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MYND (Mynd.ai) Debt-to-Equity : 2.64 (As of Dec. 2024)


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What is Mynd.ai Debt-to-Equity?

Mynd.ai's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $12.0 Mil. Mynd.ai's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $62.9 Mil. Mynd.ai's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $28.4 Mil. Mynd.ai's debt to equity for the quarter that ended in Dec. 2024 was 2.64.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

MYND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41   Med: 0.76   Max: 2.64
Current: 2.64

During the past 4 years, the highest Debt-to-Equity Ratio of Mynd.ai was 2.64. The lowest was 0.41. And the median was 0.76.

MYND's Debt-to-Equity is ranked worse than
93.53% of 232 companies
in the Education industry
Industry Median: 0.315 vs MYND: 2.64

Mynd.ai Debt-to-Equity Historical Data

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

Mynd.ai Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
N/A 0.41 0.76 2.64

Mynd.ai Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Debt-to-Equity 0.41 N/A 0.76 1.19 2.64

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

For the Education & Training Services subindustry, Mynd.ai's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Education Industry

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

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


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Mynd.ai Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mynd.ai's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(11.978 + 62.925) / 28.365
=2.64

Mynd.ai's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(11.978 + 62.925) / 28.365
=2.64

* 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.

Mynd.ai  (AMEX:MYND) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mynd.ai Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mynd.ai's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mynd.ai Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (AMEX:MYND) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
WK6:Germany
Address
Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, CYM, KY1-1104
Website
https://www.mynd.ai
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 needs of customers, including K -12 educators, colleges and universities, small businesses and corporations, government agencies, and more. Geographically, it operates in United States and Rest of the world.