MI Technovation Bhd (XKLS:5286) Debt-to-Equity : 0.05 (As of Sep. 2023)

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What is MI Technovation Bhd Debt-to-Equity?

MI Technovation Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM16.7 Mil. MI Technovation Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was RM36.7 Mil. MI Technovation Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2023 was RM1,056.4 Mil. MI Technovation Bhd's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

XKLS:5286' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.28
Current: 0.05

During the past 8 years, the highest Debt-to-Equity Ratio of MI Technovation Bhd was 0.28. The lowest was 0.01. And the median was 0.06.

XKLS:5286's Debt-to-Equity is ranked better than
80.41% of 883 companies
in the Semiconductors industry
Industry Median: 0.26 vs XKLS:5286: 0.05

MI Technovation Bhd Debt-to-Equity Historical Data

The historical data trend for MI Technovation 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.

MI Technovation Bhd Debt-to-Equity Chart

MI Technovation Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.02

0.01

0.02

0.11

0.08

MI Technovation Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.08	0.07	0.05

Competitive Comparison of MI Technovation Bhd's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, MI Technovation 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.

MI Technovation Bhd's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MI Technovation Bhd's Debt-to-Equity distribution charts can be found below:

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

MI Technovation Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MI Technovation 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
	=	(49.371	+	36.875)	/	1053.109
	=	0.08

MI Technovation 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
	=	(16.656	+	36.695)	/	1056.424
	=	0.05

MI Technovation Bhd (XKLS:5286) 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.

MI Technovation Bhd Debt-to-Equity Related Terms

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

MI Technovation Bhd (XKLS:5286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MI Technovation Bhd (XKLS:5286) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 20, Medan Bayan Lepas Technoplex, MK 12, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900

Website

https://www.mi-eq.com

MI Technovation Bhd is an investment holding company. The group is involved in design, development, manufacture, and sale of wafer level chip scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments are as follows: 1) Semiconductor equipment business unit is Involved in the manufacturing and sales of the semiconductor manufacturing equipment, paired with smart factory automation solutions for Industrial 4.0, together with the provision of maintenance services and technical support for these machines, as well as the sale of related spare parts and components. 2) Semiconductor material business unit is involved in the manufacturing and sales of solder spheres. 3) Others includes investment holding and other activities.

MI Technovation Bhd (XKLS:5286) Headlines

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