Minth Group (FRA:M3I) Debt-to-Equity : 0.53 (As of Dec. 2023)

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What is Minth Group Debt-to-Equity?

Minth Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €754 Mil. Minth Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €501 Mil. Minth Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,353 Mil. Minth Group's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Minth Group's Debt-to-Equity or its related term are showing as below:

FRA:M3I' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.33 Max: 0.56
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Minth Group was 0.56. The lowest was 0.14. And the median was 0.33.

FRA:M3I's Debt-to-Equity is ranked worse than
53.49% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs FRA:M3I: 0.53

Minth Group Debt-to-Equity Historical Data

The historical data trend for Minth Group's Debt-to-Equity 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.

* Premium members only.

Minth Group Debt-to-Equity Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.44

0.45

0.49

0.53

Minth Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.46	0.49	0.56	0.53

Competitive Comparison of Minth Group's Debt-to-Equity

For the Auto Parts subindustry, Minth Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Minth Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Minth Group's Debt-to-Equity falls into.

Minth Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minth Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(753.995	+	501.322)	/	2352.604
	=	0.53

Minth Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(753.995	+	501.322)	/	2352.604
	=	0.53

Minth Group (FRA:M3I) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Minth Group Debt-to-Equity Related Terms

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

Minth Group (FRA:M3I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (FRA:M3I) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MNTHY:USA MNTHF:USA 00425:Hong Kong M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, and Mexico.

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