Micromem Technologies (Micromem Technologies) Cash-to-Debt : 0.01 (As of Jan. 2024)

View and export this data going back to . Start your Free Trial

What is Micromem Technologies 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. Micromem Technologies's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Micromem Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

MMTIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 0.01

During the past 13 years, Micromem Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

MMTIF's Cash-to-Debt is ranked worse than
99.56% of 904 companies
in the Semiconductors industry
Industry Median: 1.885 vs MMTIF: 0.01

Micromem Technologies Cash-to-Debt Historical Data

The historical data trend for Micromem Technologies'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.

* Premium members only.

Micromem Technologies Cash-to-Debt Chart

Micromem Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.06

0.07

0.01

Micromem Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.06	0.05	0.01	0.01

Competitive Comparison of Micromem Technologies's Cash-to-Debt

For the Semiconductors subindustry, Micromem Technologies'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.

Micromem Technologies's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micromem Technologies's Cash-to-Debt distribution charts can be found below:

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

Micromem Technologies 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.

Micromem Technologies's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.032	/	(3.603	+	0.055)
	=	0.01

Micromem Technologies's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.034	/	(3.782	+	0.035)
	=	0.01

Micromem Technologies (OTCPK:MMTIF) 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.

Micromem Technologies Cash-to-Debt Related Terms

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

Micromem Technologies (Micromem Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (OTCPK:MMTIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MRM:Canada

Address

121 Richmond Street West, Suite 304, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.

Micromem Technologies (Micromem Technologies) Headlines

No Headlines