Oriental Food Industries Holdings Bhd (XKLS:7107) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is Oriental Food Industries Holdings Bhd Debt-to-Equity?

Oriental Food Industries Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM1.3 Mil. Oriental Food Industries Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM0.6 Mil. Oriental Food Industries Holdings Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2024 was RM269.9 Mil. Oriental Food Industries Holdings Bhd's debt to equity for the quarter that ended in Sep. 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 Oriental Food Industries Holdings Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:7107' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.14
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Oriental Food Industries Holdings Bhd was 0.14. The lowest was 0.01. And the median was 0.06.

XKLS:7107's Debt-to-Equity is ranked better than
99.94% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs XKLS:7107: 0.01

Oriental Food Industries Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Oriental Food Industries 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.

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Oriental Food Industries Holdings Bhd Debt-to-Equity Chart

Oriental Food Industries Holdings Bhd Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.08

0.05

0.03

0.02

0.01

Oriental Food Industries Holdings Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Oriental Food Industries Holdings Bhd's Debt-to-Equity

For the Confectioners subindustry, Oriental Food Industries 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.

Oriental Food Industries Holdings Bhd's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oriental Food Industries Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Oriental Food Industries Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oriental Food Industries Holdings Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(1.301	+	1.174)	/	263.078
	=	0.01

Oriental Food Industries Holdings Bhd's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.302	+	0.58)	/	269.947
	=	0.01

Oriental Food Industries Holdings Bhd (XKLS:7107) 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.

Oriental Food Industries Holdings Bhd Debt-to-Equity Related Terms

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

Oriental Food Industries Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oriental Food Industries Holdings Bhd (XKLS:7107) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 65, Jalan Usaha 7, Air Keroh Industrial Estate, Melaka, MLA, MYS, 75450

Website

https://www.ofih.com.my

Oriental Food Industries Holdings Bhd is an investment holding company that manufactures, markets, and sells snack food and confectionery products. The company offers snack food products, wafers, potato snacks, and bakery products under the Super Ring, Jacker, Rota, Oriental, Fudo, Delio, ZESS, and Funtos brand names. It is also involved in property development activities. Its Manufacturing and Marketing of Snack Food and Confectioneries segment serves as a major revenue driver for the firm, while it generates the majority of revenue in Asia.

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