Mindflair (LSE:MFAI) Cash-to-Debt : 7.12 (As of Jun. 2023)

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What is Mindflair 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. Mindflair's cash to debt ratio for the quarter that ended in Jun. 2023 was 7.12.

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, Mindflair could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:MFAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.12 Med: No Debt Max: No Debt
Current: 7.12

During the past 13 years, Mindflair's highest Cash to Debt Ratio was No Debt. The lowest was 7.12. And the median was No Debt.

LSE:MFAI's Cash-to-Debt is ranked better than
51.17% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:MFAI: 7.12

Mindflair Cash-to-Debt Historical Data

The historical data trend for Mindflair'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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Mindflair Cash-to-Debt Chart

Mindflair Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

7.27

Mindflair Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	7.27	7.12

Competitive Comparison of Mindflair's Cash-to-Debt

For the Asset Management subindustry, Mindflair'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.

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

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

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

Mindflair 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.

Mindflair's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	8.976	/	(0	+	1.235)
	=	7.27

Mindflair's Cash to Debt Ratio for the quarter that ended in Jun. 2023 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)
	=	8.789	/	(0	+	1.235)
	=	7.12

Mindflair (LSE:MFAI) 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.

Mindflair Cash-to-Debt Related Terms

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

Mindflair (LSE:MFAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mindflair plc (LSE:MFAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

http://www.mindflair.tech

Mindflair plc is an investment company providing investors with access to a portfolio of next-generation technology businesses focused on AI with remarkable growth potential. The Company is building an investment portfolio of high-tech businesses across areas such as Artificial intelligence, the Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing demand for development in these sectors.

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