MiMedia Holdings (TSXV:MIM) Debt-to-Equity : -1.36 (As of Dec. 2023)

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What is MiMedia Holdings Debt-to-Equity?

MiMedia Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. MiMedia Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.17 Mil. MiMedia Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-3.81 Mil. MiMedia Holdings's debt to equity for the quarter that ended in Dec. 2023 was -1.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

TSXV:MIM' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.36 Med: -0.34 Max: -0.2
Current: -1.36

During the past 4 years, the highest Debt-to-Equity Ratio of MiMedia Holdings was -0.20. The lowest was -1.36. And the median was -0.34.

TSXV:MIM's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:MIM: -1.36

MiMedia Holdings Debt-to-Equity Historical Data

The historical data trend for MiMedia Holdings's Debt-to-Equity 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.

* Premium members only.

MiMedia Holdings Debt-to-Equity Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.20

-0.34

-1.36

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	-15.54	-2.06	-1.99	-1.36

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

For the Software - Infrastructure subindustry, MiMedia Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Software Industry

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

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

MiMedia Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5.172)	/	-3.813
	=	-1.36

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5.172)	/	-3.813
	=	-1.36

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MiMedia Holdings Debt-to-Equity Related Terms

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MiMedia Holdings (TSXV:MIM) Business Description

Industry

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

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

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