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Medical Information Technology Inc   (MITII)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Medical Information Technology Inc 's Leverage Ratio

MITII's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 7.6%, Leverage Ratio fell to 0.22, below the Medical Information Technology Inc 's average Leverage Ratio.

Within Software & Programming industry in the third quarter 2020, 18 other companies have achieved lower Leverage Ratio than Medical Information Technology Inc in the III Quarter 2020. While Leverage Ratio total ranking has improved so far in the third quarter 2020 to 533, from total ranking in the second quarter 2020 at 538 .

Explain Leverage Ratio?
Who are MITII Customers?
What are MITII´s Total Liabilities?


MITII Leverage Ratio (Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
(Mar 31 2020)
I. Quarter
(Dec 31 2019)
IV. Quarter
(Sep 30 2019)
III. Quarter
Y / Y Equity Change -0.77 % 10.34 % 10.91 % 17.7 % 13.38 %
Y / Y Total Liabilities Change -18.87 % 1.66 % -17.65 % -3.66 % 26.65 %
Leverage Ratio MRQ 0.22 0.21 0.17 0.2 0.27
MITII's Total Ranking # 533 # 538 # 432 # 286 # 494
Seq. Equity Change 2.29 % 2.79 % -8.35 % 2.97 % 13.75 %
Seq. Total Liabilities Change 7.6 % 22.28 % -19.98 % -22.94 % 34.82 %



Leverage Ratio third quarter 2020 Company Ranking
Within: No.
Software & Programming Industry # 19
Technology Sector # 70
Overall Market # 533


Leverage Ratio Statistics
High Average Low
0.28 0.22 0.17
(Sep 30 2017)   (Mar 31 2020)




Financial Statements
Medical Information Technology Inc 's Equity $ 538 Millions Visit MITII's Balance sheet
Medical Information Technology Inc 's Total Liabilities $ 118 Millions Visit MITII's Balance sheet
Source of MITII's Sales Visit MITII's Sales by Geography


Cumulative Medical Information Technology Inc 's Leverage Ratio

MITII's Leverage Ratio for the trailling 12 Months

MITII Leverage Ratio

(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
(Mar 31 2020)
I. Quarter
(Dec 31 2019)
IV. Quarter
(Sep 30 2019)
III. Quarter
Y / Y Equity TTM Growth -0.77 % 10.34 % 10.91 % 17.7 % 13.38 %
Y / Y Total Liabilities TTM Growth -18.87 % 1.66 % -17.65 % -3.66 % 26.65 %
Leverage Ratio TTM 0.2 0.21 0.22 0.23 0.24
Total Ranking TTM # 374 # 376 # 417 # 471 # 504
Seq. Equity TTM Growth 2.29 % 2.79 % -8.35 % 2.97 % 13.75 %
Seq. Total Liabilities TTM Growth 7.6 % 22.28 % -19.98 % -22.94 % 34.82 %


On the trailing twelve months basis Despite of the net new borrowings of 7.6% during the twelve months period ending in III Quarter 2020 Medical Information Technology Inc has managed to decrease Leverage Ratio in the III Quarter 2020 to 0.2, a new company low.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Software & Programming industry MITII recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 9, from total ranking in previous 12 month period at 298.

Explain Leverage Ratio?
Who are MITII Customers?
What are MITII´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 0
Technology Sector # 0
Within the Market # 533


trailing twelve months Leverage Ratio Statistics
High Average Low
0.25 0.22 0.2
(Jun 30 2018)   (Sep 30 2016)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2020, within Software & Programming Industry Leverage RatioSep 30 2020 MRQ Total LiabilitiesSep 30 2020 MRQ Equity
Alarm com Holdings Inc   0.59 $ 259.329  Millions$ 438.716  Millions
Hello Group Inc   0.58 $ 1,315.185  Millions$ 2,273.614  Millions
Smartsheet Inc   0.57 $ 302.947  Millions$ 528.582  Millions
Dirtt Environmental Solutions Ltd  0.57 $ 66.390  Millions$ 117.102  Millions
Secureworks Corp   0.55 $ 364.308  Millions$ 667.149  Millions
Citrine Global Corp  0.54 $ 1.366  Millions$ 2.549  Millions
3d Systems Corporation  0.53 $ 229.122  Millions$ 428.518  Millions
Seachange International Inc  0.53 $ 18.502  Millions$ 35.111  Millions
Cloudera Inc   0.52 $ 760.632  Millions$ 1,449.533  Millions
Qad Inc  0.52 $ 61.049  Millions$ 118.116  Millions
Cadence Design Systems Inc   0.49 $ 1,182.785  Millions$ 2,395.718  Millions
National Instruments Corp  0.49 $ 604.674  Millions$ 1,239.198  Millions
Sprout Social Inc   0.48 $ 75.637  Millions$ 156.615  Millions
Netsol Technologies Inc   0.48 $ 29.170  Millions$ 60.534  Millions
Cheetah Mobile Inc   0.48 $ 276.720  Millions$ 580.597  Millions
Salesforce Inc   0.47 $ 18,826.000  Millions$ 40,310.000  Millions
Bigcommerce Holdings Inc   0.47 $ 73.930  Millions$ 158.498  Millions
Mix Telematics Limited  0.44 $ 47.002  Millions$ 107.453  Millions
My Size Inc   0.43 $ 1.506  Millions$ 3.477  Millions
Channeladvisor Corporation  0.43 $ 51.798  Millions$ 120.629  Millions
Datasea Inc   0.42 $ 1.303  Millions$ 3.074  Millions
Xunlei Ltd  0.42 $ 123.451  Millions$ 292.154  Millions
Electronic Arts Inc   0.42 $ 3,395.000  Millions$ 8,075.000  Millions
Guidewire Software Inc   0.41 $ 679.096  Millions$ 1,659.861  Millions
Cerence Inc   0.40 $ 381.075  Millions$ 957.756  Millions
Activision Blizzard inc   0.39 $ 5,607.000  Millions$ 14,382.000  Millions
Coro Global Inc   0.38 $ 0.494  Millions$ 1.289  Millions
American Software Inc   0.38 $ 44.949  Millions$ 119.053  Millions
Appfolio Inc   0.36 $ 101.756  Millions$ 284.516  Millions
Zedge Inc   0.35 $ 3.485  Millions$ 9.982  Millions

Date modified: -0001-11-30T00:00:00+00:00



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