MCE Holdings Bhd (XKLS:7004) Debt-to-Equity : 0.12 (As of Jan. 2024)

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What is MCE Holdings Bhd Debt-to-Equity?

MCE Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM2.9 Mil. MCE Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM12.2 Mil. MCE Holdings Bhd's Total Stockholders Equity for the quarter that ended in Jan. 2024 was RM125.3 Mil. MCE Holdings Bhd's debt to equity for the quarter that ended in Jan. 2024 was 0.12.

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

XKLS:7004' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.34
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of MCE Holdings Bhd was 0.34. The lowest was 0.01. And the median was 0.12.

XKLS:7004's Debt-to-Equity is ranked better than
81.05% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XKLS:7004: 0.12

MCE Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for MCE 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.

MCE Holdings Bhd Debt-to-Equity Chart

MCE Holdings Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.10

0.32

0.30

0.23

0.14

MCE 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															0.21	0.16	0.14	0.13	0.12

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

For the Auto Parts subindustry, MCE 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.

MCE Holdings Bhd's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MCE Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

MCE Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MCE Holdings Bhd's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(2.914	+	12.985)	/	117.784
	=	0.13

MCE 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
	=	(2.908	+	12.249)	/	125.33
	=	0.12

MCE Holdings Bhd (XKLS:7004) 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.

MCE Holdings Bhd Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MCE Holdings Bhd's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MCE Holdings Bhd (XKLS:7004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MCE Holdings Bhd (XKLS:7004) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 and 4, Jalan Waja 7, Kawasan Perindustrian Pandan, Johor Bahru, JHR, MYS, 81100

Website

https://www.multicode.com.my

MCE Holdings Bhd is engaged in the manufacturing and supply of automotive electronics and mechatronics parts. It operates in two segments namely, Automotive parts which comprise of manufacturing and trading of automotive parts which also contributes a major part of revenue, and the Healthcare services segment comprises various health care services. The company's product portfolio includes products like anti-theft and keyless entry systems, passive start and entry systems, immobilizer systems, parking sensors systems, microwave motion, ignition key set systems, as well as anti-hijack and related auto parts. Most of its revenue comes from the Malaysian market.

MCE Holdings Bhd (XKLS:7004) Headlines

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