GFM Services Bhd (XKLS:0039) Debt-to-Equity : 1.30 (As of Mar. 2024)

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What is GFM Services Bhd Debt-to-Equity?

GFM Services Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM30.2 Mil. GFM Services Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM231.8 Mil. GFM Services Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM200.9 Mil. GFM Services Bhd's debt to equity for the quarter that ended in Mar. 2024 was 1.30.

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

XKLS:0039' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 2.22 Max: 3.96
Current: 1.3

During the past 13 years, the highest Debt-to-Equity Ratio of GFM Services Bhd was 3.96. The lowest was 0.19. And the median was 2.22.

XKLS:0039's Debt-to-Equity is ranked worse than
79.83% of 917 companies
in the Business Services industry
Industry Median: 0.37 vs XKLS:0039: 1.30

GFM Services Bhd Debt-to-Equity Historical Data

The historical data trend for GFM Services 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.

GFM Services Bhd Debt-to-Equity Chart

GFM Services Bhd Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.59

2.89

2.48

1.77

1.48

GFM Services 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-Equity	Get a 7-Day Free Trial															1.70	1.62	1.53	1.48	1.30

Competitive Comparison of GFM Services Bhd's Debt-to-Equity

For the Specialty Business Services subindustry, GFM Services 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.

GFM Services Bhd's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GFM Services Bhd's Debt-to-Equity distribution charts can be found below:

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

GFM Services Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GFM Services 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
	=	(32.349	+	239.078)	/	183.526
	=	1.48

GFM Services Bhd'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
	=	(30.169	+	231.755)	/	200.908
	=	1.30

GFM Services Bhd (XKLS:0039) 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.

GFM Services Bhd Debt-to-Equity Related Terms

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

GFM Services Bhd (XKLS:0039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GFM Services Bhd (XKLS:0039) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-3A-1 Melawati Corporate Centre, Jalan Bandar Melawati, Taman Melawati, Kuala Lumpur, SGR, MYS, 53100

Website

https://www.gfmservices.com.my

GFM Services Bhd is an investment holding company. Its core business is in providing Facilities Management services which include the provision of facilities operations, maintenance and management, engineering services, facilities consultancy and advisory, and facilities management services. The Concession arrangements business involves the construction and maintenance of facilities and infrastructure.

GFM Services Bhd (XKLS:0039) Headlines

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