Tropicana Bhd (XKLS:5401) Debt-to-Equity: 0.69 (As of Mar. 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:5401 Tropicana Corp Bhd XKLS:5401
58 GF Score
Price RM1.20
GF Value RM1.42
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Tropicana Bhd Debt-to-Equity?

Tropicana Bhd XKLS:5401 58 Debt-to-Equity is 0.69 as of Mar. 2026, which is 17% above its 10-year median of 0.59. GuruFocus rates XKLS:5401 with a GF Score™ of 58/100 and a GF Value™ of RM1.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,545 Real Estate companies, Tropicana Bhd ranks better than 52.23% on this metric.

Tropicana Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM1,006 Mil. Tropicana Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM1,978 Mil. Tropicana Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM4,315 Mil. Tropicana Bhd's debt to equity for the quarter that ended in Mar. 2026 was 0.69.

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

XKLS:5401' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49   Med: 0.59   Max: 0.8
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Tropicana Bhd was 0.80. The lowest was 0.49. And the median was 0.59.

XKLS:5401's Debt-to-Equity is ranked better than
52.23% of 1545 companies
in the Real Estate industry
Industry Median: 0.75 vs XKLS:5401: 0.69

Tropicana Bhd  (XKLS:5401) 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.


Tropicana Bhd Debt-to-Equity Related Terms


Tropicana Bhd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Tropicana 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.

Tropicana Bhd Debt-to-Equity Chart

Tropicana Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.77 0.64 0.50 0.62

Tropicana Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.49 0.50 0.54 0.62 0.69

Tropicana Bhd Debt-to-Equity Competitor Comparison

For the Real Estate - Development subindustry, Tropicana 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.


Tropicana Bhd Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Tropicana Bhd's Debt-to-Equity distribution charts can be found below:

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


XKLS:5401
58GF Score
Tropicana Corp Bhd XKLS:5401
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tropicana Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Tropicana 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 0.69 mean?
Tropicana Bhd (XKLS:5401) has a Debt-to-Equity of 0.69 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tropicana Bhd and its competitors. This is 17% above median its historical median of 0.59. Over the past decade, Tropicana Bhd's Debt-to-Equity has ranged from 0.49 to 0.80. According to the industry distribution chart, Tropicana Bhd ranks #738 out of 1545 companies in the Real Estate industry, placing it in the top 47.8%.
Is Tropicana Bhd's Debt-to-Equity too high?
Tropicana Bhd's current Debt-to-Equity of 0.69 is 17% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.80. The Real Estate industry median Debt-to-Equity is 0.75. Tropicana Bhd's value of 0.69 is 8% below this industry median. Based on the distribution chart, Tropicana Bhd ranks #738 out of 1545 companies in the Real Estate industry, which is above the industry midpoint. Overall, Tropicana Bhd has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tropicana Bhd's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Tropicana Bhd ranks #738 out of 1545 companies for Debt-to-Equity. This puts Tropicana Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.75. Tropicana Bhd's value of 0.69 is 8% below this benchmark. Historically, Tropicana Bhd's own Debt-to-Equity has ranged from 0.49 to 0.80 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.75, Tropicana Bhd has consistently been below 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,545 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. Tropicana Bhd's current Debt-to-Equity of 0.69 is 8% below 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 Tropicana Bhd and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tropicana Bhd's current Debt-to-Equity is 0.69, which is 17% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tropicana Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tropicana Bhd (XKLS:5401) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.42, compared to a current price of RM1.20 — trading 15.5% below its estimated fair value. The current Debt-to-Equity is 0.69, which is 17% above median its 10-year median of 0.59 and 8% below the Real Estate industry median of 0.75. Tropicana Bhd's overall GF Score™ is 58/100 with 5 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 Tropicana Bhd (XKLS:5401), the current Debt-to-Equity is 0.69 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 Tropicana Bhd (XKLS:5401) Overvalued in 2026?

Based on GuruFocus' analysis, Tropicana Bhd stock appears to be undervalued. The current stock price of RM1.20 is trading 15.5% below its estimated GF Value™ of RM1.42. GuruFocus considers Tropicana Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5401:

  • Debt-to-Equity: 0.69 (17% above median its 10-year median of 0.59)
  • GF Value™: RM1.42 vs. price of RM1.20 (15.5% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 8% below the Real Estate median (#738 of 1545)

No single metric tells the full story. See the XKLS:5401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tropicana Bhd Business Description

Address No. 2A, Persiaran Surian, Unit 1301, Level 13, Tropicana Gardens Office Tower, Tropicana Indah, Petaling Jaya, SGR, MYS, 47810
Tropicana Corp Bhd has diversified business interests including Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more. The company is organized into three segments - Property development and property management involved in the development of residential and commercial properties; Property investment, recreation, and resort involved in the management and operation of hotels, resorts, golf courses, clubhouse, and investments in commercial and other properties and Investment holding and others that provide landscape services, management and operation of private school services and other operations. Maximum revenue is generated by the property development and property management segment.
58GF Score

Get the complete analysis for XKLS:5401

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

RM1.20
Price
RM1.42
GF Value