Moving iMage Technologies (Moving iMage Technologies) Cash-to-Debt : 17.36 (As of Dec. 2023)

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What is Moving iMage Technologies 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. Moving iMage Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.36.

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, Moving iMage Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MITQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 11.75 Max: No Debt
Current: 17.36

During the past 6 years, Moving iMage Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 11.75.

MITQ's Cash-to-Debt is ranked better than
82.68% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs MITQ: 17.36

Moving iMage Technologies Cash-to-Debt Historical Data

The historical data trend for Moving iMage Technologies'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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Moving iMage Technologies Cash-to-Debt Chart

Moving iMage Technologies Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.40

0.50

No Debt

15.35

Moving iMage Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															10.69	12.82	15.35	17.60	17.36

Competitive Comparison of Moving iMage Technologies's Cash-to-Debt

For the Communication Equipment subindustry, Moving iMage Technologies'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.

Moving iMage Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Moving iMage Technologies's Cash-to-Debt falls into.

Moving iMage Technologies 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.

Moving iMage Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	6.616	/	(0.28	+	0.151)
	=	15.35

Moving iMage Technologies's Cash to Debt Ratio for the quarter 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)
	=	5.139	/	(0.296	+	0)
	=	17.36

Moving iMage Technologies (AMEX:MITQ) 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.

Moving iMage Technologies Cash-to-Debt Related Terms

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Moving iMage Technologies (Moving iMage Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

17760 Newhope Street, Fountain Valley, CA, USA, 92708

Website

http://www.movingimagetech.com

Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.

Executives

William F Greene	officer: Interim CFO	12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson	director, 10 percent owner, officer: CEO, Pres.	17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright	officer: EVP Operations	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska	director
Katherine D Crothall	director	2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado	officer: EVP Sales & Marketing	11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman	officer: CFO	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson	director	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc	10 percent owner	11109 XYLON AVENUE S, BLOOMINGTON MN 55438