Clearmind Medicine Balance Sheet Health
Financial Health criteria checks 6/6
Clearmind Medicine has a total shareholder equity of $3.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.2M and $4.7M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.68m |
| Equity | US$3.47m |
| Total liabilities | US$4.70m |
| Total assets | US$8.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMND's short term assets ($8.0M) exceed its short term liabilities ($4.7M).
Long Term Liabilities: CMND's short term assets ($8.0M) exceed its long term liabilities ($25.6K).
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 1.6 years if free cash flow continues to reduce at historical rates of 48.7% each year.