CEO Pay Packet

Dec 14

LogicMark, Inc.'s (NASDAQ:LGMK) Business And Shares Still Trailing The Industry

Jul 21

LogicMark stock gains on strong Q2 earnings

Aug 12

Companies Like LogicMark (NASDAQ:LGMK) Are In A Position To Invest In Growth

Mar 04

Nxt-ID (NASDAQ:NXTD) Is In A Good Position To Deliver On Growth Plans

Nov 18

Health Check: How Prudently Does Nxt-ID (NASDAQ:NXTD) Use Debt?

Jul 19

NXT-ID appoints Chia-Lin Simmons as CEO

Jun 17

Nxt-ID prepays $3M of senior secured term loan facility

May 03

A Look At The Fair Value Of Nxt-ID, Inc. (NASDAQ:NXTD)

Mar 29

Nxt-ID (NASDAQ:NXTD) Shareholders Have Enjoyed A Whopping 346% Share Price Gain

Mar 01

Here's Why Nxt-ID (NASDAQ:NXTD) Is Weighed Down By Its Debt Load

Jan 29

A Look At The Fair Value Of Nxt-ID, Inc. (NASDAQ:NXTD)

Dec 24

Does Nxt-ID (NASDAQ:NXTD) Have The Makings Of A Multi-Bagger?

Nov 19

Financial Position Analysis

Short Term Liabilities: LGMK's short term assets ($8.0M) exceed its short term liabilities ($2.1M).

Long Term Liabilities: LGMK's short term assets ($8.0M) exceed its long term liabilities ($51.8K).

Debt to Equity History and Analysis

Debt Level: LGMK is debt free.

Reducing Debt: LGMK has no debt compared to 5 years ago when its debt to equity ratio was 90.2%.

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: LGMK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LGMK has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 28.4% each year.

LogicMark Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

LogicMark, Inc. announced delayed annual 10-K filing

LogicMark, Inc. announced delayed annual 10-K filing

Companies Like LogicMark (NASDAQ:LGMK) Are In A Position To Invest In Growth

Nxt-ID (NASDAQ:NXTD) Is In A Good Position To Deliver On Growth Plans

Health Check: How Prudently Does Nxt-ID (NASDAQ:NXTD) Use Debt?

Nxt-ID Receives A Determination Letter from the Office of the General Counsel of the Nasdaq Stock Market

Recent updates

LogicMark, Inc., Annual General Meeting, May 22, 2024

LogicMark, Inc. announced delayed annual 10-K filing

LogicMark, Inc. to Report Q4, 2023 Results on Mar 27, 2024

LogicMark, Inc. Announces the Resignation of Thomas W. Wilkinson from the Board

LogicMark, Inc. Unveils First Personal Safety Software App, Aster

LogicMark, Inc. Announces Launch of its New Mobile Medical Alert Device, Freedom Alert Mini

Here's Why Shareholders May Want To Be Cautious With Increasing LogicMark, Inc.'s (NASDAQ:LGMK) CEO Pay Packet

Third quarter 2023 earnings: EPS exceeds analyst expectations

LogicMark, Inc., Annual General Meeting, Dec 20, 2023

LogicMark Expands its Board of Directors

LogicMark, Inc. to Report Q3, 2023 Results on Nov 09, 2023

New major risk - Share price stability

New major risk - Financial position

Second quarter 2023 earnings released: US$1.83 loss per share (vs US$2.50 loss in 2Q 2022)

LogicMark, Inc. to Report Q2, 2023 Results on Aug 10, 2023

LogicMark, Inc.'s (NASDAQ:LGMK) Business And Shares Still Trailing The Industry

First quarter 2023 earnings released: US$1.92 loss per share (vs US$2.89 loss in 1Q 2022)

LogicMark, Inc. to Report Q1, 2023 Results on May 11, 2023

Full year 2022 earnings released: US$0.76 loss per share (vs US$2.23 loss in FY 2021)

LogicMark, Inc. has completed a Composite Units Offering in the amount of $5.199835 million.

LogicMark Announces Brady Farrell as New Vice President of Sales

Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.13 loss in 3Q 2021)

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.13 loss in 3Q 2021)

LogicMark, Inc. to Report Q3, 2022 Results on Nov 10, 2022

Logicmark, Inc. Appoints Garett Hunter as Senior Vice President of Marketing

LogicMark, Inc. Appoints John Federico as Senior Director, Product

Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.22 loss in 2Q 2021)

LogicMark stock gains on strong Q2 earnings

LogicMark, Inc. to Report Q2, 2022 Results on Aug 11, 2022

LogicMark, Inc. Launches Direct-To-Consumer Sales Channel

High number of new and inexperienced directors

LogicMark, Inc., Annual General Meeting, Aug 25, 2022

LogicMark, Inc. Appoints Barbara Gutierrez as Member of Board

Logicmark, Inc. Announces Resignation of Michael D’Almada-Remedios as Member of the Board of Directors

LogicMark, Inc. to Report Q1, 2022 Results on May 12, 2022

LogicMark, Inc. announced delayed annual 10-K filing

Companies Like LogicMark (NASDAQ:LGMK) Are In A Position To Invest In Growth

Nxt-ID Announces Appointment of Sherice Torres to Board of Directors

NXT-ID, Inc. Appoints Mark Archer as Chief Financial Officer

Nxt-ID (NASDAQ:NXTD) Is In A Good Position To Deliver On Growth Plans

Third quarter 2021 earnings released: US$0.13 loss per share (vs US$0.32 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.022 loss per share (vs US$0.023 loss in 2Q 2020)

Health Check: How Prudently Does Nxt-ID (NASDAQ:NXTD) Use Debt?

Nxt-ID Receives A Determination Letter from the Office of the General Counsel of the Nasdaq Stock Market

NXT-ID appoints Chia-Lin Simmons as CEO

Nxt-ID prepays $3M of senior secured term loan facility

Nxt-ID, Inc. announced delayed annual 10-K filing

A Look At The Fair Value Of Nxt-ID, Inc. (NASDAQ:NXTD)

Nxt-ID (NASDAQ:NXTD) Shareholders Have Enjoyed A Whopping 346% Share Price Gain

New 90-day high: US$1.98

Here's Why Nxt-ID (NASDAQ:NXTD) Is Weighed Down By Its Debt Load

Nxt-ID, Inc. Receives Letter from Nasdaq About Regaining Compliance with the Minimum Bid Price Requirement

A Look At The Fair Value Of Nxt-ID, Inc. (NASDAQ:NXTD)

New 90-day high: US$0.92

Nxt-ID, Inc., Annual General Meeting, Nov 24, 2020

Third quarter 2020 earnings released: US$0.032 loss per share

Does Nxt-ID (NASDAQ:NXTD) Have The Makings Of A Multi-Bagger?

Nxt-ID, Inc., Annual General Meeting, Nov 20, 2020

New 90-day low: US$0.32

New 90-day low: US$0.32

New 90-day low - US$0.39

New 90-day high - US$0.66

Nxt-ID, Inc. has completed a Follow-on Equity Offering in the amount of $1.857168 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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