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Adnex Group BhdXKLS:0396 +1.23%17 Debt-to-Equity is 0.29 as of Mar. 2026, which is 15% below its 10-year median of 0.34. GuruFocus rates XKLS:0396 with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,617 Construction companies, Adnex Group Bhd ranks better than 58.63% 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 Adnex Group Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:0396'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.77
Current: 0.29
During the past 3 years, the highest Debt-to-Equity Ratio of Adnex Group Bhd was 0.77. The lowest was 0.27. And the median was 0.34.
XKLS:0396's Debt-to-Equity is ranked better than 58.63% of 1617
companies
in the Construction industry
Industry Median: 0.4
vs XKLS:0396: 0.29
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.
Adnex Group Bhd Debt-to-Equity Related Terms
Adnex Group Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Adnex 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.
Adnex Group Bhd Debt-to-Equity Chart
Adnex Group Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Debt-to-Equity
0.41
0.27
0.77
Adnex Group Bhd Quarterly Data
Dec22
Dec23
Dec24
Sep25
Mar26
Debt-to-Equity
0.41
0.27
0.77
0.34
0.29
XKLS:0396 vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Adnex 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.
Adnex Group Bhd Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Adnex Group Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Adnex 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.
Adnex Group Bhd (XKLS:0396) has a Debt-to-Equity of 0.29 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Adnex Group Bhd and its competitors. This is 15% below median its historical median of 0.34. Over the past decade, Adnex Group Bhd's Debt-to-Equity has ranged from 0.27 to 0.77. According to the industry distribution chart, Adnex Group Bhd ranks #669 out of 1617 companies in the Construction industry, placing it in the top 41.4%.
Is Adnex Group Bhd's Debt-to-Equity too high?
Adnex Group Bhd's current Debt-to-Equity of 0.29 is 15% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.77. The Construction industry median Debt-to-Equity is 0.40. Adnex Group Bhd's value of 0.29 is 27.5% below this industry median. Based on the distribution chart, Adnex Group Bhd ranks #669 out of 1617 companies in the Construction industry, which is above the industry midpoint. Overall, Adnex Group Bhd has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Adnex Group Bhd's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Adnex Group Bhd ranks #669 out of 1617 companies for Debt-to-Equity. This puts Adnex Group Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.40. Adnex Group Bhd's value of 0.29 is 27.5% below this benchmark. Historically, Adnex Group Bhd's own Debt-to-Equity has ranged from 0.27 to 0.77 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.40, Adnex 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 0.40, based on 1,617 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. Adnex Group Bhd's current Debt-to-Equity of 0.29 is 27.5% 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 Adnex Group Bhd and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adnex Group Bhd's current Debt-to-Equity is 0.29, which is 15% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adnex Group Bhd stock overvalued right now?
Adnex Group Bhd (XKLS:0396) has a current Debt-to-Equity of 0.29. The current Debt-to-Equity is 0.29, which is 15% below median its 10-year median of 0.34 and 27.5% below the Construction industry median of 0.40. Adnex Group Bhd's overall GF Score™ is 17/100 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 Adnex Group Bhd (XKLS:0396), the current Debt-to-Equity is 0.29 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.
Adnex Group Bhd is an investment holding company. Through its Subsidiaries, the company is principally involved in the provision of interior fit-out services, which involve the process of actualisation of designs in the interior space. It specialises in providing interior fit-out services for commercial and industrial properties, mainly for use as corporate offices, F&B outlets and sales galleries. The company's business segments include Interior fit-out works and Turnkey fit-out services. The majority of revenue is derived from the Interior fit-out works segment, which provides interior fit-out projects based on designs provided by customers. Geographically, it derives the maximum revenue from Malaysia.
17GF Score
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