This company has been acquired
The company may no longer be operating, as it has been acquired. Find out why through their latest events.
Metromile Balance Sheet Health
Financial Health criteria checks 4/6
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$84.34m |
| Equity | US$157.64m |
| Total liabilities | US$137.87m |
| Total assets | US$295.51m |
Recent financial health updates
Recent updates
Metromile: Despite Heightened Risks, It's Time To Buy The Dip
Sep 12Metromile's Growth Runway Is Just Beginning
Aug 17Metromile: Weaker Q2 And Lower Outlook Sent Shares Down 20%
Aug 10Metromile: Promising Small-Cap Insurance Innovator
Aug 01Metromile: Good Progress In Q1, But Still Above 10x Premiums
May 29Metromile will allow customers to pay premiums, get claims in bitcoin
May 06Financial Position Analysis
Short Term Liabilities: MILE's short term assets ($224.0M) exceed its short term liabilities ($40.3M).
Long Term Liabilities: MILE's short term assets ($224.0M) exceed its long term liabilities ($97.6M).
Debt to Equity History and Analysis
Debt Level: MILE is debt free.
Reducing Debt: MILE 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: MILE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MILE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.2% each year