Astramina Group Bhd (XKLS:03032) Debt-to-Equity : 0.12 (As of Aug. 2023)

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What is Astramina Group Bhd Debt-to-Equity?

Astramina Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was RM0.25 Mil. Astramina Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was RM6.06 Mil. Astramina Group Bhd's Total Stockholders Equity for the quarter that ended in Aug. 2023 was RM51.58 Mil. Astramina Group Bhd's debt to equity for the quarter that ended in Aug. 2023 was 0.12.

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

XKLS:03032' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.19
Current: 0.12

During the past 6 years, the highest Debt-to-Equity Ratio of Astramina Group Bhd was 0.19. The lowest was 0.04. And the median was 0.15.

XKLS:03032's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs XKLS:03032: 0.12

Astramina Group Bhd Debt-to-Equity Historical Data

The historical data trend for Astramina 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.

* Premium members only.

Astramina Group Bhd Debt-to-Equity Chart

Astramina Group Bhd Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.06

0.21

0.18

0.16

0.14

Astramina Group Bhd Semi-Annual Data
	Feb18	Aug18	Feb19	Aug19	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial						0.17	0.16	0.15	0.14	0.12

Competitive Comparison of Astramina Group Bhd's Debt-to-Equity

For the Packaged Foods subindustry, Astramina 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.

Astramina Group Bhd's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Astramina Group Bhd's Debt-to-Equity distribution charts can be found below:

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

Astramina Group Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Astramina Group Bhd's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0.247	+	6.267)	/	47.645
	=	0.14

Astramina Group Bhd's Debt to Equity Ratio for the quarter 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
	=	(0.247	+	6.064)	/	51.575
	=	0.12

Astramina Group Bhd (XKLS:03032) 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.

Astramina Group Bhd Debt-to-Equity Related Terms

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Astramina Group Bhd (XKLS:03032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Astramina Group Bhd (XKLS:03032) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102, Jalan Metro Perdana Barat 13, Sri Edaran Industrial Park, Off Jalan Kepong, Kuala Lumpur, MYS, 52100

Website

https://www.seasonings.com.my

Astramina Group Bhd through its subsidiary is engaged in the manufacturing and selling of food ingredients, and trading of food ingredients. The company distribute its seasoning products through several key distributors from Singapore, South Korea, Sri Lanka, Bangladesh, Pakistan, Indonesia, Myanmar and China. The operating business segments are manufacturing and selling of food ingredients, and trading of food ingredients, with maximum revenue from manufacturing and selling of food ingredients segment.

Astramina Group Bhd (XKLS:03032) Headlines

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