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Mix Telematics Limited  (MIXT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Mix Telematics Limited's Leverage Ratio

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


Despite a net increase in borrowings by 2.67%, Mix Telematics Limited managed to enhance Leverage Ratio in the third quarter 2023 to 0.68, achieving a new company high.

Within Software & Programming industry in the third quarter 2023, 10 other companies have achieved lower Leverage Ratio than Mix Telematics Limited in the III Quarter 2023. While Leverage Ratio total ranking has improved so far in the third quarter 2023 to 229, from total ranking in the second quarter 2023 at 946 .

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


MIXT Leverage Ratio (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Equity Change -3.36 % -0.18 % -7.85 % -14.11 % -6.42 %
Y / Y Total Liabilities Change 11.45 % 17.39 % 28.45 % 25.79 % 25.23 %
Leverage Ratio MRQ 0.68 0.68 0.63 0.62 0.59
MIXT's Total Ranking # 229 # 946 # 1810 # 1270 # 437
Seq. Equity Change 3.26 % -1.91 % -2 % -2.64 % 6.66 %
Seq. Total Liabilities Change 2.67 % 6.15 % -0.44 % 2.72 % 8.14 %



Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 11
Technology Sector # 64
Overall Market # 229


Leverage Ratio Statistics
High Average Low
0.68 0.45 0.31
(Sep 30 2023)   (Mar 31 2018)




Financial Statements
Mix Telematics Limited's Equity $ 108 Millions Visit MIXT's Balance sheet
Mix Telematics Limited's Total Liabilities $ 74 Millions Visit MIXT's Balance sheet
Source of MIXT's Sales Visit MIXT's Sales by Geography


Cumulative Mix Telematics Limited's Leverage Ratio

MIXT's Leverage Ratio for the trailling 12 Months

MIXT Leverage Ratio

(Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Equity TTM Growth -3.36 % -0.18 % -7.85 % -14.11 % -6.42 %
Y / Y Total Liabilities TTM Growth 11.45 % 17.39 % 28.45 % 25.79 % 25.23 %
Leverage Ratio TTM 0.65 0.63 0.61 0.56 0.51
Total Ranking TTM # 628 # 1171 # 1228 # 1217 # 1315
Seq. Equity TTM Growth 3.26 % -1.91 % -2 % -2.64 % 6.66 %
Seq. Total Liabilities TTM Growth 2.67 % 6.15 % -0.44 % 2.72 % 8.14 %


On the trailing twelve months basis Due to the net new borrowings of 2.67% during the trailing twelve months finishing in the III Quarter 2023, cumulativeLeverage Ratio improved to 0.65, a new company high.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Software & Programming industry MIXT recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 117, from total ranking in previous 12 month period at 6.

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

TTM Leverage Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 0
Technology Sector # 0
Within the Market # 229


trailing twelve months Leverage Ratio Statistics
High Average Low
0.65 0.44 0.31
(Dec 31 2023)   (Mar 31 2018)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Software & Programming Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Crowdstrike Holdings Inc   1.86 $ 4,342.570  Millions$ 2,337.089  Millions
Atlassian Corporation  1.76 $ 1,590.162  Millions$ 904.923  Millions
Sprout Social Inc   1.75 $ 252.393  Millions$ 144.192  Millions
Mongodb Inc   1.68 $ 1,800.653  Millions$ 1,068.989  Millions
Q2 Holdings inc   1.68 $ 752.946  Millions$ 448.479  Millions
Aci Worldwide inc   1.56 $ 2,060.862  Millions$ 1,324.297  Millions
Cyberark Software Ltd   1.55 $ 1,229.882  Millions$ 792.326  Millions
Bill Holdings Inc   1.50 $ 5,920.566  Millions$ 3,951.845  Millions
Powerschool Holdings Inc   1.41 $ 2,477.055  Millions$ 1,755.287  Millions
Informatica Inc   1.35 $ 2,989.484  Millions$ 2,212.598  Millions
Servicenow Inc   1.28 $ 9,759.000  Millions$ 7,628.000  Millions
Solarwinds Corporation  1.25 $ 1,808.871  Millions$ 1,442.044  Millions
Jamf Holding Corp   1.22 $ 872.105  Millions$ 717.547  Millions
Qualys Inc   1.21 $ 444.444  Millions$ 368.174  Millions
Paycor Hcm Inc   1.20 $ 1,524.953  Millions$ 1,268.261  Millions
Clear Secure Inc   1.18 $ 435.427  Millions$ 369.224  Millions
Alarm com Holdings Inc   1.09 $ 751.017  Millions$ 688.546  Millions
Datadog Inc   0.94 $ 1,910.718  Millions$ 2,025.354  Millions
Meridianlink inc   0.93 $ 470.780  Millions$ 508.247  Millions
Datasea Inc   0.93 $ 2.342  Millions$ 2.532  Millions
Weave Communications Inc   0.92 $ 72.853  Millions$ 78.957  Millions
Egain Corporation  0.88 $ 58.650  Millions$ 66.793  Millions
Asana Inc   0.84 $ 275.258  Millions$ 326.396  Millions
Block Inc   0.82 $ 15,374.637  Millions$ 18,692.836  Millions
Electronic Arts Inc   0.81 $ 6,084.000  Millions$ 7,533.000  Millions
Evercommerce Inc   0.79 $ 655.055  Millions$ 826.036  Millions
Adobe Inc   0.77 $ 12,775.000  Millions$ 16,518.000  Millions
Varonis Systems Inc   0.77 $ 376.206  Millions$ 489.648  Millions
Intuit Inc   0.76 $ 12,780.000  Millions$ 16,908.000  Millions
Expensify Inc   0.75 $ 76.040  Millions$ 100.744  Millions

Date modified: 2024-02-09T16:43:21+00:00



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