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MEC (Mayville Engineering Co) Debt-to-Asset : 0.30 (As of Sep. 2024)


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What is Mayville Engineering Co Debt-to-Asset?

Mayville Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.6 Mil. Mayville Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $136.6 Mil. Mayville Engineering Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $466.0 Mil. Mayville Engineering Co's debt to asset for the quarter that ended in Sep. 2024 was 0.30.


Mayville Engineering Co Debt-to-Asset Historical Data

The historical data trend for Mayville Engineering Co's Debt-to-Asset 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 Debt-to-Asset Chart

Mayville Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.21 0.14 0.18 0.25 0.37

Mayville Engineering Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset 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 0.39 0.37 0.35 0.32 0.30

Competitive Comparison of Mayville Engineering Co's Debt-to-Asset

For the Metal Fabrication subindustry, Mayville Engineering Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Mayville Engineering Co's Debt-to-Asset falls into.



Mayville Engineering Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mayville Engineering Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.064 + 176.099) / 496.661
=0.36

Mayville Engineering Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.646 + 136.615) / 466.002
=0.30

* 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-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Mayville Engineering Co Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Mayville Engineering Co's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Mayville Engineering Co Business Description

Traded in Other Exchanges
Address
135 S. 84th Street, Suite 300, Milwaukee, WI, USA, 53214
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, power sports, 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.
Executives
Todd M Butz officer: Chief Financial Officer 715 SOUTH STREET, MAYVILLE WI 53050
Sean P Leuba officer: SVP, Corp. Development & GC 715 SOUTH STREET, MAYVILLE WI 53050
Jagadeesh A Reddy director, officer: President & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Rachele Marie Lehr officer: Chief Human Resources Officer 12301 W WIRTH ST, WAUWATOSA WI 53222
Ryan F Raber officer: EVP - Sales & Marketing 715 SOUTH STREET, MAYVILLE WI 53050
Steven L Fisher director 100 N.E. ADAMS STREET, PEORIA IL 61629
Robert L Mccormick director C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Timothy L Christen director, other: Chair of the Board 715 SOUTH STREET, MAYVILLE WI 53050
Jennifer J. Kent director QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Jay O. Rothman director C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Patrick D Michels director 715 SOUTH STREET, MAYVILLE WI 53050
Allen J Carlson director 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Robert D Kamphuis director, officer: Chairman, Pres. & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Craig E Johnson director 715 SOUTH STREET, MAYVILLE WI 53050
Eric J Welak officer: EVP - Fabrication 715 SOUTH STREET, MAYVILLE WI 53050