Thriven Global Bhd (XKLS:7889) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Thriven Global Bhd Debt-to-Equity?

Thriven Global Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM19.28 Mil. Thriven Global Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM60.05 Mil. Thriven Global Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM105.56 Mil. Thriven Global Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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

XKLS:7889' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.71 Max: 1.15
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Thriven Global Bhd was 1.15. The lowest was 0.50. And the median was 0.71.

XKLS:7889's Debt-to-Equity is ranked better than
50.32% of 1580 companies
in the Real Estate industry
Industry Median: 0.755 vs XKLS:7889: 0.75

Thriven Global Bhd Debt-to-Equity Historical Data

The historical data trend for Thriven 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.

Thriven Global Bhd Debt-to-Equity Chart

Thriven Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.64

0.71

0.54

0.78

Thriven Global 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															0.64	0.67	0.70	0.78	0.75

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

For the Real Estate - Diversified subindustry, Thriven 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.

Thriven Global Bhd's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Thriven Global Bhd's Debt-to-Equity distribution charts can be found below:

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

Thriven Global Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thriven 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
	=	(25.496	+	60.777)	/	110.696
	=	0.78

Thriven Global 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
	=	(19.284	+	60.045)	/	105.56
	=	0.75

Thriven Global Bhd (XKLS:7889) 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.

Thriven Global Bhd Debt-to-Equity Related Terms

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

Thriven Global Bhd (XKLS:7889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Thriven Global Bhd (XKLS:7889) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Persiaran Tropicana, PJU 3, PS1-08, Lumi Tropicana, Petaling Jaya, SGR, MYS, 47410

Website

https://www.thriven.com.my

Thriven Global Bhd operates as an investment holding company. It is engaged in the business of property development and property investment in Malaysia. The company operates through segments are, Property Development which is engaged in the development of residential and commercial properties. Property Investment segment is engaged in the management and leasing of properties and Investment segment, Food and beverages and investment holding activities from these the firm generates the majority of its revenue from the Property development segment. The group operates only in Malaysia.

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