The cash runway formula
Runway is one division, but the input that matters is net burn, not gross spend:
net burn = money out - money in runway = cash in bank / net burn
The reason runway is worth calculating rather than eyeballing is that it moves non-linearly. Cutting spend by 10 percent does not add 10 percent to your runway, it adds more, because you are shrinking the denominator. That is why the levers panel above is the useful part: it turns an abstract number into a decision.
For the reasoning behind the number, read when will you run out of cash, and to separate the two burn figures cleanly, use the burn rate calculator.