MIND Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.83 Mil. MIND Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.68 Mil. MIND Technology's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $21.20 Mil.
MIND Technology's debt to equity for the quarter that ended in Oct. 2023 was 0.07.
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 MIND Technology's Debt-to-Equity or its related term are showing as below:
MIND'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.23
Current: 0.07
During the past 13 years, the highest Debt-to-Equity Ratio of MIND Technology was 0.23. The lowest was 0.04. And the median was 0.08.
MIND Technology Debt-to-Equity Historical Data
The historical data trend for MIND Technology'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.
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MIND Technology Annual Data
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Trend |
Jan14 |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
| Debt-to-Equity |
|
|
|
|
|
|
- |
0.05 |
0.08 |
0.06 |
0.08 |
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MIND Technology Quarterly Data
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|
Jan19 |
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.08 |
0.08 |
0.21 |
0.23 |
0.07 |
Competitive Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Debt-to-Equity Distribution
For the Hardware industry and Technology sector, MIND Technology's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MIND Technology's Debt-to-Equity falls into.
MIND Technology Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
MIND Technology's Debt to Equity Ratio for the fiscal year that ended in Jan. 2023 is calculated as
MIND Technology's Debt to Equity Ratio for the quarter that ended in Oct. 2023 is calculated as
* 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.
MIND Technology (MIND Technology) Business Description
Traded in Other Exchanges
Address
2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380
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 |
|
MIND Technology (MIND Technology) Headlines
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