Melewar Industrial Group Bhd (XKLS:3778) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Melewar Industrial Group Bhd Debt-to-Equity?

Melewar Industrial Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM115.7 Mil. Melewar Industrial Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM12.2 Mil. Melewar Industrial Group Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM405.3 Mil. Melewar Industrial Group Bhd's debt to equity for the quarter that ended in Dec. 2023 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 Melewar Industrial Group Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:3778' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.37 Max: 6.75
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Melewar Industrial Group Bhd was 6.75. The lowest was 0.23. And the median was 0.37.

XKLS:3778's Debt-to-Equity is ranked better than
59.61% of 557 companies
in the Steel industry
Industry Median: 0.42 vs XKLS:3778: 0.32

Melewar Industrial Group Bhd Debt-to-Equity Historical Data

The historical data trend for Melewar Industrial Group 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.

Melewar Industrial Group Bhd Debt-to-Equity Chart

Melewar Industrial Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.34

0.23

0.24

0.26

0.25

Melewar Industrial Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	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															0.29	0.29	0.25	0.25	0.32

Competitive Comparison of Melewar Industrial Group Bhd's Debt-to-Equity

For the Steel subindustry, Melewar Industrial Group 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.

Melewar Industrial Group Bhd's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Melewar Industrial Group Bhd's Debt-to-Equity falls into.

Melewar Industrial Group Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Melewar Industrial Group Bhd's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(91.163	+	13.033)	/	409.609
	=	0.25

Melewar Industrial Group 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
	=	(115.67	+	12.164)	/	405.322
	=	0.32

Melewar Industrial Group Bhd (XKLS:3778) 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.

Melewar Industrial Group Bhd Debt-to-Equity Related Terms

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

Melewar Industrial Group Bhd (XKLS:3778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Melewar Industrial Group Bhd (XKLS:3778) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 566 Jalan Ipoh, 15th Floor, Kuala Lumpur, SGR, MYS, 51200

Website

http://www.melewar-mig.com

Melewar Industrial Group Bhd operates in four segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group operates in Malaysia.

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