Miivo Holdings (TSXV:MIVO) Cash-to-Debt : 141.33 (As of Feb. 2025)

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What is Miivo Holdings 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. Miivo Holdings's cash to debt ratio for the quarter that ended in Feb. 2025 was 141.33.

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, Miivo Holdings could pay off its debt using the cash in hand for the quarter that ended in Feb. 2025.

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

TSXV:MIVO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: No Debt Max: No Debt
Current: 141.33

During the past 13 years, Miivo Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.56. And the median was No Debt.

TSXV:MIVO's Cash-to-Debt is ranked better than
61.35% of 1472 companies
in the Asset Management industry
Industry Median: 5.85 vs TSXV:MIVO: 141.33

Miivo Holdings Cash-to-Debt Historical Data

The historical data trend for Miivo Holdings'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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Miivo Holdings Cash-to-Debt Chart

Miivo Holdings Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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No Debt

0.56

Miivo Holdings Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.56	4.83	178.33	141.33

Competitive Comparison of Miivo Holdings's Cash-to-Debt

For the Asset Management subindustry, Miivo Holdings'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.

Miivo Holdings's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Miivo Holdings's Cash-to-Debt distribution charts can be found below:

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

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Miivo Holdings 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.

Miivo Holdings's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.037	/	(0.066	+	0)
	=	0.56

Miivo Holdings's Cash to Debt Ratio for the quarter that ended in Feb. 2025 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)
	=	0.848	/	(0.006	+	0)
	=	141.33

Miivo Holdings (TSXV:MIVO) 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.

Miivo Holdings Cash-to-Debt Related Terms

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Miivo Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miivo Holdings Corp (TSXV:MIVO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2110 – 650 West Georgia Street, Vancouver, BC, CAN, V6B 4N8

Website

Miivo Holdings Corp formerly, Esstra Industries Inc is a Canada-based company engaged in the business of managing a portfolio of investments. Principally, it is involved in the investment sector. The company's operations include investment in marketable securities, real estate ventures, real estate developments, and providing consulting and office services.

Executives

Glenn Olnick	10% Security Holder
Wynne Olnick	10% Security Holder

Miivo Holdings Headlines

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