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
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/14 17:41 |
| End of Day Share Price | 2023/12/12 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Miromatrix Medical Inc. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Nowak | Craig-Hallum Capital Group LLC |
| Matthew O'Brien | Piper Sandler Companies |