Comfort Gloves Bhd (XKLS:2127) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Comfort Gloves Bhd Debt-to-Equity?

Comfort Gloves Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM33.3 Mil. Comfort Gloves Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM9.0 Mil. Comfort Gloves Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM869.7 Mil. Comfort Gloves Bhd'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 Comfort Gloves Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:2127' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.32
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Comfort Gloves Bhd was 0.32. The lowest was 0.00. And the median was 0.05.

XKLS:2127's Debt-to-Equity is ranked better than
80.39% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs XKLS:2127: 0.05

Comfort Gloves Bhd Debt-to-Equity Historical Data

The historical data trend for Comfort Gloves 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.

Comfort Gloves Bhd Debt-to-Equity Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.32

0.27

0.09

0.04

0.05

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.06	0.07	0.04	0.05

Competitive Comparison of Comfort Gloves Bhd's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Comfort Gloves 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.

Comfort Gloves Bhd's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Comfort Gloves Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Comfort Gloves Bhd's Debt-to-Equity falls into.

Comfort Gloves Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comfort Gloves 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
	=	(33.337	+	9.028)	/	869.705
	=	0.05

Comfort Gloves 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
	=	(33.337	+	9.028)	/	869.705
	=	0.05

Comfort Gloves Bhd (XKLS:2127) 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.

Comfort Gloves Bhd Debt-to-Equity Related Terms

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

Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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