Profound Medical Balance Sheet Health
Financial Health criteria checks 6/6
Profound Medical has a total shareholder equity of $39.2M and total debt of $6.0M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are $50.0M and $10.8M respectively.
Key information
15.2%
Debt to equity ratio
US$5.97m
Debt
| Interest coverage ratio | n/a |
| Cash | US$34.08m |
| Equity | US$39.24m |
| Total liabilities | US$10.79m |
| Total assets | US$50.03m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PROF's short term assets ($48.5M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: PROF's short term assets ($48.5M) exceed its long term liabilities ($5.2M).
Debt to Equity History and Analysis
Debt Level: PROF has more cash than its total debt.
Reducing Debt: PROF's debt to equity ratio has reduced from 65.4% to 15.2% over the past 5 years.
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: PROF has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PROF has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 10.1% each year.