Company name:

Mimecast Ltd

  • IPO SHARE PRICE:
    $10.00
  • IPO DATE:
    19 November 2015
  • TICKER:
    MIME
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    1 Finsbury Avenue London EC2M 2PF United Kingdom EC2M 2PF
  • FISCAL YEAR END:
    March 31
  • INCORPORATION JURISDICTION:
    None
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Mimecast Ltd

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Balance Sheet

Quarterly Annual
(USD in thousand)
29.9% 10.8%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
44.5%
29.9% —

Cash and cash equivalents

10.8% —

Accounts Receivable

2.1% —

Prepaid expenses and other current assets

1.6% —

Deferred contract costs

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
 $78,339 $137,576 $173,958 $270,897
Short-term passive investments
$45,679
 58,871 35,941 - -
Accounts Receivable
$45,679
 65,392 80,953 97,659 97,640
Prepaid expenses and other current assets
$45,679
 15,302 25,871 16,145 19,205
Deferred contract costs
-
 - 8,140 11,133 14,771
Total current assets
$45,679
 $217,904 $288,481 $298,895 $402,513
10.4% 14.8% 5.1% 5.1% 19.7%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
55.5%
19.7% —

Goodwill

14.8% —

Operating lease - right-of-use assets

10.4% —

Property and equipment net

5.1% —

Deferred contract acquisition costs

5.1% —

Intangible assets

0.4% —

Other assets non-current
Selected Year:
Property and equipment net
45,679
 123,822 94,202 85,178 94,099
Operating lease - right-of-use assets
-
 - - 116,564 134,051
Deferred contract acquisition costs
-
 - 28,250 36,664 46,236
Intangible assets
45,679
 9,819 30,623 38,394 45,829
Goodwill
45,679
 5,631 107,575 150,525 178,645
Other assets non-current
-
 - - 3,614 3,513
Other non-current assets
45,679
 1,222 5,156 3,614 -
Total non-current assets
45,679
 140,494 265,806 430,939 502,373
Total assets
45,679
 $358,398 $554,287 $729,834 $904,886
23.2% 6.4% 3.7% 13.1% 10.7% 43.5%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
35.5%
23.2% —

Current portion of deferred revenue

6.4% —

Accrued expenses and other current liabilities

3.7% —

Current portion of Operating leases

1.2% —

Accounts payable

0.9% —

Current maturities of long-term debt

0.1% —

Current portion of Finance leases
Selected Year:
Accounts payable
$45,679
 $6,052 $9,457 $14,907 $10,690
Accrued expenses and other current liabilities
$45,679
 33,878 44,309 41,607 58,071
Current portion of deferred revenue
$45,679
 123,057 163,102 194,151 210,295
Current maturities of long-term debt
$45,679
 - 4,059 6,573 8,459
Current portion of Capital leases
$45,679
 1,125 - - -
Current portion of Operating leases
-
 - - 30,379 33,398
Current portion of Finance leases
-
 - 844 1,058 589
Total current liabilities
$45,679
 $164,112 $221,771 $288,675 $321,502
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
26.2%
13.1% —

Operating leases

10.7% —

Long-term debt

1.4% —

Deferred revenue

1.0% —

Other non-current liabilities

0.0% —

Finance leases
Selected Year:
Deferred revenue
$45,679
 18,045 12,472 12,816 12,462
Long-term debt
-
 - 92,797 86,258 97,104
Capital leases
$45,679
 2,390 - - -
Operating leases
-
 - - 105,321 118,522
Finance leases
-
 - 1,381 323 4
Construction financing lease obligations
$45,679
 67,205 36,650 - -
Other non-current liabilities
$45,679
 4,954 15,581 4,386 9,373
Total long-term liabilities
$45,679
 $92,594 $158,881 $209,104 $237,465
Total Liabilities
$45,679
 $256,706 $380,652 $497,779 $558,967
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
38.2%
43.5% —

Additional paid-in capital

1.2% —

Accumulated other comprehensive (loss) income

0.1% —

Ordinary shares
Selected Year:
Ordinary shares
$45,679
 $707 $734 $754 $772
Accumulated deficit
$45,679
 (106,507) (83,632) (83,660) (59,683)
Additional paid-in capital
$45,679
 212,839 263,388 325,808 393,911
Accumulated other comprehensive (loss) income
-
 - - (10,847) 10,919
Accumulated other comprehensive loss
$45,679
 (5,347) (6,855) (10,847) -
Total Equity
$45,679
 $101,692 $173,635 $232,055 $345,919
Total Liabilities and Equity
$45,679
 $358,398 $554,287 $729,834 $904,886