Nam Cheong (SGX:1MZ) Debt-to-Equity : 2.01 (As of Mar. 2024)

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What is Nam Cheong Debt-to-Equity?

Nam Cheong's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$12.1 Mil. Nam Cheong's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$128.1 Mil. Nam Cheong's Total Stockholders Equity for the quarter that ended in Mar. 2024 was S$69.7 Mil. Nam Cheong's debt to equity for the quarter that ended in Mar. 2024 was 2.01.

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 Nam Cheong's Debt-to-Equity or its related term are showing as below:

SGX:1MZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.7 Med: -1.4 Max: 2.01
Current: 2.01

During the past 13 years, the highest Debt-to-Equity Ratio of Nam Cheong was 2.01. The lowest was -2.70. And the median was -1.40.

SGX:1MZ's Debt-to-Equity is ranked worse than
91.15% of 260 companies
in the Aerospace & Defense industry
Industry Median: 0.425 vs SGX:1MZ: 2.01

Nam Cheong Debt-to-Equity Historical Data

The historical data trend for Nam Cheong'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.

Nam Cheong Debt-to-Equity Chart

Nam Cheong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-2.70

-1.29

-1.45

-1.58

-2.05

Nam Cheong Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-1.59	-1.66	-1.80	-2.05	2.01

Competitive Comparison of Nam Cheong's Debt-to-Equity

For the Aerospace & Defense subindustry, Nam Cheong'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.

Nam Cheong's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nam Cheong's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nam Cheong's Debt-to-Equity falls into.

Nam Cheong Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nam Cheong'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
	=	(298.369	+	0.075)	/	-145.614
	=	-2.05

Nam Cheong's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(12.143	+	128.083)	/	69.709
	=	2.01

Nam Cheong (SGX:1MZ) 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.

Nam Cheong Debt-to-Equity Related Terms

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Nam Cheong (SGX:1MZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nam Cheong Ltd (SGX:1MZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

80, Robinson Road, No. 02-00, Singapore, SGP, 068898

Website

http://www.namcheong.com.my

Nam Cheong Ltd along is an offshore marine group specializing in the building of offshore support vessels. The company's operating segment includes Shipbuilding; Vessel chartering and others. It generates maximum revenue from the Vessel chartering segment. Geographically, it derives a majority of its revenue from Malaysia. Its fleet comprises Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSV), Maintenance Work Vessels (MWV), Safety Supply Vessels (SSV), and landing crafts.

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