MGI Tech Co (SHSE:688114) Debt-to-Revenue : 0.19 (As of Mar. 2024)

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What is MGI Tech Co Debt-to-Revenue?

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

MGI Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥146 Mil. MGI Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥250 Mil. MGI Tech Co's annualized Revenue for the quarter that ended in Mar. 2024 was ¥2,123 Mil. MGI Tech Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.19.

MGI Tech Co Debt-to-Revenue Historical Data

The historical data trend for MGI Tech Co'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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MGI Tech Co Debt-to-Revenue Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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1.11

0.32

0.04

0.14

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial													0.07	0.13	0.14	0.14	0.19

Competitive Comparison of MGI Tech Co's Debt-to-Revenue

For the Medical Devices subindustry, MGI Tech Co'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.

MGI Tech Co's Debt-to-Revenue Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where MGI Tech Co's Debt-to-Revenue falls into.

MGI Tech Co Debt-to-Revenue Calculation

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

MGI Tech Co'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
	=	(148.849	+	259.535)	/	2911.222
	=	0.14

MGI Tech Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(146.007	+	249.554)	/	2122.944
	=	0.19

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 four times the quarterly (Mar. 2024) Revenue data.

MGI Tech Co Debt-to-Revenue Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Debt-to-Revenue

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Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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