Careplus Group Bhd (XKLS:0163) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Careplus Group Bhd Debt-to-Equity?

Careplus Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM10.27 Mil. Careplus Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM31.27 Mil. Careplus Group Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM257.05 Mil. Careplus Group Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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

XKLS:0163' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 1.07 Max: 1.45
Current: 0.16

During the past 10 years, the highest Debt-to-Equity Ratio of Careplus Group Bhd was 1.45. The lowest was 0.03. And the median was 1.07.

XKLS:0163's Debt-to-Equity is ranked better than
56.18% of 712 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs XKLS:0163: 0.16

Careplus Group Bhd Debt-to-Equity Historical Data

The historical data trend for Careplus 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.

Careplus Group Bhd Debt-to-Equity Chart

Careplus Group Bhd Annual Data

Trend

Jan11

Jan12

Jan13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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1.21

1.07

0.90

0.12

Careplus Group Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.15	0.17	0.17	0.16

Competitive Comparison of Careplus Group Bhd's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Careplus 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.

Careplus Group Bhd's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Careplus Group Bhd's Debt-to-Equity distribution charts can be found below:

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

Careplus Group Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Careplus Group Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(23.855	+	7.085)	/	262.034
	=	0.12

Careplus 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
	=	(10.271	+	31.266)	/	257.048
	=	0.16

Careplus Group Bhd (XKLS:0163) 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.

Careplus Group Bhd Debt-to-Equity Related Terms

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

Careplus Group Bhd (XKLS:0163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Careplus Group Bhd (XKLS:0163) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 17479, Lorong Senawang 3/2, Off Jalan Senawang 3, Senawang Industrial Estate, Seremban, NSN, MYS, 70450

Website

https://www.careplus.com

Careplus Group Bhd is involved in the manufacturing, processing, and trading of gloves. The company's product consists of Latex exam gloves, Latex surgical gloves and Nitrile exam gloves. Its Latex exam gloves are used in the medical examinations and procedures, diagnostic procedures by the dentist, laboratory practices and for food handling practices. The Nitrile exam gloves are generally used in laboratory practices and the automotive industry. Geographically, it has operations in Central, North and South America, Malaysia, and the other Asia Pacific regions. It generates a vast majority of revenues from Other Asia Pacific and South America.

Careplus Group Bhd (XKLS:0163) Headlines

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