MindArk PE AB (XSAT:MNDRK) Cash-to-Debt : 1.11 (As of Dec. 2023)

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What is MindArk PE AB 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. MindArk PE AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.11.

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, MindArk PE AB 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 MindArk PE AB's Cash-to-Debt or its related term are showing as below:

XSAT:MNDRK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: 1 Max: 1.11
Current: 1.11

During the past 2 years, MindArk PE AB's highest Cash to Debt Ratio was 1.11. The lowest was 0.89. And the median was 1.00.

XSAT:MNDRK's Cash-to-Debt is ranked worse than
63.83% of 2798 companies
in the Software industry
Industry Median: 2.55 vs XSAT:MNDRK: 1.11

MindArk PE AB Cash-to-Debt Historical Data

The historical data trend for MindArk PE AB'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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MindArk PE AB Cash-to-Debt Chart

MindArk PE AB Annual Data

Trend

Dec21

Dec23

Cash-to-Debt

0.89

1.11

MindArk PE AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.78	0.67	0.55	1.11

Competitive Comparison of MindArk PE AB's Cash-to-Debt

For the Software - Application subindustry, MindArk PE AB'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.

MindArk PE AB's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where MindArk PE AB's Cash-to-Debt falls into.

MindArk PE AB 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.

MindArk PE AB'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)
	=	36.625	/	(0	+	33.003)
	=	1.11

MindArk PE AB'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)
	=	36.625	/	(0	+	33.003)
	=	1.11

MindArk PE AB (XSAT:MNDRK) 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.

MindArk PE AB Cash-to-Debt Related Terms

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MindArk PE AB (XSAT:MNDRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MindArk PE AB (XSAT:MNDRK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masthamnsgatan 5, Gothenburg, SWE, SE 413 27

Website

https://www.mindark.com

MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside Entropia Universe.

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