Mingteng International (Mingteng International) Debt-to-EBITDA : 0.11 (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Mingteng International Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mingteng International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.32 Mil. Mingteng International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Mingteng International's annualized EBITDA for the quarter that ended in Dec. 2023 was $3.01 Mil. Mingteng International's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.10.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Mingteng International's Debt-to-EBITDA or its related term are showing as below:

MTEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.13 Med: 0.31 Max: 0.52
Current: 0.13

During the past 4 years, the highest Debt-to-EBITDA Ratio of Mingteng International was 0.52. The lowest was 0.13. And the median was 0.31.

MTEN's Debt-to-EBITDA is ranked better than
88.17% of 2290 companies
in the Industrial Products industry
Industry Median: 1.72 vs MTEN: 0.13

Mingteng International Debt-to-EBITDA Historical Data

The historical data trend for Mingteng International's Debt-to-EBITDA 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.

Mingteng International Debt-to-EBITDA Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.33

0.28

0.52

0.13

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			0.33	0.61	0.50	0.82	0.11

Competitive Comparison of Mingteng International's Debt-to-EBITDA

For the Metal Fabrication subindustry, Mingteng International's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Mingteng International's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mingteng International's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mingteng International's Debt-to-EBITDA falls into.

Mingteng International Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mingteng International's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.315	+	0)	/	2.413
	=	0.13

Mingteng International's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.315	+	0)	/	3.01
	=	0.10

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2023) EBITDA data.

Mingteng International (NAS:MTEN) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Mingteng International Debt-to-EBITDA Related Terms

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

Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

From GuruFocus

Mingteng International Corporation Inc. Announces Pricing of Initial Public Offering

By Marketwired • 04-18-2024