Liabilities Breakdown
9.5 M
Current Liabilities
2.2 M
Long-Term Liabilities
| Total Liabilities | 15.87 Million | |
| Current Liabilities | 9.51 Million | |
| Long-Term Liabilities | 2.18 Million | |
| Tax Liabilities | 248,368 |
Will Mitcham (NASDAQ:MIND) stakeholders stop to short in October?
 | By Raphi Shpitalnik | Macroaxis Story |
Mitcham Industries is scheduled to announce its earnings tomorrow. Mitcham Industries Average Assets are projected to decrease significantly based on the last few years of reporting. The past year's Average Assets were at 62.03 Million. The current year Average Equity is expected to grow to about 73.7 M, whereas Earnings Before Interest Taxes and Depreciation Amortization EBITDA are forecasted to decline to (2.7 M). As many passive investors are finally getting excited about technology space, Mitcham Industries could be a good starting point. We will check if the company can maintain a respectable level of debt while minimizing operating losses.
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Reviewed by Michael Smolkin
The company currently holds 1.96 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest Mitcham Industries is not taking enough advantage from borrowing. Mitcham Industries has a current ratio of 3.32, suggesting that it is liquid enough and is able to pay its financial obligations when due. Mind Technology financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Mind Technology, including all of Mind Technology's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Mind Technology assets, the company is considered highly leveraged. Understanding the composition and structure of overall Mind Technology debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.
Understanding Mind Total Liabilities
Mind Technology liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Mind Technology has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Mind Technology balance sheet include debt obligations and money owed to different Mind Technology vendors, workers, and loan providers. Below is the chart of Mind short long-term liabilities accounts currently reported on its balance sheet. You can use Mind Technology financial leverage analysis tool to get a better grip on understanding its financial positionHow important is Mind Technology's Liquidity
Mind Technology financial leverage refers to using borrowed capital as a funding source to finance Mind Technology ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Mind Technology financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Mind Technology's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Mind Technology's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Mind Technology's total debt and its cash.
Breaking it down a bit more
The latest surge in Mitcham Industries short term price appreciation may encourage shareholders to take a closer look at the firm as it is trading at a share price of 2.33 on slow start in trading volume. The company executives have successfully maneuvered the firm at convenient times to take advantage of all market conditions in August. The stock standard deviation of daily returns for 30 days investing horizon is currently 6.88. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Mitcham Industries partners.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Mind Technology. Please refer to our Terms of Use for any information regarding our disclosure principles.