Chin Teck Plantations Bhd (XKLS:1929) Debt-to-Equity : 0.01 (As of Feb. 2024)

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What is Chin Teck Plantations Bhd Debt-to-Equity?

Chin Teck Plantations Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM0.3 Mil. Chin Teck Plantations Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM10.5 Mil. Chin Teck Plantations Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was RM896.3 Mil. Chin Teck Plantations Bhd's debt to equity for the quarter that ended in Feb. 2024 was 0.01.

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 Chin Teck Plantations Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:1929' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Chin Teck Plantations Bhd was 0.01. The lowest was 0.01. And the median was 0.01.

XKLS:1929's Debt-to-Equity is ranked better than
99.94% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs XKLS:1929: 0.01

Chin Teck Plantations Bhd Debt-to-Equity Historical Data

The historical data trend for Chin Teck Plantations 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.

Chin Teck Plantations Bhd Debt-to-Equity Chart

Chin Teck Plantations Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.01

Chin Teck Plantations Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Chin Teck Plantations Bhd's Debt-to-Equity

For the Farm Products subindustry, Chin Teck Plantations 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.

Chin Teck Plantations Bhd's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Chin Teck Plantations Bhd's Debt-to-Equity falls into.

Chin Teck Plantations Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chin Teck Plantations Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(0.419	+	10.634)	/	858.813
	=	0.01

Chin Teck Plantations Bhd's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.295	+	10.548)	/	896.348
	=	0.01

Chin Teck Plantations Bhd (XKLS:1929) 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.

Chin Teck Plantations Bhd Debt-to-Equity Related Terms

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Chin Teck Plantations Bhd (XKLS:1929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chin Teck Plantations Bhd (XKLS:1929) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 2B, Level 3A, Jalan Stesen Sentral 5, Suite 2B-3A-2, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.chinteck.com.my

Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, process and sale of fresh fruit bunches, crude palm oil, and palm kernel and is predominantly carried out in Malaysia. The company has three cultivation lands in Malaysia namely, Jemima and Sungei Sendayan, Gua Musang, and Keratong. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatera Province, Sumatera, Republic of Indonesia.

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