Clearmind Medicine Balance Sheet Health
Financial Health criteria checks 6/6
Clearmind Medicine has a total shareholder equity of $5.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $10.1M and $5.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$9.37m |
Equity | US$5.04m |
Total liabilities | US$5.06m |
Total assets | US$10.10m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMND's short term assets ($9.8M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: CMND's short term assets ($9.8M) exceed its long term liabilities ($30.5K).
Debt to Equity History and Analysis
Debt Level: CMND is debt free.
Reducing Debt: CMND has not had any debt for 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: CMND has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CMND has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 58.4% each year.