Asia File Bhd (XKLS:7129) Debt-to-Equity: 0.02 (As of Mar. 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:7129 Asia File Corp Bhd XKLS:7129
61 GF Score
Price RM1.30
GF Value RM1.54
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Asia File Bhd Debt-to-Equity?

Asia File Bhd XKLS:7129 +0.78% 61 Debt-to-Equity is 0.02 as of Mar. 2026, which is 60% below its 10-year median of 0.05. GuruFocus rates XKLS:7129 with a GF Score™ of 61/100 and a GF Value™ of RM1.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,675 Industrial Products companies, Asia File Bhd ranks better than 93.61% on this metric.

Asia File Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM0.5 Mil. Asia File Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM11.2 Mil. Asia File Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM716.8 Mil. Asia File Bhd's debt to equity for the quarter that ended in Mar. 2026 was 0.02.

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

XKLS:7129' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 0.05
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Asia File Bhd was 0.05. The lowest was 0.00. And the median was 0.05.

XKLS:7129's Debt-to-Equity is ranked better than
93.61% of 2675 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:7129: 0.02

Asia File Bhd  (XKLS:7129) 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.


Asia File Bhd Debt-to-Equity Related Terms


Asia File Bhd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Asia File 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.

Asia File Bhd Debt-to-Equity Chart

Asia File Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.00 0.00 0.00 0.02

Asia File 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 0.00 0.02 0.02 0.02 0.02

Asia File Bhd Debt-to-Equity Competitor Comparison

For the Business Equipment & Supplies subindustry, Asia File 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.


Asia File Bhd Debt-to-Equity vs Industrial Products Industry

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

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


XKLS:7129
61GF Score
Asia File Corp Bhd XKLS:7129
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia File Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia File Bhd's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Asia File 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 0.02 mean?
Asia File Bhd (XKLS:7129) has a Debt-to-Equity of 0.02 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asia File Bhd and its competitors. This is 60% below median its historical median of 0.05. According to the industry distribution chart, Asia File Bhd ranks #171 out of 2675 companies in the Industrial Products industry, placing it in the top 6.4%.
Is Asia File Bhd's Debt-to-Equity too high?
Asia File Bhd's current Debt-to-Equity of 0.02 is 60% below median its 10-year median of 0.05. The Industrial Products industry median Debt-to-Equity is 0.28. Asia File Bhd's value of 0.02 is 92.9% below this industry median. Based on the distribution chart, Asia File Bhd ranks #171 out of 2675 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Asia File Bhd has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asia File Bhd's Debt-to-Equity compare to competitors?
According to the Industrial Products industry distribution chart, Asia File Bhd ranks #171 out of 2675 companies for Debt-to-Equity. This places Asia File Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. Asia File Bhd's value of 0.02 is 92.9% below this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.28, Asia File 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,675 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. Asia File Bhd's current Debt-to-Equity of 0.02 is 92.9% 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 Asia File Bhd and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia File Bhd's current Debt-to-Equity is 0.02, which is 60% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia File Bhd stock overvalued right now?
Based on GuruFocus' analysis, Asia File Bhd (XKLS:7129) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.54, compared to a current price of RM1.30 — trading 15.6% below its estimated fair value. The current Debt-to-Equity is 0.02, which is 60% below median its 10-year median of 0.05 and 92.9% below the Industrial Products industry median of 0.28. Asia File Bhd's overall GF Score™ is 61/100 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 Asia File Bhd (XKLS:7129), the current Debt-to-Equity is 0.02 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 Asia File Bhd (XKLS:7129) Overvalued in 2026?

Based on GuruFocus' analysis, Asia File Bhd stock appears to be undervalued. The current stock price of RM1.30 is trading 15.6% below its estimated GF Value™ of RM1.54. GuruFocus considers Asia File Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7129:

  • Debt-to-Equity: 0.02 (60% below median its 10-year median of 0.05)
  • GF Value™: RM1.54 vs. price of RM1.30 (15.6% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 92.9% below the Industrial Products median (#171 of 2675)

No single metric tells the full story. See the XKLS:7129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia File Bhd Business Description

Address Phase IV, Mukim 12, Plot 16, Kawasan Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900
Asia File Corp Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, it is engaged in the manufacturing and trading of stationery products, paper and plastic-based related products, and consumer and food ware products. Some of its products include plastic folders, sheet protectors, and flat files; filing/storage boxes; suspension files; clipboards and clipfolders; and others. The group's reportable segments include Filing products, which generate maximum revenue; and Industrial, consumer and food ware products. Geographically, the group generates maximum revenue from Europe, and the rest from Malaysia, Asia (excluding Malaysia), America, and other regions.
61GF Score

Get the complete analysis for XKLS:7129

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

RM1.30
Price
RM1.54
GF Value