MMTec Balance Sheet Health

Financial Health criteria checks 1/6

MMTec has a total shareholder equity of $94.7M and total debt of $30.8M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are $133.3M and $38.6M respectively.

Key information

32.5%

Debt to equity ratio

US$30.77m

Debt

Interest coverage ration/a
CashUS$3.04m
EquityUS$94.70m
Total liabilitiesUS$38.57m
Total assetsUS$133.27m

Recent financial health updates

Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?

May 02
Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?

Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?

Apr 17
Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?

We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely

Aug 03
We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely

Recent updates

Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?

May 02
Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?

Here's Why MMTec, Inc.'s (NASDAQ:MTC) CEO Compensation Is The Least Of Shareholders Concerns

Nov 03
Here's Why MMTec, Inc.'s (NASDAQ:MTC) CEO Compensation Is The Least Of Shareholders Concerns

Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?

Apr 17
Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?

Mmtec GAAP EPS of -$0.92, revenue of $0.73M

Sep 09

MMTEC announces $6M in equity line financing

Aug 11

We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely

Aug 03
We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely

MMTEC regains compliance with minimum bid price requirement

Jul 28

MMTEC washes 19% price on 1-for-10 reverse stock split

Jul 07

We're Not Very Worried About Mmtec's (NASDAQ:MTC) Cash Burn Rate

Oct 05
We're Not Very Worried About Mmtec's (NASDAQ:MTC) Cash Burn Rate

Financial Position Analysis

Short Term Liabilities: MTC's short term assets ($3.6M) do not cover its short term liabilities ($7.7M).

Long Term Liabilities: MTC's short term assets ($3.6M) do not cover its long term liabilities ($30.9M).


Debt to Equity History and Analysis

Debt Level: MTC's net debt to equity ratio (29.3%) is considered satisfactory.

Reducing Debt: MTC's debt to equity ratio has increased from 0% to 32.5% 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: MTC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MTC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.8% each year


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:29
End of Day Share Price 2024/12/19 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

MMTec, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution