Minth Group (Minth Group) Debt-to-Asset : 0.26 (As of Dec. 2023)

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What is Minth Group Debt-to-Asset?

Minth Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $822 Mil. Minth Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $547 Mil. Minth Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $5,259 Mil. Minth Group's debt to asset for the quarter that ended in Dec. 2023 was 0.26.

Minth Group Debt-to-Asset Historical Data

The historical data trend for Minth Group's Debt-to-Asset 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-Asset Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.18

0.24

0.25

0.26

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-Asset	Get a 7-Day Free Trial															0.25	0.25	0.25	0.27	0.26

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

For the Auto Parts subindustry, Minth Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Vehicles & Parts Industry

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

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

Minth Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(822.241	+	546.698)	/	5258.579
	=	0.26

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(822.241	+	546.698)	/	5258.579
	=	0.26

Minth Group (OTCPK:MNTHF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Minth Group Debt-to-Asset Related Terms

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Minth Group (Minth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (OTCPK:MNTHF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MNTHY: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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