DRB-Hicom Bhd (XKLS:1619) Debt-to-Equity : 0.81 (As of Mar. 2024)

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What is DRB-Hicom Bhd Debt-to-Equity?

DRB-Hicom Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM1,550 Mil. DRB-Hicom Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM5,941 Mil. DRB-Hicom Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM9,252 Mil. DRB-Hicom Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.81.

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

XKLS:1619' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 0.87 Max: 1.57
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of DRB-Hicom Bhd was 1.57. The lowest was 0.67. And the median was 0.87.

XKLS:1619's Debt-to-Equity is ranked worse than
67.01% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XKLS:1619: 0.81

DRB-Hicom Bhd Debt-to-Equity Historical Data

The historical data trend for DRB-Hicom 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.

DRB-Hicom Bhd Debt-to-Equity Chart

DRB-Hicom Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.92

1.06

0.98

0.82

DRB-Hicom Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.94	0.98	0.86	0.82	0.81

Competitive Comparison of DRB-Hicom Bhd's Debt-to-Equity

For the Auto Manufacturers subindustry, DRB-Hicom 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.

DRB-Hicom Bhd's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, DRB-Hicom Bhd's Debt-to-Equity distribution charts can be found below:

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

DRB-Hicom Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DRB-Hicom Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1542.051	+	5957.764)	/	9177.061
	=	0.82

DRB-Hicom Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1549.503	+	5941.179)	/	9251.95
	=	0.81

DRB-Hicom Bhd (XKLS:1619) 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.

DRB-Hicom Bhd Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of DRB-Hicom Bhd's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

DRB-Hicom Bhd (XKLS:1619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » DRB-Hicom Bhd (XKLS:1619) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Usahawan U1/8, Level 5, Wisma DRB-HICOM, Seksyen U1, Shah Alam, SGR, MYS, 40150

Website

https://www.drb-hicom.com

DRB-Hicom Bhd is a Malaysian conglomerate. The company's segment includes Automotive; Aerospace and Defence; Postal; Banking; Services and Properties. It generates maximum revenue from the Automotive segment. Automotive segment includes the production and distribution of passenger vehicles, motorcycles, commercial and special-purpose vehicles, military vehicles, and related parts and services.

DRB-Hicom Bhd (XKLS:1619) Headlines

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