Fast Energy Holdings Bhd (XKLS:0084) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Fast Energy Holdings Bhd Debt-to-Equity?

Fast Energy Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM11.9 Mil. Fast Energy Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.1 Mil. Fast Energy Holdings Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM129.0 Mil. Fast Energy Holdings Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Fast Energy Holdings Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:0084' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.09
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Fast Energy Holdings Bhd was 0.09. The lowest was 0.01. And the median was 0.02.

XKLS:0084's Debt-to-Equity is ranked better than
76.13% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:0084: 0.09

Fast Energy Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Fast Energy Holdings 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.

Fast Energy Holdings Bhd Debt-to-Equity Chart

Fast Energy Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.05

0.06

Fast Energy Holdings 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															0.01	0.05	0.04	0.06	0.09

Competitive Comparison of Fast Energy Holdings Bhd's Debt-to-Equity

For the Tools & Accessories subindustry, Fast Energy Holdings 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.

Fast Energy Holdings Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fast Energy Holdings Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fast Energy Holdings Bhd's Debt-to-Equity falls into.

Fast Energy Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fast Energy Holdings 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
	=	(5.168	+	1.01)	/	110.058
	=	0.06

Fast Energy Holdings 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
	=	(11.909	+	0.104)	/	129.035
	=	0.09

Fast Energy Holdings Bhd (XKLS:0084) 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.

Fast Energy Holdings Bhd Debt-to-Equity Related Terms

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

Fast Energy Holdings Bhd (XKLS:0084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fast Energy Holdings Bhd (XKLS:0084) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

B2-1-12, Solaris Dutamas, No. 1, Jalan Dutamas 1, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.techfast.com.my

Fast Energy Holdings Bhd formerly Techfast Holdings Bhd is an investment holding company. It is engaged in the provision of management services. The company's business segments include Investment holding includes Investment holding and provision of management and corporate services, Oil Bunkering includes Provision of bunkering services, vessel chartering and trading of petroleum and commodities and Renewable energy includes Investment in solar, design, construct, operate solar and trading of any solar related products geographical presence in Malaysia, Asia and Other countries.

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