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Hengyuan Refining Co BhdXKLS:4324 47 Debt-to-Equity is 0.88 as of Mar. 2026, which is 6% above its 10-year median of 0.83. GuruFocus rates XKLS:4324 with a GF Score™ of 47/100 and a GF Value™ of RM1.16 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 811 Oil & Gas companies, Hengyuan Refining Co Bhd ranks worse than 69.54% 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 Hengyuan Refining Co Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:4324'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.83 Max: 1.93
Current: 0.88
During the past 13 years, the highest Debt-to-Equity Ratio of Hengyuan Refining Co Bhd was 1.93. The lowest was 0.34. And the median was 0.83.
XKLS:4324's Debt-to-Equity is ranked worse than 69.54% of 811
companies
in the Oil & Gas industry
Industry Median: 0.45
vs XKLS:4324: 0.88
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.
Hengyuan Refining Co Bhd Debt-to-Equity Related Terms
Hengyuan Refining Co Bhd Debt-to-Equity Historical Data
* 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:4324 vs MPC, VLO, PSX: Debt-to-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd (XKLS:4324) has a Debt-to-Equity of 0.88 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hengyuan Refining Co Bhd and its competitors. This is near median its historical median of 0.83. Over the past decade, Hengyuan Refining Co Bhd's Debt-to-Equity has ranged from 0.34 to 1.93. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #564 out of 811 companies in the Oil & Gas industry, placing it in the top 69.5%.
Is Hengyuan Refining Co Bhd's Debt-to-Equity too high?
Hengyuan Refining Co Bhd's current Debt-to-Equity of 0.88 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.93. The Oil & Gas industry median Debt-to-Equity is 0.45. Hengyuan Refining Co Bhd's value of 0.88 is 95.6% above this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #564 out of 811 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's Debt-to-Equity compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #564 out of 811 companies for Debt-to-Equity. This places Hengyuan Refining Co Bhd in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Hengyuan Refining Co Bhd's value of 0.88 is 95.6% above this benchmark. Historically, Hengyuan Refining Co Bhd's own Debt-to-Equity has ranged from 0.34 to 1.93 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.45, Hengyuan Refining Co Bhd has consistently been above 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 811 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. Hengyuan Refining Co Bhd's current Debt-to-Equity of 0.88 is 95.6% above 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 Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current Debt-to-Equity is 0.88, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.16, compared to a current price of RM1.97 — trading 69.8% above its estimated fair value. The current Debt-to-Equity is 0.88, which is near median its 10-year median of 0.83 and 95.6% above the Oil & Gas industry median of 0.45. Hengyuan Refining Co Bhd's overall GF Score™ is 47/100 with 6 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 Hengyuan Refining Co Bhd (XKLS:4324), the current Debt-to-Equity is 0.88 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.
Is Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be overvalued.
The current stock price of RM1.97 is trading 69.8% above its estimated GF Value™ of RM1.16.
GuruFocus considers Hengyuan Refining Co Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:4324:
Debt-to-Equity: 0.88 (near median its 10-year median of 0.83)
GF Value™: RM1.16 vs. price of RM1.97 (69.8% above fair value)
Industry Position: 95.6% above the Oil & Gas median (#564 of 811)
No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
47GF Score
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