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MingYang Smart Energy Group (SHSE:601615) Debt-to-Revenue : 0.92 (As of Mar. 2024)


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What is MingYang Smart Energy Group Debt-to-Revenue?

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

MingYang Smart Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,307 Mil. MingYang Smart Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14,322 Mil. MingYang Smart Energy Group's annualized Revenue for the quarter that ended in Mar. 2024 was ¥20,301 Mil. MingYang Smart Energy Group's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.92.


MingYang Smart Energy Group Debt-to-Revenue Historical Data

The historical data trend for MingYang Smart Energy Group's Debt-to-Revenue 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.

MingYang Smart Energy Group Debt-to-Revenue Chart

MingYang Smart Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.30 0.23 0.25 0.55

MingYang Smart Energy 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-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.37 0.29 0.55 0.92

Competitive Comparison of MingYang Smart Energy Group's Debt-to-Revenue

For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


MingYang Smart Energy Group's Debt-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where MingYang Smart Energy Group's Debt-to-Revenue falls into.



MingYang Smart Energy Group Debt-to-Revenue Calculation

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

MingYang Smart Energy Group's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3453.284 + 11760.658) / 27859.076
=0.55

MingYang Smart Energy Group's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4306.961 + 14321.634) / 20301.404
=0.92

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


MingYang Smart Energy Group Debt-to-Revenue Related Terms

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MingYang Smart Energy Group (SHSE:601615) Business Description

Traded in Other Exchanges
Address
Mingyang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan, Guangdong, CHN, 528400
Ming Yang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is primarily divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.
Executives
Zhang Chuan Wei Directors, senior managers
Shen Zhong Min Directors, senior managers
Zhang Qi Ying Directors, senior managers
Yu Jiang Tao senior management
Liang Cai Fa senior management
Wang Dong Dong senior management
Yi Ling Na senior management
Zhang Zhong Hai senior management
Wang Jin Fa Directors, senior managers
Cheng Jia Wan senior management
Liu Jian Jun senior management
Yang Pu senior management
Zhang Rui Director

MingYang Smart Energy Group (SHSE:601615) Headlines

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