Able Global Bhd (XKLS:7167) Debt-to-Equity : 0.54 (As of Sep. 2024)

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What is Able Global Bhd Debt-to-Equity?

Able Global Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM99.9 Mil. Able Global Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was RM152.3 Mil. Able Global Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2024 was RM467.6 Mil. Able Global Bhd's debt to equity for the quarter that ended in Sep. 2024 was 0.54.

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

XKLS:7167' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 0.64
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Able Global Bhd was 0.64. The lowest was 0.10. And the median was 0.25.

XKLS:7167's Debt-to-Equity is ranked worse than
59% of 1656 companies
in the Consumer Packaged Goods industry
Industry Median: 0.395 vs XKLS:7167: 0.54

Able Global Bhd Debt-to-Equity Historical Data

The historical data trend for Able Global 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.

Able Global Bhd Debt-to-Equity Chart

Able Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.13

0.24

0.64

0.62

Able Global 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															0.55	0.62	0.58	0.54	0.54

Competitive Comparison of Able Global Bhd's Debt-to-Equity

For the Packaged Foods subindustry, Able Global 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.

Able Global Bhd's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Able Global Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Able Global 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
	=	(113.517	+	158.952)	/	440.621
	=	0.62

Able Global 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
	=	(99.902	+	152.319)	/	467.598
	=	0.54

Able Global Bhd (XKLS:7167) 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.

Able Global Bhd Debt-to-Equity Related Terms

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Able Global Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Able Global Bhd (XKLS:7167) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 124298, Jalan Kempas Lama, Kampung Seelong Jaya, Skudai, MYS, 81300

Website

https://www.ableglobalbhd.com.my

Able Global Bhd is mainly engaged in investment holding and management services. The company operates in four main segments: Investment Holding, Tin Manufacturing, Property Development, and Food and Beverage. The Investment Holding segment provides investment holding and management services. The Tin Manufacturing segment is involved in the production of various tins, cans, and other containers. The Food and Beverage segment is responsible for manufacturing and selling milk and other dairy-related products. It derives the majority of its revenue from the Food and Beverage segment and has a presence in various countries including Malaysia, Africa, Central America, Europe, and Other Countries.

Able Global Bhd Headlines

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