Mindset Holding AG (XSWX:MIND) Cash-to-Debt : 0.04 (As of Jun. 2011)

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What is Mindset Holding AG 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. Mindset Holding AG's cash to debt ratio for the quarter that ended in Jun. 2011 was 0.04.

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, Mindset Holding AG couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2011.

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

XSWX:MIND's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

Mindset Holding AG Cash-to-Debt Historical Data

The historical data trend for Mindset Holding AG'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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Mindset Holding AG Cash-to-Debt Chart

Mindset Holding AG Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec07

Dec08

Dec09

Dec10

Dec11

Cash-to-Debt

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No Debt

0.65

No Debt

0.21

Mindset Holding AG Quarterly Data
	Jun10	Jun11
Cash-to-Debt	No Debt	0.04

Competitive Comparison of Mindset Holding AG's Cash-to-Debt

For the Auto Manufacturers subindustry, Mindset Holding AG'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.

Mindset Holding AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mindset Holding AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mindset Holding AG's Cash-to-Debt falls into.

Mindset Holding AG 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.

Mindset Holding AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 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)
	=	0.315	/	(0	+	1.513)
	=	0.21

Mindset Holding AG's Cash to Debt Ratio for the quarter that ended in Jun. 2011 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)
	=	0.019	/	(0	+	0.513)
	=	0.04

Mindset Holding AG (XSWX:MIND) 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.

Mindset Holding AG Cash-to-Debt Related Terms

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