Mayville Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $4.8 Mil. Mayville Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $109.6 Mil. Mayville Engineering Co's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $210.5 Mil.
Mayville Engineering Co's debt to equity for the quarter that ended in Jun. 2022 was 0.54.
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 Mayville Engineering Co's Debt-to-Equity or its related term are showing as below:
MEC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.42 Max: 1.79
Current: 0.54
During the past 5 years, the highest Debt-to-Equity Ratio of Mayville Engineering Co was 1.79. The lowest was 0.22. And the median was 0.42.
MEC's Debt-to-Equity is ranked worse than 67.87% of 2353
companies
in the Industrial Products industry
Industry Median: 0.30
vs MEC: 0.54
Mayville Engineering Co Debt-to-Equity Historical Data
The historical data trend for Mayville Engineering Co'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.
Mayville Engineering Co Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.81
1.77
0.38
0.24
0.35
Mayville Engineering Co Quarterly Data
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.22
0.27
0.35
0.61
0.54
Competitive Comparison
For the Metal Fabrication subindustry, Mayville Engineering Co'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.
Mayville Engineering Co Debt-to-Equity Distribution
For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mayville Engineering Co's Debt-to-Equity falls into.
Mayville Engineering Co Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Mayville Engineering Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Mayville Engineering Co (NYSE:MEC) Debt-to-Equity Explanation
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.
Mayville Engineering Co Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Mayville Engineering Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
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