MJL Bangladesh (DHA:MJLBD) Debt-to-Equity : 1.01 (As of Dec. 2023)

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What is MJL Bangladesh Debt-to-Equity?

MJL Bangladesh's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT14,067 Mil. MJL Bangladesh's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT159 Mil. MJL Bangladesh's Total Stockholders Equity for the quarter that ended in Dec. 2023 was BDT14,037 Mil. MJL Bangladesh's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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 MJL Bangladesh's Debt-to-Equity or its related term are showing as below:

DHA:MJLBD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.76 Max: 1.02
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of MJL Bangladesh was 1.02. The lowest was 0.45. And the median was 0.76.

DHA:MJLBD's Debt-to-Equity is ranked worse than
74.82% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs DHA:MJLBD: 1.01

MJL Bangladesh Debt-to-Equity Historical Data

The historical data trend for MJL Bangladesh'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.

MJL Bangladesh Debt-to-Equity Chart

MJL Bangladesh Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.91

0.71

0.69

0.80

0.98

MJL Bangladesh 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															0.88	0.98	0.98	0.91	1.01

Competitive Comparison of MJL Bangladesh's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.

MJL Bangladesh's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MJL Bangladesh's Debt-to-Equity falls into.

MJL Bangladesh Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MJL Bangladesh'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
	=	(13337.984	+	440.111)	/	14023.358
	=	0.98

MJL Bangladesh'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
	=	(14066.617	+	158.562)	/	14037.397
	=	1.01

MJL Bangladesh (DHA:MJLBD) 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.

MJL Bangladesh Debt-to-Equity Related Terms

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

MJL Bangladesh (DHA:MJLBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MJL Bangladesh PLC (DHA:MJLBD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212

Website

https://www.mjlbl.com

MJL Bangladesh PLC is engaged in the process, manufacture trade of lubricants, blending, marketing of lubricants and grease products. the company has bifurcated the revenues in Oil Tanker, the Manufacturing Unit, which generates the majority of revenue, and Trading Unit. Its automotive lubricants include Car Engine Oils, Motorcycle Engine Oils, Bus & Truck Engine Oils, Gear Oils, and Others. It also produces Industrial & Specialty Lubricants which includes Greases, Compressor Oils, Aviation Products, and others. It serves various industries, some of which include agriculture, automotive, construction, natural gas, and commercial industries. The majority of the revenue is generated from the domestic market but the company also exports some of its products in the International market.

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