Miromatrix Medical Balance Sheet Health
Financial Health criteria checks 3/6
Miromatrix Medical has a total shareholder equity of $15.5M and total debt of $386.0K, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are $23.4M and $7.9M respectively.
Key information
2.5%
Debt to equity ratio
US$386.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$16.06m |
| Equity | US$15.54m |
| Total liabilities | US$7.88m |
| Total assets | US$23.42m |
Recent financial health updates
Miromatrix Medical (NASDAQ:MIRO) Will Have To Spend Its Cash Wisely
Oct 28
We're A Little Worried About Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Rate
Jul 01Here's Why We're A Bit Worried About Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Situation
Mar 08Here's Why We're Watching Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Situation
Sep 30Recent updates
Miromatrix Medical (NASDAQ:MIRO) Will Have To Spend Its Cash Wisely
Oct 28We're A Little Worried About Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Rate
Jul 01Here's Why We're A Bit Worried About Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Situation
Mar 08Here's Why We're Watching Miromatrix Medical's (NASDAQ:MIRO) Cash Burn Situation
Sep 30Miromatrix gets US patent for recellularizing technology for use in organ transplant
Aug 25Miromatrix Medical GAAP EPS of -$0.40 misses by $0.07, revenue of $3.95M
Aug 15Financial Position Analysis
Short Term Liabilities: MIRO's short term assets ($17.2M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: MIRO's short term assets ($17.2M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: MIRO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MIRO'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: MIRO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIRO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.8% each year