Mingteng International (Mingteng International) Debt-to-Revenue : 0.04 (As of Dec. 2023)

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What is Mingteng International Debt-to-Revenue?

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

Mingteng International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.32 Mil. Mingteng International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Mingteng International's annualized Revenue for the quarter that ended in Dec. 2023 was $9.04 Mil. Mingteng International's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Mingteng International Debt-to-Revenue Historical Data

The historical data trend for Mingteng International'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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Mingteng International Debt-to-Revenue Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

0.17

0.12

0.19

0.04

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial			0.12	0.22	0.19	0.21	0.04

Competitive Comparison of Mingteng International's Debt-to-Revenue

For the Metal Fabrication subindustry, Mingteng International'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.

Mingteng International's Debt-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mingteng International's Debt-to-Revenue distribution charts can be found below:

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

Mingteng International Debt-to-Revenue Calculation

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

Mingteng International's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.315	+	0)	/	8.158
	=	0.04

Mingteng International's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.315	+	0)	/	9.044
	=	0.03

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 (Dec. 2023) Revenue data.

Mingteng International Debt-to-Revenue Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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