Millennium Group (ASIA) PCL (BKK:MGC) Debt-to-Equity : 2.01 (As of Sep. 2024)

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What is Millennium Group (ASIA) PCL Debt-to-Equity?

Millennium Group (ASIA) PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ฿3,709 Mil. Millennium Group (ASIA) PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ฿3,843 Mil. Millennium Group (ASIA) PCL's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ฿3,763 Mil. Millennium Group (ASIA) PCL's debt to equity for the quarter that ended in Sep. 2024 was 2.01.

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 Group (ASIA) PCL's Debt-to-Equity or its related term are showing as below:

BKK:MGC' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.53 Med: 5.82 Max: 9.77
Current: 2.01

During the past 4 years, the highest Debt-to-Equity Ratio of Millennium Group (ASIA) PCL was 9.77. The lowest was 1.53. And the median was 5.82.

BKK:MGC's Debt-to-Equity is ranked worse than
91.74% of 1187 companies
in the Vehicles & Parts industry
Industry Median: 0.49 vs BKK:MGC: 2.01

Millennium Group (ASIA) PCL Debt-to-Equity Historical Data

The historical data trend for Millennium Group (ASIA) PCL'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 Group (ASIA) PCL Debt-to-Equity Chart

Millennium Group (ASIA) PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

10.88

9.77

6.77

5.82

Millennium Group (ASIA) PCL Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial								5.56	1.53	1.69	1.97	2.01

Competitive Comparison of Millennium Group (ASIA) PCL's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Millennium Group (ASIA) PCL'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 Group (ASIA) PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Millennium Group (ASIA) PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Millennium Group (ASIA) PCL's Debt-to-Equity falls into.

Millennium Group (ASIA) PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Millennium Group (ASIA) PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3071.209	+	4340.835)	/	1273.682
	=	5.82

Millennium Group (ASIA) PCL's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3708.731	+	3842.857)	/	3763.121
	=	2.01

Millennium Group (ASIA) PCL (BKK:MGC) 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 Group (ASIA) PCL Debt-to-Equity Related Terms

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Millennium Group (ASIA) PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Millennium Group Corp (ASIA) PCL (BKK:MGC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2222/9 Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310

Website

https://www.mgc-asia.com

Millennium Group Corp (ASIA) PCL is a holding company that operates a full range of businesses in the automotive industry. The group operates in four business segments; the Automotive sales business segment, the After-sales service business group and independent car maintenance services segment, The Car and driver rental business segment, and Others. The majority of revenue is derived from the Automotive sales business segment.