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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 Ray Go Solar Holdings Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:03052'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.61 Max: 0.87
Current: 0.67
During the past 7 years, the highest Debt-to-Equity Ratio of Ray Go Solar Holdings Bhd was 0.87. The lowest was 0.06. And the median was 0.61.
XKLS:03052's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26
vs XKLS:03052: 0.67
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.
Ray Go Solar Holdings Bhd Debt-to-Equity Related Terms
Ray Go Solar Holdings Bhd Debt-to-Equity Historical Data
* 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:03052 vs FSLR, NXT, ENPH: Debt-to-Equity Comparison
For the Solar subindustry, Ray Go Solar Holdings 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.
Ray Go Solar Holdings Bhd Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ray Go Solar Holdings Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ray Go Solar Holdings 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.
Ray Go Solar Holdings Bhd (XKLS:03052) has a Debt-to-Equity of 0.67 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ray Go Solar Holdings Bhd and its competitors. This is 10% above median its historical median of 0.61. Over the past decade, Ray Go Solar Holdings Bhd's Debt-to-Equity has ranged from 0.06 to 0.87.
Is Ray Go Solar Holdings Bhd's Debt-to-Equity too high?
Ray Go Solar Holdings Bhd's current Debt-to-Equity of 0.67 is 10% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.87. The Semiconductors industry median Debt-to-Equity is 0.26. Ray Go Solar Holdings Bhd's value of 0.67 is 157.7% above this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's Debt-to-Equity compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's Debt-to-Equity of 0.67 can be compared against companies in the Semiconductors industry. The industry median Debt-to-Equity is 0.26. Ray Go Solar Holdings Bhd's value of 0.67 is 157.7% above this benchmark. Historically, Ray Go Solar Holdings Bhd's own Debt-to-Equity has ranged from 0.06 to 0.87 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.26, Ray Go Solar Holdings Bhd has consistently been above 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 Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 909 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. Ray Go Solar Holdings Bhd's current Debt-to-Equity of 0.67 is 157.7% above 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 Ray Go Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current Debt-to-Equity is 0.67, which is 10% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current Debt-to-Equity of 0.67. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current Debt-to-Equity is 0.67, which is 10% above median its 10-year median of 0.61 and 157.7% above the Semiconductors industry median of 0.26. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 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 Ray Go Solar Holdings Bhd (XKLS:03052), the current Debt-to-Equity is 0.67 as of Apr. 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.
Is Ray Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.
Key valuation signals for XKLS:03052:
Debt-to-Equity: 0.67 (10% above median its 10-year median of 0.61)
GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
Industry Position: 157.7% above the Semiconductors median
No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score
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