MiMedia Holdings (TSXV:MIM) Cash-to-Debt : 0.45 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is MiMedia Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. MiMedia Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, MiMedia Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MiMedia Holdings's Cash-to-Debt or its related term are showing as below:

TSXV:MIM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.45 Max: No Debt
Current: 0.45

During the past 4 years, MiMedia Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 0.45.

TSXV:MIM's Cash-to-Debt is ranked worse than
76.71% of 2718 companies
in the Software industry
Industry Median: 2.43 vs TSXV:MIM: 0.45

MiMedia Holdings Cash-to-Debt Historical Data

The historical data trend for MiMedia Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

MiMedia Holdings Cash-to-Debt Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.26

No Debt

0.45

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	1.22	0.81	0.67	0.45

Competitive Comparison of MiMedia Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, MiMedia Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MiMedia Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, MiMedia Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MiMedia Holdings's Cash-to-Debt falls into.

MiMedia Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

MiMedia Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.308	/	(0	+	5.172)
	=	0.45

MiMedia Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.308	/	(0	+	5.172)
	=	0.45

MiMedia Holdings (TSXV:MIM) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

MiMedia Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MiMedia Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MiMedia Holdings (TSXV:MIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MiMedia Holdings Inc (TSXV:MIM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o WeWork, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.mimedia.com

MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

MiMedia Holdings (TSXV:MIM) Headlines

No Headlines