Ann Joo Resources Bhd (XKLS:6556) Debt-to-Equity : 1.33 (As of Sep. 2023)

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What is Ann Joo Resources Bhd Debt-to-Equity?

Ann Joo Resources Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM1,325 Mil. Ann Joo Resources Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM171 Mil. Ann Joo Resources Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2023 was RM1,122 Mil. Ann Joo Resources Bhd's debt to equity for the quarter that ended in Sep. 2023 was 1.33.

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 Ann Joo Resources Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:6556' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.9 Max: 1.74
Current: 1.33

During the past 13 years, the highest Debt-to-Equity Ratio of Ann Joo Resources Bhd was 1.74. The lowest was 0.62. And the median was 0.90.

XKLS:6556's Debt-to-Equity is ranked worse than
85.69% of 559 companies
in the Steel industry
Industry Median: 0.41 vs XKLS:6556: 1.33

Ann Joo Resources Bhd Debt-to-Equity Historical Data

The historical data trend for Ann Joo Resources Bhd'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.

Ann Joo Resources Bhd Debt-to-Equity Chart

Ann Joo Resources Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.77

0.90

0.84

0.78

1.04

Ann Joo Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.03	1.04	1.02	1.26	1.33

Competitive Comparison of Ann Joo Resources Bhd's Debt-to-Equity

For the Steel subindustry, Ann Joo Resources Bhd'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.

Ann Joo Resources Bhd's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ann Joo Resources Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ann Joo Resources Bhd's Debt-to-Equity falls into.

Ann Joo Resources Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ann Joo Resources Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1208.977	+	26.906)	/	1192.778
	=	1.04

Ann Joo Resources Bhd's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1325.083	+	171.172)	/	1122.193
	=	1.33

Ann Joo Resources Bhd (XKLS:6556) 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.

Ann Joo Resources Bhd Debt-to-Equity Related Terms

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Ann Joo Resources Bhd (XKLS:6556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ann Joo Resources Bhd (XKLS:6556) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6556PA.PFD:Malaysia

Address

Jalan Klang Lama, Batu 8 1/2, Wisma Ann Joo, Lot 19391, Petaling Jaya, SGR, MYS, 46000

Website

https://www.annjoo.com.my

Ann Joo Resources Bhd is mainly engaged in the manufacturing and trading of steel and steel-related products. The business activity of the group is divided into four segments: Upstream steel division which includes Manufacturing and trading of iron, steel, and steel-related products; Downstream steel division which engaged in Trading of steel and steel-related products, hardware, building and construction materials and operations of steel service centers; Green technology division which include Project management and contract services for solar and other renewable energy business as well as waste management services; and Investment Holding, property management and others. Geographically, it derives a majority of its revenue from Malaysia.

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