AbleGroup Bhd (XKLS:7086) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is AbleGroup Bhd Debt-to-Equity?

AbleGroup Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.21 Mil. AbleGroup Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM0.40 Mil. AbleGroup Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM43.59 Mil. AbleGroup Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

XKLS:7086' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.16
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of AbleGroup Bhd was 0.16. The lowest was 0.00. And the median was 0.02.

XKLS:7086's Debt-to-Equity is ranked better than
99.93% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs XKLS:7086: 0.01

AbleGroup Bhd Debt-to-Equity Historical Data

The historical data trend for AbleGroup 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.

AbleGroup Bhd Debt-to-Equity Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.02

AbleGroup 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															0.02	0.02	0.02	0.02	0.01

Competitive Comparison of AbleGroup Bhd's Debt-to-Equity

For the Building Products & Equipment subindustry, AbleGroup 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.

AbleGroup Bhd's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Debt-to-Equity distribution charts can be found below:

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

AbleGroup Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AbleGroup 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
	=	(0.211	+	0.456)	/	43.544
	=	0.02

AbleGroup 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
	=	(0.214	+	0.401)	/	43.589
	=	0.01

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd Debt-to-Equity Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

AbleGroup Bhd (XKLS:7086) Headlines

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