Medinotec Balance Sheet Health
Financial Health criteria checks 5/6
Medinotec has a total shareholder equity of $2.6M and total debt of $2.0M, which brings its debt-to-equity ratio to 75.9%. Its total assets and total liabilities are $4.7M and $2.1M respectively.
Key information
75.9%
Debt to equity ratio
US$1.99m
Debt
Interest coverage ratio | n/a |
Cash | US$2.71m |
Equity | US$2.62m |
Total liabilities | US$2.07m |
Total assets | US$4.70m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDNC's short term assets ($3.6M) exceed its short term liabilities ($81.0K).
Long Term Liabilities: MDNC's short term assets ($3.6M) exceed its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: MDNC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MDNC's debt to equity ratio has reduced 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: MDNC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MDNC has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 134.9% each year.