Millennium Services Group (ASX:MIL) Debt-to-Equity : 5.13 (As of Dec. 2023)

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What is Millennium Services Group Debt-to-Equity?

Millennium Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8.3 Mil. Millennium Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.7 Mil. Millennium Services Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.5 Mil. Millennium Services Group's debt to equity for the quarter that ended in Dec. 2023 was 5.13.

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 Millennium Services Group's Debt-to-Equity or its related term are showing as below:

ASX:MIL' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.81 Med: 2.18 Max: 854.86
Current: 5.13

During the past 7 years, the highest Debt-to-Equity Ratio of Millennium Services Group was 854.86. The lowest was -4.81. And the median was 2.18.

ASX:MIL's Debt-to-Equity is ranked worse than
96.23% of 929 companies
in the Business Services industry
Industry Median: 0.39 vs ASX:MIL: 5.13

Millennium Services Group Debt-to-Equity Historical Data

The historical data trend for Millennium Services 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.

Millennium Services Group Debt-to-Equity Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-0.82

-1.98

-4.81

18.68

7.02

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										854.86	18.68	82.12	7.02	5.13

Competitive Comparison of Millennium Services Group's Debt-to-Equity

For the Specialty Business Services subindustry, Millennium Services 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.

Millennium Services Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Millennium Services Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Millennium Services Group's Debt-to-Equity falls into.

Millennium Services Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Millennium Services Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(5.315	+	4.224)	/	1.359
	=	7.02

Millennium Services Group'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
	=	(8.273	+	4.719)	/	2.534
	=	5.13

Millennium Services Group (ASX:MIL) 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.

Millennium Services Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Millennium Services Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

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