Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Debt-to-Equity?

Meihua International Medical Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.33 Mil. Meihua International Medical Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Meihua International Medical Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $146.33 Mil. Meihua International Medical Technologies Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Meihua International Medical Technologies Co's Debt-to-Equity or its related term are showing as below:

MHUA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.05
Current: 0.05

During the past 5 years, the highest Debt-to-Equity Ratio of Meihua International Medical Technologies Co was 0.05. The lowest was 0.04. And the median was 0.05.

MHUA's Debt-to-Equity is ranked better than
80.25% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs MHUA: 0.05

Meihua International Medical Technologies Co Debt-to-Equity Historical Data

The historical data trend for Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co Debt-to-Equity Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

0.05

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.05	0.04	0.05	0.05	0.05

Competitive Comparison of Meihua International Medical Technologies Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Debt-to-Equity falls into.

Meihua International Medical Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meihua International Medical Technologies Co'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
	=	(7.327	+	0.005)	/	146.332
	=	0.05

Meihua International Medical Technologies Co'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
	=	(7.327	+	0.005)	/	146.332
	=	0.05

Meihua International Medical Technologies Co (NAS:MHUA) 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.

Meihua International Medical Technologies Co Debt-to-Equity Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.