Tong Herr Resources Bhd (XKLS:5010) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Tong Herr Resources Bhd Debt-to-Equity?

Tong Herr Resources Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM19.9 Mil. Tong Herr Resources Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.1 Mil. Tong Herr Resources Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM554.2 Mil. Tong Herr Resources Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

XKLS:5010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.24 Max: 0.57
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Tong Herr Resources Bhd was 0.57. The lowest was 0.04. And the median was 0.24.

XKLS:5010's Debt-to-Equity is ranked better than
86.69% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKLS:5010: 0.04

Tong Herr Resources Bhd Debt-to-Equity Historical Data

The historical data trend for Tong Herr Resources 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.

Tong Herr Resources Bhd Debt-to-Equity Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.24

0.17

0.43

0.07

0.04

Tong Herr Resources 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															0.07	0.04	0.04	0.03	0.04

Competitive Comparison of Tong Herr Resources Bhd's Debt-to-Equity

For the Tools & Accessories subindustry, Tong Herr Resources 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.

Tong Herr Resources Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Debt-to-Equity distribution charts can be found below:

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

Tong Herr Resources Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tong Herr Resources Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(19.936	+	0.053)	/	554.231
	=	0.04

Tong Herr Resources 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
	=	(19.936	+	0.053)	/	554.231
	=	0.04

Tong Herr Resources Bhd (XKLS:5010) 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.

Tong Herr Resources Bhd Debt-to-Equity Related Terms

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Tong Herr Resources Bhd (XKLS:5010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

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