AbleGroup Bhd (XKLS:7086) Debt-to-Asset : 0.01 (As of Mar. 2024)

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What is AbleGroup Bhd Debt-to-Asset?

AbleGroup Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.21 Mil. AbleGroup Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.40 Mil. AbleGroup Bhd's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was RM45.44 Mil. AbleGroup Bhd's debt to asset for the quarter that ended in Mar. 2024 was 0.01.

AbleGroup Bhd Debt-to-Asset Historical Data

The historical data trend for AbleGroup 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.

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AbleGroup Bhd Debt-to-Asset Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.02

AbleGroup Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Competitive Comparison of AbleGroup Bhd's Debt-to-Asset

For the Building Products & Equipment subindustry, AbleGroup 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.

AbleGroup Bhd's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Debt-to-Asset distribution charts can be found below:

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

AbleGroup Bhd Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AbleGroup Bhd's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.211	+	0.456)	/	45.858
	=	0.01

AbleGroup Bhd's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(0.214	+	0.401)	/	45.436
	=	0.01

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd Debt-to-Asset Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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