Wong Engineering Bhd (XKLS:7050) Debt-to-Equity : 0.55 (As of Jan. 2024)

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What is Wong Engineering Bhd Debt-to-Equity?

Wong Engineering Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM5.14 Mil. Wong Engineering Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM34.88 Mil. Wong Engineering Bhd's Total Stockholders Equity for the quarter that ended in Jan. 2024 was RM72.73 Mil. Wong Engineering Bhd's debt to equity for the quarter that ended in Jan. 2024 was 0.55.

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

XKLS:7050' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 0.55
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Wong Engineering Bhd was 0.55. The lowest was 0.02. And the median was 0.20.

XKLS:7050's Debt-to-Equity is ranked worse than
69.42% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:7050: 0.55

Wong Engineering Bhd Debt-to-Equity Historical Data

The historical data trend for Wong Engineering 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.

Wong Engineering Bhd Debt-to-Equity Chart

Wong Engineering Bhd Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.26

0.19

0.24

0.54

Wong Engineering 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															0.38	0.43	0.42	0.54	0.55

Competitive Comparison of Wong Engineering Bhd's Debt-to-Equity

For the Metal Fabrication subindustry, Wong Engineering 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.

Wong Engineering Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Wong Engineering Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wong Engineering 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
	=	(5.167	+	36.153)	/	76.016
	=	0.54

Wong Engineering 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
	=	(5.144	+	34.881)	/	72.733
	=	0.55

Wong Engineering Bhd (XKLS:7050) 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.

Wong Engineering Bhd Debt-to-Equity Related Terms

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

Wong Engineering Bhd (XKLS:7050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wong Engineering Corp Bhd (XKLS:7050) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 24, Jalan Hi-Tech 4, Phase 1, Kulim Hi-Tech Park (Phase 1), Kulim, KDH, MYS, 09000

Website

https://www.wec.com.my

Wong Engineering Corp Bhd provides product design, development and manufacturing services to its customers from industries including the Oil and Gas, Aerospace, Telecommunication, Test Instrument, Automotive and Medical Devices sector. The company offers its customer a one-stop value-added mechanical solution that encompasses the entire supply chain till the final assembly. The segments of the company are, 1) Precision engineering which includes the design and manufacture of high-precision metal stamped parts and sheet metals. 2) Construction and property development includes the provision of general buildings construction and infrastructure work,and the provision of property development and related business. 3) Others include Investment holding.

Wong Engineering Bhd (XKLS:7050) Headlines

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