MiMedia Holdings (TSXV:MIM) Equity-to-Asset : -1.45 (As of Dec. 2023)

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What is MiMedia Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MiMedia Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-3.81 Mil. MiMedia Holdings's Total Assets for the quarter that ended in Dec. 2023 was C$2.63 Mil. Therefore, MiMedia Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -1.45.

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

TSXV:MIM' s Equity-to-Asset Range Over the Past 10 Years
Min: -103.69 Med: -0.96 Max: 0.28
Current: -1.45

During the past 4 years, the highest Equity to Asset Ratio of MiMedia Holdings was 0.28. The lowest was -103.69. And the median was -0.96.

TSXV:MIM's Equity-to-Asset is ranked worse than
96.46% of 2850 companies
in the Software industry
Industry Median: 0.54 vs TSXV:MIM: -1.45

MiMedia Holdings Equity-to-Asset Historical Data

The historical data trend for MiMedia Holdings's Equity-to-Asset 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 Equity-to-Asset Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-103.69

-0.47

0.28

-1.45

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.28	-0.05	-0.53	-0.69	-1.45

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

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

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

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

MiMedia Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-3.813	/	2.627
	=	-1.45

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-3.813	/	2.627
	=	-1.45

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

MiMedia Holdings Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of MiMedia Holdings's Equity-to-Asset 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 » Equity-to-Asset

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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