MIND Technology, Inc. (MIND) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Total Current Assets | 46.74M | 44.88M | 42.78M | 31.73M | 31.71M | 32.12M | 31.26M | 32.63M | 29.51M | 28.34M | 24.41M | 24.56M | 23.63M | 22.23M | 23.16M | 23.88M | 26.02M | 29.25M | 23.34M | 23.59M |
| Cash & Short-Term Investments | 17.66M | 19.05M | 19.39M | 7.83M | 9.17M | 5.34M | 3.5M | 1.9M | 924K | 5.29M | 5.57M | 494K | 815K | 778K | 812K | 833K | 817K | 5.11M | 622K | 2.06M |
| Cash Only | 17.66M | 19.05M | 19.39M | 7.83M | 9.17M | 5.34M | 3.5M | 1.9M | 924K | 5.29M | 5.57M | 494K | 815K | 778K | 812K | 833K | 817K | 5.11M | 622K | 2.06M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.52M | 12.57M | 10.61M | 10.93M | 7.78M | 11.82M | 9.47M | 9.59M | 9.41M | 6.57M | 3.88M | 7.14M | 7.39M | 3.25M | 3.9M | 6.66M | 9.4M | 8.13M | 9.48M | 5.1M |
| Days Sales Outstanding | 133.82 | 108.83 | 102.24 | 63.45 | 110.35 | 65.09 | 72.42 | 87.08 | 74.29 | 35.93 | 101.96 | 88.42 | 44.67 | 37.04 | 159.79 | 84.76 | 85.81 | 215.43 | 80.34 | 59.12 |
| Inventory | 10.98M | 11.15M | 11.71M | 11.82M | 13.45M | 13.74M | 17.25M | 19.07M | 16.16M | 13.37M | 13.26M | 15.65M | 14.34M | 11.03M | 16.84M | 14.42M | 14.24M | 14.01M | 11.5M | 11.93M |
| Days Inventory Outstanding | 176.62 | 174.58 | 200.92 | 167.24 | 252.3 | 163.61 | 241.94 | 294.97 | 232.05 | 165.05 | 446.62 | 280.28 | 176.53 | 258.98 | 573.56 | 233.71 | 200.27 | 281.61 | 190.02 | 215.65 |
| Other Current Assets | 1.59M | 2.11M | 1.07M | 1.15M | 1.31M | 1.22M | 1.04M | 2.08M | 3.01M | 3.11M | 1.7M | 1.27M | 1.09M | 7.18M | 1.61M | 178K | 3K | 159K | 588K | 3.31M |
| Total Non-Current Assets | 4.02M | 4.38M | 4.56M | 4.1M | 4.52M | 4.61M | 4.84M | 5.2M | 5.35M | 5.15M | 5.42M | 9.66M | 10.21M | 10.62M | 11.1M | 11.7M | 11.76M | 12.78M | 11.96M | 12.46M |
| Property, Plant & Equipment | 2.11M | 2.33M | 2.44M | 2M | 2.27M | 2.21M | 2.3M | 2.51M | 2.52M | 2.14M | 2.35M | 5.25M | 5.55M | 2.7M | 5.91M | 6.01M | 5.59M | 6.11M | 5.77M | 6.01M |
| Fixed Asset Turnover | 4.36x | 4.11x | 4.37x | 6.35x | 3.53x | 6.67x | 5.03x | 3.99x | 4.16x | 5.96x | 1.31x | 1.40x | 2.57x | 2.06x | 0.51x | 1.50x | 1.55x | 0.63x | 1.42x | 1.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.61M | 1.75M | 1.89M | 2.02M | 2.16M | 2.31M | 2.42M | 2.57M | 2.71M | 2.89M | 3.07M | 4.42M | 4.66M | 3.63M | 5.19M | 5.47M | 5.74M | 6.02M | 6.19M | 6.46M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213K | 428K | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.29M | 0 | 213K | 428K | 650K | 0 | 0 |
| Total Assets | 50.76M | 49.27M | 47.34M | 35.83M | 36.23M | 36.72M | 36.11M | 37.84M | 34.86M | 33.49M | 29.84M | 34.23M | 33.84M | 32.86M | 34.26M | 35.57M | 37.78M | 42.02M | 35.3M | 36.05M |
| Asset Turnover | 0.19x | 0.20x | 0.23x | 0.38x | 0.22x | 0.41x | 0.33x | 0.28x | 0.28x | 0.42x | 0.16x | 0.22x | 0.32x | 0.26x | 0.09x | 0.24x | 0.23x | 0.10x | 0.23x | 0.19x |
| Asset Growth % | 40.13% | 34.17% | 31.12% | -5.3% | 3.91% | 9.64% | 21.02% | 10.55% | 3.01% | 1.93% | -12.91% | -3.78% | -10.42% | -21.8% | -2.96% | -1.33% | 6.37% | 5.68% | -13.46% | -17.11% |
| Total Current Liabilities | 8.98M | 7.44M | 6.82M | 6.62M | 8.94M | 8.64M | 10.03M | 12.36M | 10.22M | 10.28M | 7.91M | 11.98M | 9.95M | 8.93M | 10.33M | 8.32M | 9.62M | 10.7M | 9.13M | 7.53M |
| Accounts Payable | 1.5M | 1.21M | 1.7M | 1.18M | 2.01M | 2.56M | 2.18M | 4.39M | 1.7M | 1.62M | 1.13M | 2.46M | 1.21M | 2.49M | 4.19M | 2.46M | 2.08M | 2.05M | 3.19M | 2.15M |
| Days Payables Outstanding | 21.66 | 22.24 | 24.57 | 21.12 | 42.39 | 25.01 | 43.74 | 50.99 | 26.13 | 17.04 | 55.39 | 34.25 | 25.75 | 62.14 | 122.04 | 37.05 | 29.28 | 57.81 | 43.3 | 38.39 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.34M | 3.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.5M | 1.29M | 560K | 1.33M | 2.32M | 1.79M | 3.36M | 3.15M | 561K | 3.65M | 130K | 309K | 486K | 359K | 135K | 441K | 559K | 2.83M | 314K | 459K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 232K | 0 | 0 | 0 | 260K | 0 | 0 | 0 | 2.99M | 0 | 202K | 271K | 1.71M | 861K | 705K |
| Current Ratio | 5.20x | 6.03x | 6.28x | 4.79x | 3.55x | 3.71x | 3.12x | 2.64x | 2.89x | 2.76x | 3.09x | 2.05x | 2.38x | 2.49x | 2.24x | 2.87x | 2.71x | 2.73x | 2.56x | 3.13x |
| Quick Ratio | 3.98x | 4.53x | 4.56x | 3.01x | 2.04x | 2.12x | 1.40x | 1.10x | 1.31x | 1.46x | 1.41x | 0.74x | 0.93x | 1.25x | 0.61x | 1.14x | 1.22x | 1.42x | 1.30x | 1.55x |
| Cash Conversion Cycle | 288.78 | 261.18 | 278.6 | 209.57 | 320.26 | 203.7 | 270.62 | 331.06 | 280.21 | 183.93 | 493.19 | 334.44 | 195.45 | 233.89 | 611.31 | 281.42 | 256.8 | 439.22 | 227.06 | 236.38 |
| Total Non-Current Liabilities | 255K | 406K | 585K | 366K | 651K | 743K | 866K | 985K | 997K | 573K | 725K | 764K | 1.04M | 875K | 1.67M | 1.59M | 1.04M | 1.06M | 1.31M | 1.2M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 255K | 406K | 585K | 366K | 651K | 743K | 866K | 985K | 997K | 573K | 684K | 723K | 1.01M | 846K | 1.58M | 1.5M | 944K | 966K | 1.12M | 1M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41K | 41K | 29K | 29K | 92K | 92K | 92K | 92K | 198K | 198K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9.24M | 7.85M | 7.4M | 6.99M | 9.59M | 9.39M | 10.9M | 13.35M | 11.22M | 10.85M | 8.63M | 12.75M | 10.98M | 9.81M | 12M | 9.91M | 10.65M | 11.76M | 10.44M | 8.73M |
| Total Debt | 910K | 1.09M | 1.27M | 841K | 1.22M | 1.32M | 1.53M | 1.73M | 1.73M | 1.32M | 1.52M | 4.97M | 4.9M | 1.75M | 1.81M | 2M | 1.53M | 1.83M | 1.42M | 1.57M |
| Net Debt | -16.75M | -17.96M | -18.12M | -6.99M | -7.95M | -4.02M | -1.98M | -172K | 801K | -3.96M | -4.05M | 4.47M | 4.09M | 971K | 995K | 1.17M | 714K | -3.28M | 802K | -488K |
| Debt / Equity | 0.02x | 0.03x | 0.03x | 0.03x | 0.05x | 0.05x | 0.06x | 0.07x | 0.07x | 0.06x | 0.07x | 0.23x | 0.21x | 0.08x | 0.08x | 0.08x | 0.06x | 0.06x | 0.06x | 0.06x |
| Debt / EBITDA | 3.76x | 3.68x | 1.28x | 0.29x | - | 0.44x | 0.73x | 1.04x | 1.73x | 0.51x | - | - | 5.45x | 1.88x | - | - | - | - | - | - |
| Net Debt / EBITDA | -69.20x | -60.46x | -18.38x | -2.43x | - | -1.34x | -0.94x | -0.10x | 0.80x | -1.52x | - | - | 4.54x | 1.05x | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | 2.39x | -8.45x | -3.25x | 2.41x | - | - | -20.41x | -20.98x | -45.94x | - | - |
| Total Equity | 41.52M | 41.42M | 39.94M | 28.84M | 26.63M | 27.33M | 25.21M | 24.49M | 23.64M | 22.64M | 21.2M | 21.48M | 22.86M | 23.05M | 22.25M | 25.66M | 27.13M | 30.26M | 24.86M | 27.32M |
| Equity Growth % | 55.91% | 51.53% | 58.46% | 17.79% | 12.65% | 20.72% | 18.88% | 14.02% | 3.42% | -1.78% | -4.73% | -16.31% | -15.73% | -23.83% | -10.48% | -6.07% | 2.11% | -0.5% | -19.69% | -18.91% |
| Book Value per Share | 4.57 | 4.58 | 5.01 | 3.62 | 3.34 | 3.43 | 4.61 | 4.46 | 4.30 | 4.12 | 3.86 | 3.89 | 4.14 | 4.18 | 4.04 | 4.65 | 4.92 | 5.49 | 4.51 | 4.96 |
| Total Shareholders' Equity | 41.52M | 41.42M | 39.94M | 28.84M | 26.63M | 27.33M | 25.21M | 24.49M | 23.64M | 22.64M | 21.2M | 21.48M | 22.86M | 23.05M | 22.25M | 25.66M | 27.13M | 30.26M | 24.86M | 27.32M |
| Common Stock | 91K | 91K | 90K | 80K | 80K | 80K | 80K | 14K | 14K | 14K | 14K | 157K | 157K | 16K | 157K | 157K | 157K | 157K | 157K | 157K |
| Retained Earnings | -108.11M | -107.7M | -107.43M | -107.49M | -109.42M | -108.45M | -110.48M | -126.56M | -127.35M | -128.31M | -129.75M | -129.37M | -127.88M | -127.64M | -128.3M | -123.14M | -121.22M | -117.86M | -111.05M | -107.78M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.86M | -16.86M | -16.86M | -16.86M | -16.86M | -16.86M | -16.86M | -16.86M | -16.86M |
| Accumulated OCI | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 34K | 33K | -1.58M | -1.88M | -1.88M | -4.34M | -4.32M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |