Mayfield Group Holdings (ASX:MYG) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Mayfield Group Holdings Debt-to-Equity?

Mayfield Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.02 Mil. Mayfield Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.94 Mil. Mayfield Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$31.69 Mil. Mayfield Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Mayfield Group Holdings's Debt-to-Equity or its related term are showing as below:

ASX:MYG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.43 Max: 1.77
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Mayfield Group Holdings was 1.77. The lowest was 0.06. And the median was 0.43.

ASX:MYG's Debt-to-Equity is ranked better than
81.01% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs ASX:MYG: 0.06

Mayfield Group Holdings Debt-to-Equity Historical Data

The historical data trend for Mayfield Group Holdings'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.

Mayfield Group Holdings Debt-to-Equity Chart

Mayfield Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.44

0.40

0.13

Mayfield Group Holdings 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															0.37	0.40	0.34	0.13	0.06

Competitive Comparison of Mayfield Group Holdings's Debt-to-Equity

For the Communication Equipment subindustry, Mayfield Group Holdings'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.

Mayfield Group Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mayfield Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Mayfield Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mayfield Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.029	+	2.828)	/	29.804
	=	0.13

Mayfield Group Holdings'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
	=	(1.024	+	0.937)	/	31.686
	=	0.06

Mayfield Group Holdings (ASX:MYG) 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.

Mayfield Group Holdings Debt-to-Equity Related Terms

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

Mayfield Group Holdings (ASX:MYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mayfield Group Holdings Ltd (ASX:MYG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Gidgie Court, Edinburgh, Adelaide, SA, AUS, 5111

Website

https://www.mayfieldgroup.com.au

Mayfield Group Holdings Ltd is engaged in the provision of electrical and telecommunications products and services. It also includes construction services for electrical infrastructure, and maintenance services of electrical infrastructure.

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