Mincon Group (DUB:MIO) Debt-to-Equity : 0.26 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Mincon Group Debt-to-Equity?

Mincon Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €14.1 Mil. Mincon Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €26.0 Mil. Mincon Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €154.3 Mil. Mincon Group's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 Mincon Group's Debt-to-Equity or its related term are showing as below:

DUB:MIO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.27
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Mincon Group was 0.27. The lowest was 0.02. And the median was 0.09.

DUB:MIO's Debt-to-Equity is ranked better than
53.02% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs DUB:MIO: 0.26

Mincon Group Debt-to-Equity Historical Data

The historical data trend for Mincon Group'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.

Mincon Group Debt-to-Equity Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.12

0.16

0.24

0.27

0.26

Mincon Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.25	0.27	0.29	0.26

Competitive Comparison of Mincon Group's Debt-to-Equity

For the Tools & Accessories subindustry, Mincon Group'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.

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

For the Industrial Products industry and Industrials sector, Mincon Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mincon Group's Debt-to-Equity falls into.

Mincon Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mincon Group'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
	=	(14.08	+	26.032)	/	154.251
	=	0.26

Mincon Group's Debt to Equity Ratio for the quarter 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
	=	(14.08	+	26.032)	/	154.251
	=	0.26

Mincon Group (DUB:MIO) 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.

Mincon Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mincon Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mincon Group (DUB:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mincon Group PLC (DUB:MIO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCON:UK MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.