Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HE Group BhdXKLS:0296 +1.53%50 Debt-to-Equity is 0.04 as of Mar. 2026, which is 20% below its 10-year median of 0.05. GuruFocus rates XKLS:0296 with a GF Score™ of 50/100. The stock has 5 warning signs investors should review. Among 1,614 Construction companies, HE Group Bhd ranks better than 90.71% on this metric.
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 HE Group Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:0296'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.64
Current: 0.04
During the past 6 years, the highest Debt-to-Equity Ratio of HE Group Bhd was 0.64. The lowest was 0.04. And the median was 0.05.
XKLS:0296's Debt-to-Equity is ranked better than 90.71% of 1614
companies
in the Construction industry
Industry Median: 0.41
vs XKLS:0296: 0.04
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.
HE Group Bhd Debt-to-Equity Related Terms
HE Group Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for HE Group 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.
XKLS:0296 vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, HE Group 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.
HE Group Bhd Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where HE Group Bhd's Debt-to-Equity falls into.
* 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.
HE Group Bhd (XKLS:0296) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HE Group Bhd and its competitors. This is 20% below median its historical median of 0.05. Over the past decade, HE Group Bhd's Debt-to-Equity has ranged from 0.04 to 0.64. According to the industry distribution chart, HE Group Bhd ranks #150 out of 1614 companies in the Construction industry, placing it in the top 9.3%.
Is HE Group Bhd's Debt-to-Equity too high?
HE Group Bhd's current Debt-to-Equity of 0.04 is 20% below median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.64. The Construction industry median Debt-to-Equity is 0.41. HE Group Bhd's value of 0.04 is 90.2% below this industry median. Based on the distribution chart, HE Group Bhd ranks #150 out of 1614 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, HE Group Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does HE Group Bhd's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, HE Group Bhd ranks #150 out of 1614 companies for Debt-to-Equity. This places HE Group Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.41. HE Group Bhd's value of 0.04 is 90.2% below this benchmark. Historically, HE Group Bhd's own Debt-to-Equity has ranged from 0.04 to 0.64 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.41, HE Group Bhd has consistently been below 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 a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,614 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. HE Group Bhd's current Debt-to-Equity of 0.04 is 90.2% below 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 HE Group Bhd and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HE Group Bhd's current Debt-to-Equity is 0.04, which is 20% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HE Group Bhd stock overvalued right now?
HE Group Bhd (XKLS:0296) has a current Debt-to-Equity of 0.04. The current Debt-to-Equity is 0.04, which is 20% below median its 10-year median of 0.05 and 90.2% below the Construction industry median of 0.41. HE Group Bhd's overall GF Score™ is 50/100 with 5 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 HE Group Bhd (XKLS:0296), the current Debt-to-Equity is 0.04 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.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end-user premises such as industrial plants and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works, including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, the provision of power distribution systems that generates maximum revenue, other building systems and works, electrical equipment hook-up and retrofitting, and trading of electrical products.
50GF Score
Get the complete analysis for XKLS:0296
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0296 has been successfully added to your 
