Mynd.ai (Mynd.ai) Cash-to-Debt : 0.84 (As of Dec. 2023)

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What is Mynd.ai 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. Mynd.ai's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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, Mynd.ai couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MYND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 0.68 Max: 0.84
Current: 0.84

During the past 3 years, Mynd.ai's highest Cash to Debt Ratio was 0.84. The lowest was 0.52. And the median was 0.68.

MYND's Cash-to-Debt is ranked worse than
58.17% of 263 companies
in the Education industry
Industry Median: 1.19 vs MYND: 0.84

Mynd.ai Cash-to-Debt Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai Cash-to-Debt Chart

Mynd.ai Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.52

0.84

Mynd.ai Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	N/A	0.52	0.84

Competitive Comparison of Mynd.ai's Cash-to-Debt

For the Education & Training Services subindustry, Mynd.ai'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.

Mynd.ai's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Mynd.ai's Cash-to-Debt distribution charts can be found below:

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

Mynd.ai 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.

Mynd.ai'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)
	=	91.784	/	(36.354	+	72.941)
	=	0.84

Mynd.ai'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)
	=	91.784	/	(36.354	+	72.941)
	=	0.84

Mynd.ai (AMEX:MYND) 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.

Mynd.ai Cash-to-Debt Related Terms

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Mynd.ai (Mynd.ai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (AMEX:MYND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WK6:Germany

Address

3rd Floor, No. 28 Building, Fangguyuan Section 1, Fangzhuang, Fengtai District, Beijing, CHN, 100078

Website

Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the unique needs of the customers, including K-12 educators, colleges and universities, small businesses and corporations, government agencies, and more.

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