|Symbol||Name||Industry||Last Price||Chg%||Market Cap||Avg Monthly Burn Rate||Cash Balance||Shareholders Equity||Months to Burnout (Runway)||Technical Indicator||Avg Option Volume||IV Rank|
The burn rate is the amount of money a company is spending to cover operating expenses without generating enough profits. The burn rate is expressed as a monthly rate.
The runway is the amount of time the company has left, assuming the monthly burn rate continues, before it runs out of cash and needs to raise more capital. This may be an indicator that the company might issue more stock or debt securities to raise more capital, which can have the effect of diluting shareholders.
We sum the last 4 quarters of cash flow from continuing operating activity and divide by 12 to get the average monthly burn rate. You can see each company's operating cash flow from the Cash Flow Statement simply by clicking on the symbol in the report.
We divide the amount of cash balance by the average monthly burn rate.