Minh Phu Seafood Group (STC:MPC) Debt-to-Equity : 0.68 (As of Mar. 2024)

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What is Minh Phu Seafood Group Debt-to-Equity?

Minh Phu Seafood Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫3,333,994 Mil. Minh Phu Seafood Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫297,670 Mil. Minh Phu Seafood Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫5,334,555 Mil. Minh Phu Seafood Group's debt to equity for the quarter that ended in Mar. 2024 was 0.68.

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 Minh Phu Seafood Group's Debt-to-Equity or its related term are showing as below:

STC:MPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.73 Max: 3.88
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Minh Phu Seafood Group was 3.88. The lowest was 0.45. And the median was 0.73.

STC:MPC's Debt-to-Equity is ranked worse than
65.71% of 1645 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs STC:MPC: 0.68

Minh Phu Seafood Group Debt-to-Equity Historical Data

The historical data trend for Minh Phu Seafood 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.

Minh Phu Seafood Group Debt-to-Equity Chart

Minh Phu Seafood Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.45

0.59

0.61

0.69

0.73

Minh Phu Seafood Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.70	0.78	0.73	0.68

Competitive Comparison of Minh Phu Seafood Group's Debt-to-Equity

For the Packaged Foods subindustry, Minh Phu Seafood 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.

Minh Phu Seafood Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minh Phu Seafood Group's Debt-to-Equity distribution charts can be found below:

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

Minh Phu Seafood Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minh Phu Seafood 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
	=	(3648564.958	+	238454.99)	/	5323257.595
	=	0.73

Minh Phu Seafood Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3333994.013	+	297669.999)	/	5334555.144
	=	0.68

Minh Phu Seafood Group (STC:MPC) 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.

Minh Phu Seafood Group Debt-to-Equity Related Terms

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Minh Phu Seafood Group (STC:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Phu Seafood Group Corp (STC:MPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MPC:Vietnam

Address

Industrial Zone, Ward 8, Ca Mau Province, Ca Mau, VNM

Website

http://www.minhphu.com

Minh Phu Seafood Group Corp is involved in the business of processing and exporting seafood. The company provides feeding shrimps, biological products, and commercial shrimps. The activity of the company is to process and trade in aquatic breeds and aquatic foods; and to trade in machinery and equipment for aquaculture. It operates in four business segments: aquaculture products breeding; aquatic products processing; aquatic products trading and Others.