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Zelan BhdXKLS:2283 Debt-to-Equity is -2.37 as of Mar. 2026. The stock has 8 warning signs investors should review. Among 1,614 Construction companies, Zelan Bhd ranks worse than 61957.81% 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 Zelan Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:2283'
s Debt-to-Equity Range Over the Past 10 Years
Min: -4.07 Med: 5.09 Max: 12.81
Current: -2.37
During the past 13 years, the highest Debt-to-Equity Ratio of Zelan Bhd was 12.81. The lowest was -4.07. And the median was 5.09.
XKLS:2283's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.4
vs XKLS:2283: -2.37
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.
Zelan Bhd Debt-to-Equity Related Terms
Zelan Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Zelan 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.
XKLS:2283 vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Zelan 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.
Zelan Bhd Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Zelan Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zelan 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.
Zelan Bhd (XKLS:2283) has a Debt-to-Equity of -2.37 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zelan Bhd and its competitors. According to the industry distribution chart, Zelan Bhd ranks #999999 out of 1614 companies in the Construction industry.
Is Zelan Bhd's Debt-to-Equity too high?
Zelan Bhd's current Debt-to-Equity is -2.37. Based on the distribution chart, Zelan Bhd ranks #999999 out of 1614 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Zelan Bhd's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Zelan Bhd ranks #999999 out of 1614 companies for Debt-to-Equity. This places Zelan Bhd in the lower half of its industry. The industry median Debt-to-Equity is 0.40. 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 1,614 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. 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 Zelan 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. Zelan Bhd's current Debt-to-Equity is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zelan Bhd (XKLS:2283) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.07 — trading 133.3% above its estimated fair value. The current Debt-to-Equity is -2.37. 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 Zelan Bhd (XKLS:2283), the current Debt-to-Equity is -2.37 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.
Zelan Bhd is a company involved in the engineering and construction business sector. The company business segments are the Engineering and Construction segment, which includes projects in Indonesia, the Middle East, and Malaysia, the Property and Development business segment, which includes rental income, car park income, and management fees; the Asset facility management business segment are asset management services provided for the concession agreement; and Investment business segment includes rental income. The majority of the revenue is derived from Asset facility management segment.
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