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Mind Medicine mindmed Inc   (MNMD)
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Mind Medicine Mindmed Inc 's Quick Ratio

MNMD's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Mind Medicine Mindmed Inc 's Cash & cash equivalent grew by 0.69 % in the III Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Mind Medicine Mindmed Inc 's Quick Ratio to 6.67, Quick Ratio remained below Mind Medicine mindmed Inc average.

Within Legal Cannabis industry only one company has achieved higher Quick Ratio in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 118 to 441.

Explain Quick Ratio?
How much Cash & cash equivalents MNMD´s has?
What are MNMD´s Current Liabilities?


MNMD Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 112.8 % 135.38 % -14.7 % - -
Y / Y Cash & cash equivalent Change -23.83 % 10.55 % 7.42 % - -
Quick Ratio MRQ 6.67 6.31 14.37 17.79 18.64
MNMD's Total Ranking # 441 # 118 # 49 # 131 # 203
Seq. Current Liabilities Change -4.77 % 105.7 % 12.76 % -3.65 % 5.34 %
Seq. Cash & cash equivalent Change 0.69 % -9.67 % -8.96 % -8.01 % 46.13 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Legal Cannabis Industry # 2
Consumer Non Cyclical Sector # 4
Overall Market # 441


Quick Ratio Statistics
High Average Low
18.64 12.66 6.31
(Sep 30 2022)   (Jun 30 2023)




Financial Statements
Mind Medicine Mindmed Inc 's Current Liabilities $ 18 Millions Visit MNMD's Balance sheet
Mind Medicine Mindmed Inc 's Cash & cash equivalent $ 118 Millions Visit MNMD's Balance sheet
Source of MNMD's Sales Visit MNMD's Sales by Geography


Cumulative Mind Medicine Mindmed Inc 's Quick Ratio

MNMD's Quick Ratio for the trailling 12 Months

MNMD Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 112.8 % 135.38 % -14.7 % - -
Y / Y Cash & cash equivalent TTM Growth -23.83 % 10.55 % 7.42 % - -
Quick Ratio TTM 9.52 12.39 16.04 15.06 14.25
Total Ranking TTM # 3453 # 3513 # 3432 # 2508 # 0
Seq. Current Liabilities TTM Growth -4.77 % 105.7 % 12.76 % -3.65 % 5.34 %
Seq. Cash & cash equivalent TTM Growth 0.69 % -9.67 % -8.96 % -8.01 % 46.13 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the III Quarter 2023 to $17.64 millions, cumulative Quick Ratio decreased to 9.52 above the MNMD average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Legal Cannabis industry 16 other companies have achieved higher Quick Ratio than Mind Medicine Mindmed Inc . While Quick Ratio overall ranking has improved so far to 3453, from total ranking during the twelve months ending second quarter 2023 at 3513.

Explain Quick Ratio?
How much Cash & cash equivalents MNMD´s has?
What are MNMD´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Legal Cannabis Industry # 17
Consumer Non Cyclical Sector # 138
Within the Market # 3453


trailing twelve months Quick Ratio Statistics
High Average Low
8.38 6.33 4.68
(Dec 31 2022)   (Sep 30 2023)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Legal Cannabis Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Mind Medicine mindmed Inc   6.67 $ 117.699  Millions$ 17.643  Millions
Biote Corp   3.85 $ 85.575  Millions$ 22.223  Millions
Usana Health Sciences Inc   2.73 $ 307.081  Millions$ 112.559  Millions
Canopy Growth Corporation  1.42 $ 213.228  Millions$ 150.329  Millions

Date modified: 2023-11-03T16:05:31+00:00



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