Coraza Integrated Technology Bhd (XKLS:0240) Debt-to-Equity : 0.26 (As of Sep. 2024)

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What is Coraza Integrated Technology Bhd Debt-to-Equity?

Coraza Integrated Technology Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM14.25 Mil. Coraza Integrated Technology Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM18.67 Mil. Coraza Integrated Technology Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2024 was RM124.57 Mil. Coraza Integrated Technology Bhd's debt to equity for the quarter that ended in Sep. 2024 was 0.26.

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

XKLS:0240' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.24 Max: 0.56
Current: 0.26

During the past 6 years, the highest Debt-to-Equity Ratio of Coraza Integrated Technology Bhd was 0.56. The lowest was 0.10. And the median was 0.24.

XKLS:0240's Debt-to-Equity is ranked better than
53.73% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKLS:0240: 0.26

Coraza Integrated Technology Bhd Debt-to-Equity Historical Data

The historical data trend for Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd Debt-to-Equity Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.53

0.56

0.20

0.22

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial													0.10	0.22	0.23	0.24	0.26

Competitive Comparison of Coraza Integrated Technology Bhd's Debt-to-Equity

For the Metal Fabrication subindustry, Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Coraza Integrated Technology Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coraza Integrated Technology 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
	=	(22.399	+	5.114)	/	125.918
	=	0.22

Coraza Integrated Technology Bhd's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(14.246	+	18.672)	/	124.573
	=	0.26

Coraza Integrated Technology Bhd (XKLS:0240) 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.

Coraza Integrated Technology Bhd Debt-to-Equity Related Terms

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

Coraza Integrated Technology Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

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