Millennium Group International Holdings (Millennium Group International Holdings) Debt-to-Asset : 0.23 (As of Jun. 2023)

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

Millennium Group International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $13.56 Mil. Millennium Group International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.04 Mil. Millennium Group International Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $59.04 Mil. Millennium Group International Holdings's debt to asset for the quarter that ended in Jun. 2023 was 0.23.

Millennium Group International Holdings Debt-to-Asset Historical Data

The historical data trend for Millennium Group International Holdings's Debt-to-Asset 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-Asset Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Asset

0.28

0.25

0.23

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	0.28	-	0.25	0.23	0.23

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

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

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

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

Millennium Group International Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Millennium Group International Holdings's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(13.563	+	0.038)	/	59.043
	=	0.23

Millennium Group International Holdings's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(13.563	+	0.038)	/	59.043
	=	0.23

Millennium Group International Holdings (NAS:MGIH) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Millennium Group International Holdings Debt-to-Asset Related Terms

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Millennium Group International Holdings (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-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm 2722, 27/F, No.1 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 and corrugated products.

Millennium Group International Holdings (Millennium Group International Holdings) Headlines

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