MY E.G.Services Bhd (XKLS:0138) Debt-to-Equity : 0.41 (As of Sep. 2023)

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What is MY E.G.Services Bhd Debt-to-Equity?

MY E.G.Services Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM141.3 Mil. MY E.G.Services Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM722.2 Mil. MY E.G.Services Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2023 was RM2,095.1 Mil. MY E.G.Services Bhd's debt to equity for the quarter that ended in Sep. 2023 was 0.41.

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 MY E.G.Services Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:0138' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 0.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of MY E.G.Services Bhd was 0.41. The lowest was 0.04. And the median was 0.19.

XKLS:0138's Debt-to-Equity is ranked worse than
66.14% of 2221 companies
in the Software industry
Industry Median: 0.21 vs XKLS:0138: 0.41

MY E.G.Services Bhd Debt-to-Equity Historical Data

The historical data trend for MY E.G.Services 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.

MY E.G.Services Bhd Debt-to-Equity Chart

MY E.G.Services Bhd Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

Debt-to-Equity

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0.27

0.25

0.15

0.11

0.26

MY E.G.Services Bhd Quarterly Data
	Dec17	Mar18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.26	0.31	0.28	0.41

Competitive Comparison of MY E.G.Services Bhd's Debt-to-Equity

For the Information Technology Services subindustry, MY E.G.Services 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.

MY E.G.Services Bhd's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, MY E.G.Services Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MY E.G.Services Bhd's Debt-to-Equity falls into.

MY E.G.Services Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MY E.G.Services Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(158.174	+	325.157)	/	1875.977
	=	0.26

MY E.G.Services Bhd's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(141.275	+	722.169)	/	2095.072
	=	0.41

MY E.G.Services Bhd (XKLS:0138) 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.

MY E.G.Services Bhd Debt-to-Equity Related Terms

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

MY E.G.Services Bhd (XKLS:0138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MY E.G.Services Bhd (XKLS:0138) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

MY E.G.Services Bhd (XKLS:0138) Headlines

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