Mynews Holdings Bhd (XKLS:5275) Debt-to-Equity : 1.02 (As of Jan. 2024)

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What is Mynews Holdings Bhd Debt-to-Equity?

Mynews Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM88.3 Mil. Mynews Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM156.3 Mil. Mynews Holdings Bhd's Total Stockholders Equity for the quarter that ended in Jan. 2024 was RM239.8 Mil. Mynews Holdings Bhd's debt to equity for the quarter that ended in Jan. 2024 was 1.02.

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

XKLS:5275' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.33 Max: 1.2
Current: 1.02

During the past 9 years, the highest Debt-to-Equity Ratio of Mynews Holdings Bhd was 1.20. The lowest was 0.02. And the median was 0.33.

XKLS:5275's Debt-to-Equity is ranked worse than
68.2% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs XKLS:5275: 1.02

Mynews Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Mynews 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.

Mynews Holdings Bhd Debt-to-Equity Chart

Mynews Holdings Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.33

0.57

0.66

1.15

1.04

Mynews Holdings Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															1.19	1.20	1.04	1.04	1.02

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

For the Specialty Retail subindustry, Mynews 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.

Mynews Holdings Bhd's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mynews Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Mynews Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mynews Holdings Bhd's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(87.454	+	160.376)	/	238.567
	=	1.04

Mynews Holdings Bhd's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(88.328	+	156.329)	/	239.832
	=	1.02

Mynews Holdings Bhd (XKLS:5275) 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.

Mynews Holdings Bhd Debt-to-Equity Related Terms

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Mynews Holdings Bhd (XKLS:5275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mynews Holdings Bhd (XKLS:5275) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara, Petaling Jaya, MYS, 47810

Website

https://www.mynews.com.my

Mynews Holdings Bhd through its subsidiaries is engaged in the manufacture and convenience retailing, comprising the operations of a press and convenience retail chain in Malaysia under the trade name of myNEWS.com, newsplus, MAGBIT, and THE FRONT PAGE. The company operates principally in Malaysia.

Mynews Holdings Bhd (XKLS:5275) Headlines

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