MIGI (Mawson Infrastructure Group) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is Mawson Infrastructure Group 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. Mawson Infrastructure Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mawson Infrastructure Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

MIGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.23 Max: 986.2
Current: 0.22

During the past 13 years, Mawson Infrastructure Group's highest Cash to Debt Ratio was 986.20. The lowest was 0.03. And the median was 0.23.

MIGI's Cash-to-Debt is ranked worse than
84.46% of 785 companies
in the Capital Markets industry
Industry Median: 2.36 vs MIGI: 0.22

Mawson Infrastructure Group Cash-to-Debt Historical Data

The historical data trend for Mawson Infrastructure Group'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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Mawson Infrastructure Group Cash-to-Debt Chart

Mawson Infrastructure Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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33.09

3.19

0.24

0.03

0.21

Mawson Infrastructure Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.21	0.31	0.27	0.22

Competitive Comparison of Mawson Infrastructure Group's Cash-to-Debt

For the Capital Markets subindustry, Mawson Infrastructure Group'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.

Mawson Infrastructure Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mawson Infrastructure Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mawson Infrastructure Group's Cash-to-Debt falls into.

Mawson Infrastructure Group 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.

Mawson Infrastructure Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	4.476	/	(20.802	+	1.066)
	=	0.20

Mawson Infrastructure Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	5.758	/	(22.92	+	3.131)
	=	0.22

Mawson Infrastructure Group (NAS:MIGI) 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.

Mawson Infrastructure Group Cash-to-Debt Related Terms

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Mawson Infrastructure Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mawson Infrastructure Group Inc (NAS:MIGI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

950 Railroad Avenue, Midland, PA, USA, 15059

Website

https://www.mawsoninc.com

Mawson Infrastructure Group Inc is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management. Its mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a focus on shareholder returns. The Company has three primary businesses; digital currency or Bitcoin self-mining, customer co-location and related services, and energy markets. It operates in a single segment surrounding its digital currency mining operation.

Executives

Rahul Mewawalla	director	265 TURNER DRIVE, DURANGO CO 80202
Michael Forrest Hughes	director	21/6A GREENKNOWE AVE, ELIZABETH BAY C3 2011
Ariel Humberto Sivikofsky	officer: Principal Accounting Officer	207-209 DERRIBONG DRIVE, CORDEAUX HEIGHTS C3 2526
Nicholas Jeremy Hughes-jones	officer: Chief Commercial Officer	LEVEL 5, 97 PACIFIC HIGHWAY, NORTH SYDNEY C3 2060
Hetal Majithia	officer: Chief Financial Officer	5/44 BAYSWATER ROAD, RUSHCUTTERS BAY C3 2011
James Edward Manning	director, 10 percent owner, officer: Chief Executive Officer	301 EDGECLIFF RD, WOOLLAHRA C3 2025
Martin Gregory John Walton	director	65 NEERIM ROAD, CASTLE COVE C3 2069
Jonathan Brian Rubini	10 percent owner	2655 MARSTON DRIVE, ANCHORAGE AK 99517
Noam Danenberg	officer: Chief Operating Officer	4 BOROCHOV ST, HOD HASHARON L3 4520404
Or Eisenberg	officer: Acting CEO, CFO, Treas & Secy.	2 WISSOTZKY ST, TEL AVIV L3 6250204
Liam Daniel Wilson	officer: Chief Operating Officer	APARTMENT PHE, 100 JANE ST, WEST VILLAGE NY 10014
Rimon Gold Assets Ltd	10 percent owner	RAVEN RAVID & CO., 32A HABARZEL ST., TEL AVIV L3 6971047
Mark M Sieczkarek	director, officer: Chairman
Michael Belkin	director	4 ALONIM ST., GIVATE, SHMUEL L3 54044
Yaakov Zarachia	10 percent owner	10 TZEMACH TZEDEK ST., LOD L3 7132130