The Mint (TSXV:MIT) Debt-to-Asset : 0.25 (As of Sep. 2023)

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What is The Mint Debt-to-Asset?

The Mint's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.28 Mil. The Mint's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. The Mint's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was C$1.13 Mil. The Mint's debt to asset for the quarter that ended in Sep. 2023 was 0.25.

The Mint Debt-to-Asset Historical Data

The historical data trend for The Mint's Debt-to-Asset 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.

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The Mint Debt-to-Asset Chart

The Mint Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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57.15

139.36

7.19

9.66

The Mint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	0.19	0.25

Competitive Comparison of The Mint's Debt-to-Asset

For the Credit Services subindustry, The Mint's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

The Mint's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, The Mint's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where The Mint's Debt-to-Asset falls into.

The Mint Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

The Mint's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	1.121
	=	0.00

The Mint's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.282	+	0)	/	1.134
	=	0.25

The Mint (TSXV:MIT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

The Mint Debt-to-Asset Related Terms

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The Mint (TSXV:MIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » The Mint Corp (TSXV:MIT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MITJF:USA

Address

333 Bay Street, Suite 1700, Toronto, ON, CAN, M5H 2R2

Website

https://www.themintcorp.com

The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments.

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