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MannKind stock: balance sheet and debt

MNKD
$4.16Closing price of 12 Nov 2026MEQIRI Score 39 out of 100

MannKind has a debt to equity ratio of −9.28 and an interest coverage of 1.1x.

Daily figure as of 13 Nov 2026

Debt / Equity
−9.28
Interest coverage
1.1x
Current ratio
1.7
Cash & equivalents
$171.35M
Total assets
$792.18M
Equity ratio
−6.4%
Goodwill
$67.6M
Plus intangible assets of $5.07M
Net debt
$302.04M

Total assets and equity ratio

How large the balance sheet of MannKind Corporation is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2006$539.74Mnot reported separatelynot reported separately71.1%−$325.21M
2007$543.44Mnot reported separatelynot reported separately67.0%−$256.52M
2008$282.46Mnot reported separatelynot reported separately30.7%$95.76M
2009$247.4Mnot reported separatelynot reported separately−23.9%$245.27M
2010$277.26Mnot reported separatelynot reported separately−66.9%$374.22M
2011$199.55Mnot reported separatelynot reported separately−157.2%$484.65M
2012$251.31Mnot reported separatelynot reported separately−44.0%$155.38M
2013$258.65Mnot reported separatelynot reported separately−11.9%$77.17M
2014$394.44Mnot reported separatelynot reported separately−18.7%−$71.32M
2015$126.41Mnot reported separatelynot reported separately−277.1%$80.43M
2016$107.06Mnot reported separatelynot reported separately−171.5%$125.6M
2017$84.58Mnot reported separatelynot reported separately−253.9%$112.88M
2018$107.71Mnot reported separatelynot reported separately−162.6%$31.33M
2019$93.73Mnot reported separatelynot reported separately−203.3%$71.53M
2020$108.61Mnot reported separatelynot reported separately−166.1%$56.43M
2021$321.16Mnot reported separatelynot reported separately−65.2%$85.1M
2022$295.28M$3.58M$2.43M−84.8%$117.55M
2023$475.2M$3M$1.93M−51.8%−$22.48M
2024$393.84M$7.2M$1.93M−20.0%−$149.56M
2025$792.18M$72.67M$67.6M−6.4%$302.04M

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2006$436.48M$383.49M$111.27M0.29
2007$368.29M$364.1M$111.76M0.31
2008$46.49M$86.73M$142.25M1.64
2009$32.49M−$59.22M$277.77M−4.69
2010$70.43M−$185.53M$444.65M−2.4
2011$3.2M−$313.65M$487.85M−1.56
2012$61.84M−$110.68M$217.22M−1.96
2013$70.79M−$30.71M$147.96M−4.82
2014$120.84M−$73.77M$49.52M−0.67
2015$59.07M−$350.33M$139.51M−0.4
2016$22.9M−$183.59M$148.5M−0.81
2017$43.95M−$214.73M$156.82M−0.73
2018$71.16M−$175.08M$102.49M−0.59
2019$49.88M−$190.53M$121.41M−0.64
2020$67.01M−$180.42M$123.44M−0.68
2021$204.12M−$209.35M$289.22M−1.38
2022$170.85M−$250.54M$288.4M−1.15
2023$295.1M−$246.17M$272.62M−1.11
2024$197.26M−$78.82M$47.7M−0.61
2025$171.35M−$51.02M$473.38M−9.28

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 27 Feb 2026)
  • Valuation signal Overvalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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