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MGIH (Millennium Group International Holdings) Debt-to-Revenue : 0.21 (As of Jun. 2024)


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What is Millennium Group International Holdings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Millennium Group International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $5.80 Mil. Millennium Group International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.46 Mil. Millennium Group International Holdings's annualized Revenue for the quarter that ended in Jun. 2024 was $29.44 Mil. Millennium Group International Holdings's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.

Millennium Group International Holdings Debt-to-Revenue Historical Data

The historical data trend for Millennium Group International Holdings's Debt-to-Revenue 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.

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Millennium Group International Holdings Debt-to-Revenue Chart

Millennium Group International Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Debt-to-Revenue
0.32 0.25 0.30 0.16

Millennium Group International Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Revenue Get a 7-Day Free Trial 0.28 0.27 0.35 0.30 0.21

Competitive Comparison of Millennium Group International Holdings's Debt-to-Revenue

For the Packaging & Containers subindustry, Millennium Group International Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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 International Holdings's Debt-to-Revenue Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Millennium Group International Holdings's Debt-to-Revenue falls into.


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Millennium Group International Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Millennium Group International Holdings's Debt-to-Revenue for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(5.801 + 0.457) / 38.531
=0.16

Millennium Group International Holdings's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(5.801 + 0.457) / 29.44
=0.21

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Jun. 2024) Revenue data.

Millennium Group International Holdings Debt-to-Revenue Related Terms

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Millennium Group International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Debt-to-Revenue
Comparable Companies
DSS YHGJ OCTO IP SW PKG BALL AMCR AVY CCK TSX:CCL.A BERY GPK XSWX:SIGN SLGN REYN SON SEE SZSE:002812 OHEL:HUH1V
Traded in Other Exchanges
N/A
Address
Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077
Website
https://www.millennium-gp.com
Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines

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