Gas Malaysia Bhd (XKLS:5209) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Gas Malaysia Bhd Debt-to-Equity?

Gas Malaysia Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM252 Mil. Gas Malaysia Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM82 Mil. Gas Malaysia Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM1,251 Mil. Gas Malaysia Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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

XKLS:5209' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 0.46
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Gas Malaysia Bhd was 0.46. The lowest was 0.01. And the median was 0.28.

XKLS:5209's Debt-to-Equity is ranked better than
77.27% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs XKLS:5209: 0.27

Gas Malaysia Bhd Debt-to-Equity Historical Data

The historical data trend for Gas Malaysia 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.

Gas Malaysia Bhd Debt-to-Equity Chart

Gas Malaysia Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.30

0.19

0.24

Gas Malaysia Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.22	0.22	0.24	0.27

Competitive Comparison of Gas Malaysia Bhd's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.

Gas Malaysia Bhd's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Debt-to-Equity distribution charts can be found below:

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

Gas Malaysia Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gas Malaysia 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
	=	(251.583	+	82.06)	/	1367.875
	=	0.24

Gas Malaysia Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(252.323	+	81.924)	/	1250.638
	=	0.27

Gas Malaysia Bhd (XKLS:5209) 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.

Gas Malaysia Bhd Debt-to-Equity Related Terms

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Gas Malaysia Bhd (XKLS:5209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gas Malaysia Bhd (XKLS:5209) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 5, Jalan Serendah 26/17, Seksyen 26, Shah Alam, SGR, MYS, 40732

Website

https://www.gasmalaysia.com

Gas Malaysia Bhd is a Malaysian gas utility company of which the shareholder is the state-owned Malaysian energy corporation, Petronas. Gas Malaysia is involved in the distribution and sale of natural gas and liquefied petroleum gas (LPG) within the Natural Gas Distribution System in Peninsular Malaysia. The company segments its operations into Natural Gas and LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Within this unit, the sale of natural gas generates the vast majority of revenue. Malaysia Gas also receives revenue from sales of LPG, the construction of pipelines, and pipeline usage tolling fees. While the company serves a variety of industrial and commercial consumers, its customers are residential entities.

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