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Solid Automotive Bhd (XKLS:5242) Debt-to-Asset : 0.17 (As of Jan. 2024)


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What is Solid Automotive Bhd Debt-to-Asset?

Solid Automotive Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM43.2 Mil. Solid Automotive Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM7.6 Mil. Solid Automotive Bhd's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was RM300.5 Mil. Solid Automotive Bhd's debt to asset for the quarter that ended in Jan. 2024 was 0.17.


Solid Automotive Bhd Debt-to-Asset Historical Data

The historical data trend for Solid Automotive Bhd's Debt-to-Asset 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.

Solid Automotive Bhd Debt-to-Asset Chart

Solid Automotive Bhd Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.24 0.12 0.19 0.21

Solid Automotive Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.21 0.18 0.17 0.17

Competitive Comparison of Solid Automotive Bhd's Debt-to-Asset

For the Auto Parts subindustry, Solid Automotive Bhd's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.


Solid Automotive Bhd's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Solid Automotive Bhd's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Solid Automotive Bhd's Debt-to-Asset falls into.



Solid Automotive Bhd Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solid Automotive Bhd's Debt-to-Asset for the fiscal year that ended in Apr. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(52.573 + 7.608) / 293.272
=0.21

Solid Automotive Bhd's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(43.223 + 7.582) / 300.529
=0.17

* 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.


Solid Automotive Bhd  (XKLS:5242) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Solid Automotive Bhd Debt-to-Asset Related Terms

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


Solid Automotive Bhd (XKLS:5242) Business Description

Traded in Other Exchanges
N/A
Address
PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700
Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

Solid Automotive Bhd (XKLS:5242) Headlines

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