MIND Technology (MIND Technology) Cash-to-Debt

: 3.67 (As of Oct. 2023)

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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. MIND Technology's cash to debt ratio for the quarter that ended in Oct. 2023 was 3.67.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, MIND Technology could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

MIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.79 Max: No Debt
Current: 3.67

During the past 13 years, MIND Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.79.

MIND's Cash-to-Debt is ranked better than
67.57% of 2470 companies
in the Hardware industry
Industry Median: 1.37 vs MIND: 3.67

MIND Technology Cash-to-Debt Historical Data

The historical data trend for MIND Technology'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.

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MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

No Debt

1.34

1.99

2.79

0.45

MIND Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt																0.45	0.45	0.17	0.10	3.67

Competitive Comparison

For the Scientific & Technical Instruments subindustry, MIND Technology'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.

MIND Technology Cash-to-Debt Distribution

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

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

MIND Technology 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.

MIND Technology's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.778	/	(0.903	+	0.846)
	=	0.44

MIND Technology's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	5.569	/	(0.833	+	0.684)
	=	3.67

MIND Technology (NAS:MIND) 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.

MIND Technology Cash-to-Debt Related Terms

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MIND Technology (MIND Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (NAS:MIND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Executives

Peter H Blum	director	999 18TH STREET, STE 1700, DENVER CO 80202
Alan Perry Baden	director	2635 SUTTON COURT, HOUSTON TX 77027
Nancy Jean Harned	director	2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Mark Alan Cox	officer: Principal Accounting Officer	1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Guy Malden	officer: Co-CEO and EVP	P O BOX 1175, HUNTSVILLE TX 77342
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Robert John Albers	director	2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147
Robert P Capps	director, officer: Co-CEO and CFO
Dennis Patrick Morris	officer: Chief Operating Officer	7026 TEAL LOOP, GIG HARBOR WA 98335
William Hunter Hilarides	director	10710 OX CROFT CT., FAIRFAX STATION VA 22039
Midwood Capital Management Llc	10 percent owner	575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116
Paul Guy Rogers	officer: VP - Business Development
John F Schwalbe	director
R Dean Lewis	director