Southern Steel Bhd (XKLS:5665) Debt-to-Equity : 1.52 (As of Dec. 2023)

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What is Southern Steel Bhd Debt-to-Equity?

Southern Steel Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM687 Mil. Southern Steel Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM188 Mil. Southern Steel Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM575 Mil. Southern Steel Bhd's debt to equity for the quarter that ended in Dec. 2023 was 1.52.

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

XKLS:5665' s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.3 Max: 2.86
Current: 1.52

During the past 13 years, the highest Debt-to-Equity Ratio of Southern Steel Bhd was 2.86. The lowest was 1.00. And the median was 1.30.

XKLS:5665's Debt-to-Equity is ranked worse than
87.46% of 558 companies
in the Steel industry
Industry Median: 0.415 vs XKLS:5665: 1.52

Southern Steel Bhd Debt-to-Equity Historical Data

The historical data trend for Southern Steel 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.

Southern Steel Bhd Debt-to-Equity Chart

Southern Steel Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

1.11

1.64

1.30

1.37

Southern Steel 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															1.55	1.73	1.37	1.49	1.52

Competitive Comparison of Southern Steel Bhd's Debt-to-Equity

For the Steel subindustry, Southern Steel 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.

Southern Steel Bhd's Debt-to-Equity Distribution in the Steel Industry

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

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

Southern Steel Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern Steel 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
	=	(628.201	+	230.727)	/	625.202
	=	1.37

Southern Steel 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
	=	(687.367	+	187.615)	/	575.436
	=	1.52

Southern Steel Bhd (XKLS:5665) 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.

Southern Steel Bhd Debt-to-Equity Related Terms

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Southern Steel Bhd (XKLS:5665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Steel Bhd (XKLS:5665) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435, Lorong Perusahaan 12, Prai Industrial Estate, Prai, PNG, MYS, 13600

Website

https://www.southsteel.com

Southern Steel Bhd is an investment holding company. The company's operating segment includes Steel products and Investment holding and others and Hot rolled coil operations. Its Steel products segment includes manufacturing, sale, and trading in billets, steel bars, wire rods, wire mesh, pre-stressed concrete strands, bars and wires, steel pipes, steel wires, and other related products. Geographically, the group has its business in the regions of Malaysia, Taiwan, Papua New Guinea , Philippines, Bangladesh, Japan, Singapore, Indonesia, the United States of America, Australian and others of which majority of the revenue is derived from the Malaysia region.

Southern Steel Bhd (XKLS:5665) Headlines

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