Millennium Group International Holdings (Millennium Group International Holdings) Debt-to-Equity : 0.34 (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

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

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 Total Stockholders Equity for the quarter that ended in Jun. 2023 was $39.92 Mil. Millennium Group International Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.34.

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

MGIH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.42 Max: 0.67
Current: 0.34

During the past 3 years, the highest Debt-to-Equity Ratio of Millennium Group International Holdings was 0.67. The lowest was 0.34. And the median was 0.42.

MGIH's Debt-to-Equity is ranked better than
59.48% of 343 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs MGIH: 0.34

Millennium Group International Holdings Debt-to-Equity Historical Data

The historical data trend for Millennium Group International Holdings'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.

Millennium Group International Holdings Debt-to-Equity Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.67

0.42

0.34

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	0.67	N/A	0.42	0.35	0.34

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

For the Packaging & Containers subindustry, Millennium Group International Holdings'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.

Millennium Group International Holdings's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Millennium Group International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Millennium Group International Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(13.563	+	0.038)	/	39.919
	=	0.34

Millennium Group International Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(13.563	+	0.038)	/	39.919
	=	0.34

Millennium Group International Holdings (NAS:MGIH) 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.

Millennium Group International Holdings Debt-to-Equity Related Terms

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

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-Equity

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

From GuruFocus

Millennium Group International Holdings Wins Two 2023 MUSE Design Awards

By Marketwired • 09-20-2023