MINTH ELECTRICITY TECHNOLOGY : revenue, balance sheet and financial ratios

MINTH ELECTRICITY TECHNOLOGY is a French company founded 3 years ago, specialized in the sector Fabrication d'autres équipements automobiles. Based in RUITZ (62620), this company of category PME shows in 2024 a revenue of 39.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-08-08

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Synthèse

Santé financière : Fragile

Signal structurel : résultat d'exploitation insuffisant pour couvrir les intérêts.

In summary, MINTH ELECTRICITY TECHNOLOGY combines a growing business with positive profitability. Its financial structure is solid, with debt well contained relative to its sector.

Financial history - MINTH ELECTRICITY TECHNOLOGY (SIREN 921876231)
Indicator 2024 2023
Revenue 39 105 765 € 626 511 €
Net income 1 473 615 € -3 381 634 €
EBITDA 4 704 297 € -3 700 083 €
Net margin 3.8% -539.8%

Revenue and income statement

In 2024, MINTH ELECTRICITY TECHNOLOGY achieves revenue of 39.1 M€. After deducting consumption (27.1 M€), gross margin stands at 12.0 M€, i.e. a rate of 31%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.7 M€, representing 12.0% of revenue. Positive scissor effect: EBITDA margin improves by +602.6 pts, sign of improved operational efficiency. Compared with its sector, this ratio places the company among the best positioned (sector median: 3.2%). Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.5 M€, i.e. 3.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

39 105 765 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

12 046 891 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

4 704 297 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

731 884 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 473 615 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

11.9%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. Compared with its sector, this ratio places the company among the best positioned (sector median: 7.1%). Financial autonomy (= Equity / Total assets x 100) reaches 71%. Compared with its sector, this ratio places the company among the best positioned (sector median: 41.8%). Cash flow represents 12.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Compared with its sector, this ratio places the company among the best positioned (sector median: 3.1%).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

70.65%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

12.29%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

90.1%

Solvency indicators evolution
MINTH ELECTRICITY TECHNOLOGY

Sector positioning

Debt ratio
0.0% 2024
Q1: 0.0%
Med: 7.12%
Q3: 42.37%
Excellent

In 2024, the debt ratio of MINTH ELECTRICITY TECHNOLOGY (0.0%) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
70.65% 2024
Q1: 24.26%
Med: 41.76%
Q3: 60.59%
Excellent -16 pts over 2 years

In 2024, the financial autonomy of MINTH ELECTRICITY TECHNOLOGY (70.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1.77. This ratio is slightly less favorable than the sector median (1.9). The interest coverage ratio (= EBIT / Interest expenses) is 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

1.77

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

0.05

Liquidity indicators evolution
MINTH ELECTRICITY TECHNOLOGY

Sector positioning

Liquidity ratio
1.77 2024
Q1: 1.28
Med: 1.86
Q3: 2.9
Average -32 pts over 2 years

In 2024, the liquidity ratio of MINTH ELECTRICITY TECHNOLOGY (1.77) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.05x 2024
Q1: -3.87x
Med: 0.45x
Q3: 7.62x
Average +6 pts over 2 years

In 2024, the interest coverage of MINTH ELECTRICITY TECHNOLOGY (0.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 46 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 165 days. Excellent situation: suppliers finance 119 days of the operating cycle (retail model). Inventory turnover is 65 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 90 days of revenue, i.e. 9.8 M€ to permanently finance. Between 2023 and 2024, WCR improved by 1625 days of revenue, freeing up cash.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

9 787 000 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

46 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

165 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

65 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

90 j

WCR and payment terms evolution
MINTH ELECTRICITY TECHNOLOGY

Positioning of MINTH ELECTRICITY TECHNOLOGY in its sector

Comparison with sector Fabrication d'autres équipements automobiles

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 12 080 407€ to 30 330 325€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
12080k€ 22085k€ 30330k€
22 085 065 € Range: 12 080 407€ - 30 330 325€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 22 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Fabrication d'autres équipements automobiles)

Compare MINTH ELECTRICITY TECHNOLOGY with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres équipements automobiles

Top companies in Fabrication d'autres équipements automobiles

Largest companies by revenue in the sector Fabrication d'autres équipements automobiles:

Top companies in Pas-de-Calais

Largest companies by revenue in the department Pas-de-Calais:

Voir le classement complet du département Pas-de-Calais

Frequently asked questions about MINTH ELECTRICITY TECHNOLOGY

What is the revenue of MINTH ELECTRICITY TECHNOLOGY ?

The revenue of MINTH ELECTRICITY TECHNOLOGY in 2024 is 39.1 M€.

Is MINTH ELECTRICITY TECHNOLOGY profitable?

Yes, MINTH ELECTRICITY TECHNOLOGY generated a net profit of 1.5 M€ in 2024.

Where is the headquarters of MINTH ELECTRICITY TECHNOLOGY ?

The headquarters of MINTH ELECTRICITY TECHNOLOGY is located in RUITZ (62620), in the department Pas-de-Calais.

Where to find the tax return of MINTH ELECTRICITY TECHNOLOGY ?

The tax return of MINTH ELECTRICITY TECHNOLOGY is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does MINTH ELECTRICITY TECHNOLOGY operate?

MINTH ELECTRICITY TECHNOLOGY operates in the sector Fabrication d'autres équipements automobiles (NAF code 29.32Z). See the 'Sector positioning' section above to compare the company with its competitors.