Midland Holdings Limited (MTK) Ratios
Midland Holdings Limited Ratios
DE:MTK's free cash flow for Q2 2026 was $475.29M. For the 2026 fiscal year, DE:MTK's free cash flow was decreased by $-5.70M and operating cash flow was $481.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.36 | 1.20 | 1.09 | 1.12 | 1.10 |
| Quick Ratio | 1.36 | 1.20 | 1.09 | 1.12 | 1.10 |
| Cash Ratio | 0.32 | 0.20 | 0.19 | 0.16 | 0.31 |
| Solvency Ratio | 0.21 | 0.10 | 0.15 | 0.04 | 0.14 |
| Operating Cash Flow Ratio | 0.18 | 0.18 | 0.19 | 0.04 | 0.16 |
| Short-Term Operating Cash Flow Coverage | 2.65 | 3.93 | 3.20 | 1.89 | 1.12 |
| Net Current Asset Value | $ 960.68M | $ 613.38M | $ 150.39M | $ -47.47M | $ 173.51M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.06 | 0.05 | 0.13 | 0.20 | 0.24 |
| Debt-to-Equity Ratio | 0.21 | 0.22 | 0.70 | 1.12 | 1.29 |
| Debt-to-Capital Ratio | 0.18 | 0.18 | 0.41 | 0.53 | 0.56 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 |
| Financial Leverage Ratio | 3.35 | 4.74 | 5.43 | 5.59 | 5.36 |
| Debt Service Coverage Ratio | 3.13 | 2.07 | 2.18 | 1.52 | 1.03 |
| Interest Coverage Ratio | 29.45 | 13.95 | -0.42 | -16.77 | 5.02 |
| Debt to Market Cap | 0.13 | 0.27 | 0.48 | 0.40 | 1.02 |
| Interest Debt Per Share | 0.44 | 0.35 | 0.70 | 1.12 | 2.18 |
| Net Debt to EBITDA | -0.90 | -1.09 | -0.16 | 4.03 | 0.04 |
| Profitability Margins | |||||
| Gross Profit Margin | 100.00% | 100.00% | 100.00% | -9.15% | 9.25% |
| EBIT Margin | 9.20% | 6.59% | -0.02% | -18.37% | 2.52% |
| EBITDA Margin | 14.20% | 7.35% | 11.65% | 2.53% | 12.99% |
| Operating Profit Margin | 9.04% | 6.32% | -0.44% | -17.95% | 2.52% |
| Pretax Profit Margin | 9.04% | 5.96% | -0.72% | -18.90% | 2.40% |
| Net Profit Margin | 7.68% | 5.26% | -1.03% | -17.14% | 1.67% |
| Continuous Operations Profit Margin | 7.68% | 5.26% | -1.03% | -17.14% | 1.67% |
| Net Income Per EBT | 85.04% | 88.32% | 143.50% | 90.69% | 69.59% |
| EBT Per EBIT | 99.92% | 94.30% | 163.15% | 105.28% | 95.39% |
| Return on Assets (ROA) | 9.00% | 6.80% | -1.17% | -13.96% | 1.58% |
| Return on Equity (ROE) | 30.11% | 32.23% | -6.38% | -78.04% | 8.45% |
| Return on Capital Employed (ROCE) | 31.84% | 35.08% | -2.32% | -52.97% | 10.01% |
| Return on Invested Capital (ROIC) | 23.89% | 23.23% | -1.54% | -33.68% | 3.85% |
| Return on Tangible Assets | 9.02% | 6.82% | -1.18% | -13.96% | 1.58% |
| Earnings Yield | 25.54% | 53.18% | -11.81% | -94.26% | 14.85% |
| Efficiency Ratios | |||||
| Receivables Turnover | 1.69 | 1.77 | 1.77 | 1.21 | 1.57 |
| Payables Turnover | 1.00 | 0.78 | 1.02 | 1.14 | 1.12 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 15.26 | 20.37 | 10.65 | 4.79 | 6.76 |
| Asset Turnover | 1.17 | 1.29 | 1.14 | 0.81 | 0.94 |
| Working Capital Turnover Ratio | 6.00 | 12.40 | 13.85 | 7.60 | 12.21 |
| Cash Conversion Cycle | -150.80 | -261.99 | -152.05 | -19.31 | -93.70 |
| Days of Sales Outstanding | 216.04 | 205.73 | 206.08 | 300.91 | 232.70 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 366.83 | 467.72 | 358.13 | 320.22 | 326.40 |
| Operating Cycle | 216.04 | 205.73 | 206.08 | 300.91 | 232.70 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.77 | 0.90 | 0.76 | 0.14 | 1.07 |
| Free Cash Flow Per Share | 0.76 | 0.89 | 0.73 | 0.06 | 0.98 |
| Dividend Paid and CapEx Coverage Ratio | 61.98 | 76.81 | 26.66 | 1.80 | 11.75 |
| Capital Expenditure Coverage Ratio | 61.98 | 76.81 | 26.66 | 1.80 | 11.75 |
| Operating Cash Flow Coverage Ratio | 1.85 | 2.89 | 1.19 | 0.13 | 0.50 |
| Operating Cash Flow to Sales Ratio | 0.10 | 0.11 | 0.13 | 0.03 | 0.13 |
| Free Cash Flow Yield | 32.85% | 105.62% | 147.40% | 8.12% | 104.09% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 3.90 | 1.88 | -8.47 | -1.06 | 6.73 |
| Price-to-Sales (P/S) Ratio | 0.30 | 0.10 | 0.09 | 0.18 | 0.11 |
| Price-to-Book (P/B) Ratio | 1.18 | 0.61 | 0.54 | 0.83 | 0.57 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 3.04 | 0.95 | 0.68 | 12.32 | 0.96 |
| Price-to-Operating Cash Flow Ratio | 3.00 | 0.93 | 0.65 | 5.48 | 0.88 |
| Price-to-Earnings Growth (PEG) Ratio | 0.13 | -0.00 | 0.09 | 0.00 | -0.30 |
| Enterprise Value Multiple | 1.22 | 0.25 | 0.59 | 11.22 | 0.90 |
| Enterprise Value | 954.92M | 113.97M | 279.65M | 884.09M | 702.94M |
| EV to EBITDA | 1.22 | 0.25 | 0.59 | 11.22 | 0.90 |
| EV to Sales | 0.17 | 0.02 | 0.07 | 0.28 | 0.12 |
| EV to Free Cash Flow | 1.76 | 0.18 | 0.53 | 19.23 | 1.00 |
| EV to Operating Cash Flow | 1.73 | 0.18 | 0.51 | 8.56 | 0.92 |
| Tangible Book Value Per Share | 1.94 | 1.37 | 0.90 | 0.95 | 1.65 |
| Shareholders’ Equity Per Share | 1.95 | 1.39 | 0.92 | 0.95 | 1.65 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.14 | -0.44 | 0.09 | 0.30 |
| Revenue Per Share | 7.64 | 8.49 | 5.69 | 4.34 | 8.36 |
| Net Income Per Share | 0.59 | 0.45 | -0.06 | -0.74 | 0.14 |
| Tax Burden | 0.85 | 0.88 | 1.44 | 0.91 | 0.70 |
| Interest Burden | 0.98 | 0.90 | 37.11 | 1.03 | 0.95 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.82 | 0.85 | 0.01 | 0.01 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.31 | 2.01 | -12.97 | -0.19 | 7.66 |
Currency in HKD