Varia Bhd (XKLS:5006) Debt-to-Equity: 0.46 (As of Mar. 2026) — 142% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5006 Varia Bhd XKLS:5006
50 GF Score
Price RM0.83
GF Value RM2.64
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Varia Bhd Debt-to-Equity?

Varia Bhd XKLS:5006 -0.60% 50 Debt-to-Equity is 0.46 as of Mar. 2026, which is 142% above its 10-year median of 0.19. GuruFocus rates XKLS:5006 with a GF Score™ of 50/100 and a GF Value™ of RM2.64 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,617 Construction companies, Varia Bhd ranks worse than 53.87% on this metric.

Varia Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM115.7 Mil. Varia Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM87.0 Mil. Varia Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM442.5 Mil. Varia Bhd's debt to equity for the quarter that ended in Mar. 2026 was 0.46.

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

XKLS:5006' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.19   Max: 0.99
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Varia Bhd was 0.99. The lowest was 0.04. And the median was 0.19.

XKLS:5006's Debt-to-Equity is ranked worse than
53.87% of 1617 companies
in the Construction industry
Industry Median: 0.4 vs XKLS:5006: 0.46

Varia Bhd  (XKLS:5006) 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.


Varia Bhd Debt-to-Equity Related Terms


Varia Bhd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Varia 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.

Varia Bhd Debt-to-Equity Chart

Varia Bhd Annual Data
Trend Jan14 Jan15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.18 0.66 0.42 0.33

Varia Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.33 0.34 0.44 0.46

XKLS:5006 vs PWR, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Varia 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.


Varia Bhd Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Varia Bhd's Debt-to-Equity distribution charts can be found below:

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


XKLS:5006
50GF Score
Varia Bhd XKLS:5006
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Varia Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Varia Bhd's Debt to Equity Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Varia Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.46 mean?
Varia Bhd (XKLS:5006) has a Debt-to-Equity of 0.46 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Varia Bhd and its competitors. This is 142% above median its historical median of 0.19. Over the past decade, Varia Bhd's Debt-to-Equity has ranged from 0.04 to 0.99. According to the industry distribution chart, Varia Bhd ranks #871 out of 1617 companies in the Construction industry, placing it in the top 53.9%.
Is Varia Bhd's Debt-to-Equity too high?
Varia Bhd's current Debt-to-Equity of 0.46 is 142% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.99. The Construction industry median Debt-to-Equity is 0.40. Varia Bhd's value of 0.46 is 15% above this industry median. Based on the distribution chart, Varia Bhd ranks #871 out of 1617 companies in the Construction industry, which is below the industry midpoint. Overall, Varia Bhd has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Varia Bhd's Debt-to-Equity compare to PWR and EME?
According to the Construction industry distribution chart, Varia Bhd ranks #871 out of 1617 companies for Debt-to-Equity. This places Varia Bhd in the lower half of its industry. The industry median Debt-to-Equity is 0.40. Varia Bhd's value of 0.46 is 15% above this benchmark. Historically, Varia Bhd's own Debt-to-Equity has ranged from 0.04 to 0.99 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.40, Varia 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 a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,617 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. Varia Bhd's current Debt-to-Equity of 0.46 is 15% 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 Varia 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. Varia Bhd's current Debt-to-Equity is 0.46, which is 142% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Varia Bhd (XKLS:5006) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.64, compared to a current price of RM0.83 — trading 68.8% below its estimated fair value. The current Debt-to-Equity is 0.46, which is 142% above median its 10-year median of 0.19 and 15% above the Construction industry median of 0.40. Varia Bhd's overall GF Score™ is 50/100 with 4 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 Varia Bhd (XKLS:5006), the current Debt-to-Equity is 0.46 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 Varia Bhd (XKLS:5006) Overvalued in 2026?

Based on GuruFocus' analysis, Varia Bhd stock appears to be undervalued. The current stock price of RM0.83 is trading 68.8% below its estimated GF Value™ of RM2.64. GuruFocus considers Varia Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5006:

  • Debt-to-Equity: 0.46 (142% above median its 10-year median of 0.19)
  • GF Value™: RM2.64 vs. price of RM0.83 (68.8% below fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 15% above the Construction median (#871 of 1617)

No single metric tells the full story. See the XKLS:5006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Varia Bhd Business Description

Address Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 1105, Block E, Level 11, Petaling Jaya, SGR, MYS, 46350
Varia Bhd formerly Stella Holdings Bhd is an investment holding company. The company's segment includes Investment holding; Construction; Property investment; Property development; and others. It generates maximum revenue from the Construction segment. The Construction segment includes Construction of civil and structural, mechanical and electrical works and project management.
50GF Score

Get the complete analysis for XKLS:5006

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.83
Price
RM2.64
GF Value