TAFI Industries Bhd (XKLS:7211) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is TAFI Industries Bhd Debt-to-Equity?

TAFI Industries Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM10.80 Mil. TAFI Industries Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.14 Mil. TAFI Industries Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM80.20 Mil. TAFI Industries Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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

XKLS:7211' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of TAFI Industries Bhd was 0.14. The lowest was 0.03. And the median was 0.07.

XKLS:7211's Debt-to-Equity is ranked better than
74.15% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs XKLS:7211: 0.14

TAFI Industries Bhd Debt-to-Equity Historical Data

The historical data trend for TAFI Industries 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.

TAFI Industries Bhd Debt-to-Equity Chart

TAFI Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.04

0.07

0.10

0.14

TAFI Industries 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															0.10	0.03	-	0.07	0.14

Competitive Comparison of TAFI Industries Bhd's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, TAFI Industries 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.

TAFI Industries Bhd's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TAFI Industries Bhd's Debt-to-Equity distribution charts can be found below:

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

TAFI Industries Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TAFI Industries Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(10.803	+	0.141)	/	80.202
	=	0.14

TAFI Industries 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
	=	(10.803	+	0.141)	/	80.202
	=	0.14

TAFI Industries Bhd (XKLS:7211) 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.

TAFI Industries Bhd Debt-to-Equity Related Terms

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

TAFI Industries Bhd (XKLS:7211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TAFI Industries Bhd (XKLS:7211) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 3, Kawasan Perindustrian Bukit Pasir, Mukim Sungai Raya, Bukit Pasir, Muar, JHR, MYS, 84300

Website

https://www.welcome.tafi.com.my

TAFI Industries Bhd is a Malaysia-based company involved in the manufacturing, exporting, and trading of furniture products for local and overseas markets and property development. The reportable segments of the group are Furniture products, Construction, and Property development. It derives a majority of its revenue from the Construction segment. It has a business presence in Malaysia and other countries.

TAFI Industries Bhd (XKLS:7211) Headlines

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