Glostrext Bhd (XKLS:0284) Debt-to-Equity : 0.17 (As of Mar. 2023)

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What is Glostrext Bhd Debt-to-Equity?

Glostrext Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was RM0.62 Mil. Glostrext Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was RM8.58 Mil. Glostrext Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2023 was RM55.32 Mil. Glostrext Bhd's debt to equity for the quarter that ended in Mar. 2023 was 0.17.

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

XKLS:0284' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.46 Max: 0.59
Current: 0.17

During the past 4 years, the highest Debt-to-Equity Ratio of Glostrext Bhd was 0.59. The lowest was 0.17. And the median was 0.46.

XKLS:0284's Debt-to-Equity is ranked better than
71.78% of 1513 companies
in the Construction industry
Industry Median: 0.44 vs XKLS:0284: 0.17

Glostrext Bhd Debt-to-Equity Historical Data

The historical data trend for Glostrext 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.

Glostrext Bhd Debt-to-Equity Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.59

0.55

0.37

0.17

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	0.59	0.55	0.37	0.17

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

For the Engineering & Construction subindustry, Glostrext 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.

Glostrext Bhd's Debt-to-Equity Distribution in the Construction Industry

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

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

Glostrext Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glostrext Bhd's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.619	+	8.584)	/	55.321
	=	0.17

Glostrext Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.619	+	8.584)	/	55.321
	=	0.17

Glostrext Bhd (XKLS:0284) 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.

Glostrext Bhd Debt-to-Equity Related Terms

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Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

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