Mingteng International (Mingteng International) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Mingteng International Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7.45 Mil. Mingteng International's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Mingteng International's Debt-to-Equity or its related term are showing as below:

MTEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.38
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of Mingteng International was 0.38. The lowest was 0.04. And the median was 0.23.

MTEN's Debt-to-Equity is ranked better than
86.69% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs MTEN: 0.04

Mingteng International Debt-to-Equity Historical Data

The historical data trend for Mingteng International'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.

Mingteng International Debt-to-Equity Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.38

0.21

0.25

0.04

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.21	0.32	0.25	0.23	0.04

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

For the Metal Fabrication subindustry, Mingteng International'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.

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

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

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

Mingteng International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mingteng International'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
	=	(0.315	+	0)	/	7.447
	=	0.04

Mingteng International'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
	=	(0.315	+	0)	/	7.447
	=	0.04

Mingteng International (NAS:MTEN) 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.

Mingteng International Debt-to-Equity Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

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

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

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