CN Asia Bhd (XKLS:7986) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is CN Asia Bhd Debt-to-Equity?

CN Asia Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM4.51 Mil. CN Asia Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM3.05 Mil. CN Asia Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM42.97 Mil. CN Asia Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

XKLS:7986' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.71
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of CN Asia Bhd was 0.71. The lowest was 0.01. And the median was 0.12.

XKLS:7986's Debt-to-Equity is ranked better than
62.86% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKLS:7986: 0.18

CN Asia Bhd Debt-to-Equity Historical Data

The historical data trend for CN Asia 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.

CN Asia Bhd Debt-to-Equity Chart

CN Asia Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.04

0.02

0.05

0.08

0.11

CN Asia Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.23	0.17	0.16	0.18

Competitive Comparison of CN Asia Bhd's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, CN Asia 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.

CN Asia Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

CN Asia Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CN Asia Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(3.901	+	0.479)	/	39.746
	=	0.11

CN Asia Bhd's Debt to Equity Ratio for the quarter 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
	=	(4.514	+	3.047)	/	42.968
	=	0.18

CN Asia Bhd (XKLS:7986) 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.

CN Asia Bhd Debt-to-Equity Related Terms

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

CN Asia Bhd (XKLS:7986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CN Asia Corp Bhd (XKLS:7986) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300

Website

https://www.cnasia.com

CN Asia Corp Bhd is an investment holding company. It is engaged in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, and piping for the petroleum industry as well as specialized engineering and fabrication works, and sub-contractor for civil engineering work. The company segments include Manufacturing, Investment, Energy Management, and Financial Services. It generates maximum revenue from the Manufacturing segment.

CN Asia Bhd (XKLS:7986) Headlines

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