MEC (Mayville Engineering Co) Debt-to-Equity : 0.59 (As of Sep. 2024)

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What is Mayville Engineering Co Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Sep. 2024 was $238.4 Mil. Mayville Engineering Co's debt to equity for the quarter that ended in Sep. 2024 was 0.59.

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: 0.51 Max: 1.79
Current: 0.59

During the past 7 years, the highest Debt-to-Equity Ratio of Mayville Engineering Co was 1.79. The lowest was 0.22. And the median was 0.51.

MEC's Debt-to-Equity is ranked worse than
71.4% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs MEC: 0.59

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 Debt-to-Equity Chart

Mayville Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.24

0.34

0.50

0.79

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-Equity	Get a 7-Day Free Trial															0.89	0.79	0.74	0.65	0.59

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

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's Debt-to-Equity Distribution in the Industrial Products Industry

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. 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
	=	(5.064	+	176.099)	/	229.978
	=	0.79

Mayville Engineering Co'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
	=	(4.646	+	136.615)	/	238.356
	=	0.59

Mayville Engineering Co (NYSE:MEC) 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.

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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2YN:Germany

Address

135 S. 84th Street, Suite 300, Milwaukee, WI, USA, 53214

Website

https://www.mecinc.com

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