Ocean Vantage Holdings Bhd (XKLS:0220) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Ocean Vantage Holdings Bhd Debt-to-Equity?

Ocean Vantage Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM4.5 Mil. Ocean Vantage Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.4 Mil. Ocean Vantage Holdings Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM64.4 Mil. Ocean Vantage Holdings Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Ocean Vantage Holdings Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:0220' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.25
Current: 0.09

During the past 8 years, the highest Debt-to-Equity Ratio of Ocean Vantage Holdings Bhd was 0.25. The lowest was 0.03. And the median was 0.09.

XKLS:0220's Debt-to-Equity is ranked better than
85.18% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XKLS:0220: 0.09

Ocean Vantage Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Ocean Vantage Holdings 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.

Ocean Vantage Holdings Bhd Debt-to-Equity Chart

Ocean Vantage Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.03

0.16

0.09

Ocean Vantage Holdings Bhd Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.14	0.13	0.07	0.09

Competitive Comparison of Ocean Vantage Holdings Bhd's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Ocean Vantage Holdings 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.

Ocean Vantage Holdings Bhd's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ocean Vantage Holdings Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ocean Vantage Holdings Bhd's Debt-to-Equity falls into.

Ocean Vantage Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean Vantage Holdings Bhd'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
	=	(4.484	+	1.379)	/	64.353
	=	0.09

Ocean Vantage Holdings Bhd'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
	=	(4.484	+	1.379)	/	64.353
	=	0.09

Ocean Vantage Holdings Bhd (XKLS:0220) 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.

Ocean Vantage Holdings Bhd Debt-to-Equity Related Terms

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

Ocean Vantage Holdings Bhd (XKLS:0220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Vantage Holdings Bhd (XKLS:0220) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kuala Baram Land District, 1st & 2nd Floor, Block 11, Lot 6073 and 6074, Jalan Tudan, Bandar Baru Permyjaya, Miri, SWK, MYS, 98000

Website

https://www.ovbhd.com

Ocean Vantage Holdings Bhd is engaged in the provision of support services for the oil and gas industry where it supports both the upstream and downstream oil and gas activities. The company's operations as a provider of engineering, fabrication, and NDT inspection and testing services. Its services include Rig/Platform Modifications; Rig Stacking & Reactivation; Rig Repair & Maintenance; Accommodation Refurbishment; Fabrication & Construction of Structures; Blasting & Painting Services; Equipment Rental, Repair & Maintenance; Marine Security Services; Conventional NDT & Inspection; Rope Access; Scaffolding Services; Tank Cleaning; and Crane, Structural, Piping Replacement; among others.

Ocean Vantage Holdings Bhd (XKLS:0220) Headlines

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