MMTec Balance Sheet Health
Financial Health criteria checks 2/6
MMTec has a total shareholder equity of $122.4M and total debt of $32.5M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $157.0M and $34.6M respectively.
Key information
26.6%
Debt to equity ratio
US$32.52m
Debt
Interest coverage ratio | n/a |
Cash | US$1.76m |
Equity | US$122.36m |
Total liabilities | US$34.62m |
Total assets | US$156.99m |
Recent financial health updates
Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?
May 02Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?
Apr 17We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely
Aug 03Recent updates
Would MMTec (NASDAQ:MTC) Be Better Off With Less Debt?
May 02Here's Why MMTec, Inc.'s (NASDAQ:MTC) CEO Compensation Is The Least Of Shareholders Concerns
Nov 03Will MMTec (NASDAQ:MTC) Spend Its Cash Wisely?
Apr 17Mmtec GAAP EPS of -$0.92, revenue of $0.73M
Sep 09MMTEC announces $6M in equity line financing
Aug 11We're Hopeful That MMTec (NASDAQ:MTC) Will Use Its Cash Wisely
Aug 03MMTEC regains compliance with minimum bid price requirement
Jul 28MMTEC washes 19% price on 1-for-10 reverse stock split
Jul 07We're Not Very Worried About Mmtec's (NASDAQ:MTC) Cash Burn Rate
Oct 05Financial Position Analysis
Short Term Liabilities: MTC's short term assets ($3.0M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: MTC's short term assets ($3.0M) do not cover its long term liabilities ($32.6M).
Debt to Equity History and Analysis
Debt Level: MTC's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: MTC's debt to equity ratio has increased from 0% to 26.6% 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 26.1% each year