Cekd Bhd (XKLS:0238) Debt-to-Equity : 0.01 (As of Feb. 2024)

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What is Cekd Bhd Debt-to-Equity?

Cekd Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM0.35 Mil. Cekd Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM0.46 Mil. Cekd Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was RM69.25 Mil. Cekd Bhd's debt to equity for the quarter that ended in Feb. 2024 was 0.01.

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

XKLS:0238' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.3 Max: 0.36
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Cekd Bhd was 0.36. The lowest was 0.01. And the median was 0.30.

XKLS:0238's Debt-to-Equity is ranked better than
99.96% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:0238: 0.01

Cekd Bhd Debt-to-Equity Historical Data

The historical data trend for Cekd 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.

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Cekd Bhd Debt-to-Equity Chart

Cekd Bhd Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.36

0.31

0.23

0.34

Cekd Bhd Quarterly Data
	Aug18	Aug19	Aug20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial										0.23	0.34	0.34	0.10	0.01

Competitive Comparison of Cekd Bhd's Debt-to-Equity

For the Metal Fabrication subindustry, Cekd 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.

Cekd Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Cekd Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cekd Bhd's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(2.124	+	21.104)	/	68.523
	=	0.34

Cekd Bhd's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.349	+	0.458)	/	69.247
	=	0.01

Cekd Bhd (XKLS:0238) 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.

Cekd Bhd Debt-to-Equity Related Terms

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Cekd Bhd (XKLS:0238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cekd Bhd (XKLS:0238) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Jalan 1/137B, Batu 5, Jalan Kelang Lama, Resource Industrial Centre, Kuala Lumpur, SGR, MYS, 58200

Website

http://www.cekd.com.my

Cekd Bhd is a die-cutting solutions provider and is involved in the manufacturing of die-cutting moulds and trading of related consumables, tools, and accessories, mainly to the paper printing and packaging industry, E&E industry, and other industries such as automotive, plastic packaging, textile, and leather industries. Its operating segments are Manufacturing, Trading, and Investment Holding and it generates the majority of its revenue from the Manufacturing segment.

Cekd Bhd (XKLS:0238) Headlines

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