Tanco Holdings Bhd (XKLS:2429) Debt-to-Equity : 0.03 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Tanco Holdings Bhd Debt-to-Equity?

Tanco Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.5 Mil. Tanco Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM8.4 Mil. Tanco Holdings Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM267.2 Mil. Tanco Holdings Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

XKLS:2429' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.29 Max: 0.36
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Tanco Holdings Bhd was 0.36. The lowest was 0.03. And the median was 0.29.

XKLS:2429's Debt-to-Equity is ranked better than
94.83% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs XKLS:2429: 0.03

Tanco Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Tanco Holdings 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.

Tanco Holdings Bhd Debt-to-Equity Chart

Tanco Holdings Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.32

0.26

0.25

0.27

0.10

Tanco Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.12	0.10	0.04	0.03

Competitive Comparison of Tanco Holdings Bhd's Debt-to-Equity

For the Real Estate - Diversified subindustry, Tanco 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.

Tanco Holdings Bhd's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tanco Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Tanco Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tanco Holdings Bhd's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(8.645	+	15.742)	/	238.81
	=	0.10

Tanco Holdings Bhd's Debt to Equity Ratio for the quarter 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
	=	(0.479	+	8.363)	/	267.235
	=	0.03

Tanco Holdings Bhd (XKLS:2429) 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.

Tanco Holdings Bhd Debt-to-Equity Related Terms

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

Tanco Holdings Bhd (XKLS:2429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tanco Holdings Bhd (XKLS:2429) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1, Jalan Bandar 1, Pusat Bandar Puchong, Puchong, SGR, MYS, 47160

Website

https://www.tancoholdings.com

Tanco Holdings Bhd is a Malaysia-based investment holding company. It is also engaged in the provision of management services. The company's segments include Property development/Management; Resorts & Club Operation/Management; Construction; and Investment holding and Business consulting services. The projects for Property development include Splash Park, Kuantan Hotel suites, Spa village, and International Hotel. The company generates maximum revenue from the Construction segment.

Tanco Holdings Bhd (XKLS:2429) Headlines

No Headlines