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MITJF (The Mint) Liabilities-to-Assets : 17.42 (As of Dec. 2023)


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What is The Mint Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. The Mint's Total Liabilities for the quarter that ended in Dec. 2023 was $0.66 Mil. The Mint's Total Assets for the quarter that ended in Dec. 2023 was $0.04 Mil. Therefore, The Mint's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 17.42.


The Mint Liabilities-to-Assets Historical Data

The historical data trend for The Mint's Liabilities-to-Assets 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.

* Premium members only.

The Mint Liabilities-to-Assets Chart

The Mint Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 194.68 9.57 12.34 0.47 17.42

The Mint Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.52 0.60 0.68 17.42

Competitive Comparison of The Mint's Liabilities-to-Assets

For the Credit Services subindustry, The Mint's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Credit Services Industry

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

* The bar in red indicates where The Mint's Liabilities-to-Assets falls into.


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The Mint Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

The Mint's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=0.662/0.038
=17.42

The Mint's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=0.662/0.038
=17.42

* 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.


The Mint  (OTCPK:MITJF) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


The Mint Liabilities-to-Assets Related Terms

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The Mint Business Description

Traded in Other Exchanges
N/A
Address
360 Bay Street, Suite 999, Toronto, ON, CAN, M5H 2V6
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. The Corporation's business operations are located principally in the Middle East and almost all of its revenue is in UAE Dirham.

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