Mindtell Technology (HKSE:08611) Cash-to-Debt : 1.86 (As of Nov. 2024)

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What is Mindtell Technology 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. Mindtell Technology's cash to debt ratio for the quarter that ended in Nov. 2024 was 1.86.

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, Mindtell Technology could pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

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

HKSE:08611' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 3.68 Max: 33
Current: 1.86

During the past 9 years, Mindtell Technology's highest Cash to Debt Ratio was 33.00. The lowest was 0.26. And the median was 3.68.

HKSE:08611's Cash-to-Debt is ranked worse than
55.43% of 2800 companies
in the Software industry
Industry Median: 2.63 vs HKSE:08611: 1.86

Mindtell Technology Cash-to-Debt Historical Data

The historical data trend for Mindtell 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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Mindtell Technology Cash-to-Debt Chart

Mindtell Technology Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Cash-to-Debt

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10.38

7.31

3.68

2.01

1.86

Mindtell Technology Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	May24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															2.58	N/A	2.01	3.23	1.86

Competitive Comparison of Mindtell Technology's Cash-to-Debt

For the Information Technology Services subindustry, Mindtell 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.

Mindtell Technology's Cash-to-Debt Distribution in the Software Industry

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

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

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Mindtell 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.

Mindtell Technology's Cash to Debt Ratio for the fiscal year that ended in Nov. 2024 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)
	=	5.411	/	(1.781	+	1.123)
	=	1.86

Mindtell Technology's Cash to Debt Ratio for the quarter that ended in Nov. 2024 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)
	=	5.411	/	(1.781	+	1.123)
	=	1.86

Mindtell Technology (HKSE:08611) 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.

Mindtell Technology Cash-to-Debt Related Terms

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Mindtell Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mindtell Technology Ltd (HKSE:08611) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan USJ 25/1, B-7-7, Sky Park at One City, Subang Jaya, SGR, MYS, 47650

Website

https://www.mindtelltech.com

Mindtell Technology Ltd is an information technology service provider based in Malaysia and principally engaged in the design, procurement, installation and maintenance of customised systems application for corporate customers. The company's services mainly include system integration and development services, IT outsourcing services and maintenance and consultancy services. the Group's reportable and operating segments are: System integration and development services; IT outsourcing services and maintenance and consultancy services. It derives maximum revenue from System integration and development services segment. The company geographically operates in Indonesia and Malaysia.

Executives

Liu Yan Chee James	2101 Beneficial owner
Koh Chie Seng	2201 Interest of corporation controlled by you
Enernix Limited	2201 Interest of corporation controlled by you
Chong Yee Ping	2201 Interest of corporation controlled by you
Delicate Edge Limited	2101 Beneficial owner
King Nordic Limited	2101 Beneficial owner
Siah Jiin Shyang
Siah Jiinshyang	2201 Interest of corporation controlled by you
Lam Pang	2101 Beneficial owner

Mindtell Technology Headlines

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