Volcano Bhd (XKLS:0232) Debt-to-Equity: 0.35 (As of Mar. 2026) — 775% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:0232 Volcano Bhd XKLS:0232
55 GF Score
Price RM0.29
GF Value RM0.77
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Volcano Bhd Debt-to-Equity?

Volcano Bhd XKLS:0232 55 Debt-to-Equity is 0.35 as of Mar. 2026, which is 775% above its 10-year median of 0.04. GuruFocus rates XKLS:0232 with a GF Score™ of 55/100 and a GF Value™ of RM0.77 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 2,680 Industrial Products companies, Volcano Bhd ranks worse than 56.19% on this metric.

Volcano Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM5.29 Mil. Volcano Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM30.26 Mil. Volcano Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM100.98 Mil. Volcano Bhd's debt to equity for the quarter that ended in Mar. 2026 was 0.35.

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

XKLS:0232' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 0.39
Current: 0.35

During the past 7 years, the highest Debt-to-Equity Ratio of Volcano Bhd was 0.39. The lowest was 0.00. And the median was 0.04.

XKLS:0232's Debt-to-Equity is ranked worse than
56.19% of 2680 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:0232: 0.35

Volcano Bhd  (XKLS:0232) 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.


Volcano Bhd Debt-to-Equity Related Terms


Volcano Bhd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Volcano 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.

Volcano Bhd Debt-to-Equity Chart

Volcano Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.00 0.01 0.04 0.33

Volcano Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity 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 0.32 0.33 0.38 0.39 0.35

XKLS:0232 vs CRS, ATI, MLI: Debt-to-Equity Comparison

For the Metal Fabrication subindustry, Volcano 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.


Volcano Bhd Debt-to-Equity vs Industrial Products Industry

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

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


XKLS:0232
55GF Score
Volcano Bhd XKLS:0232
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Volcano Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volcano Bhd's Debt to Equity Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Volcano Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.35 mean?
Volcano Bhd (XKLS:0232) has a Debt-to-Equity of 0.35 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Volcano Bhd and its competitors. This is 775% above median its historical median of 0.04. According to the industry distribution chart, Volcano Bhd ranks #1506 out of 2680 companies in the Industrial Products industry, placing it in the top 56.2%.
Is Volcano Bhd's Debt-to-Equity too high?
Volcano Bhd's current Debt-to-Equity of 0.35 is 775% above median its 10-year median of 0.04. The Industrial Products industry median Debt-to-Equity is 0.28. Volcano Bhd's value of 0.35 is 25% above this industry median. Based on the distribution chart, Volcano Bhd ranks #1506 out of 2680 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Volcano Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volcano Bhd's Debt-to-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Volcano Bhd ranks #1506 out of 2680 companies for Debt-to-Equity. This places Volcano Bhd in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Volcano Bhd's value of 0.35 is 25% above this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.28, Volcano Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,680 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volcano Bhd's current Debt-to-Equity of 0.35 is 25% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Volcano Bhd and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volcano Bhd's current Debt-to-Equity is 0.35, which is 775% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volcano Bhd stock overvalued right now?
Based on GuruFocus' analysis, Volcano Bhd (XKLS:0232) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.77, compared to a current price of RM0.29 — trading 63% below its estimated fair value. The current Debt-to-Equity is 0.35, which is 775% above median its 10-year median of 0.04 and 25% above the Industrial Products industry median of 0.28. Volcano Bhd's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Volcano Bhd (XKLS:0232), the current Debt-to-Equity is 0.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Volcano Bhd (XKLS:0232) Overvalued in 2026?

Based on GuruFocus' analysis, Volcano Bhd stock appears to be undervalued. The current stock price of RM0.29 is trading 63% below its estimated GF Value™ of RM0.77. GuruFocus considers Volcano Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0232:

  • Debt-to-Equity: 0.35 (775% above median its 10-year median of 0.04)
  • GF Value™: RM0.77 vs. price of RM0.29 (63% below fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 25% above the Industrial Products median (#1506 of 2680)

No single metric tells the full story. See the XKLS:0232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Volcano Bhd Business Description

Address 1411 Jalan Perusahaan Kawasan, Perusahaan Perai 1, Butterworth, Perai, PNG, MYS, 13600
Volcano Bhd is a manufacturer of parts and components. It manufactures metal and non-metal nameplates, plastic injection moulded parts, die-cut parts, electrical and electronics components, and automotive components. The company's reportable segments are Nameplate and Plastic Injection. The majority of its revenue is derived from the Nameplate segment. Its manufacturing facilities are located in Malaysia and Thailand to serve customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace, and label industries. Geographically, the company derives key revenue from Thailand and the rest from Malaysia, Singapore, Indonesia, China, the United States of America, and other countries.
55GF Score

Get the complete analysis for XKLS:0232

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.29
Price
RM0.77
GF Value