Mega First Bhd (XKLS:3069) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Mega First Bhd Debt-to-Equity?

Mega First Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM486 Mil. Mega First Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM519 Mil. Mega First Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM3,162 Mil. Mega First Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 Mega First Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:3069' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.28 Max: 0.54
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Mega First Bhd was 0.54. The lowest was 0.08. And the median was 0.28.

XKLS:3069's Debt-to-Equity is ranked better than
75.78% of 479 companies
in the Utilities - Regulated industry
Industry Median: 0.89 vs XKLS:3069: 0.32

Mega First Bhd Debt-to-Equity Historical Data

The historical data trend for Mega First 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.

Mega First Bhd Debt-to-Equity Chart

Mega First Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.50

0.35

0.34

0.27

0.30

Mega First Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.23	0.22	0.30	0.32

Competitive Comparison of Mega First Bhd's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Mega First 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.

Mega First Bhd's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's Debt-to-Equity distribution charts can be found below:

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

Mega First Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mega First 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
	=	(441.198	+	476.071)	/	3056.908
	=	0.30

Mega First Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(485.742	+	518.931)	/	3161.729
	=	0.32

Mega First Bhd (XKLS:3069) 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.

Mega First Bhd Debt-to-Equity Related Terms

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

Mega First Bhd (XKLS:3069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Mega First Corp Bhd (XKLS:3069) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Jalan Barat, A-12-01, Level 12, Block A, PJ8, Seksyen 8, Petaling Jaya, SGR, MYS, 46050

Website

http://www.mega-first.com

Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, and Packaging. The Renewable Energy segment builds, owns, and operates power plants. The Resources segment is engaged in the quarrying of limestone manufacturing and trading of lime products, calcium carbonate powder, and bricks. The Packaging segment is engaged in the Manufacturing and distribution of packaging and label products. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the majority is from the Lao PDR and Malaysia.

Mega First Bhd (XKLS:3069) Headlines

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