Jasa Kita Bhd (XKLS:8648) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Jasa Kita Bhd Debt-to-Equity?

Jasa Kita Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.50 Mil. Jasa Kita Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.00 Mil. Jasa Kita Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM64.87 Mil. Jasa Kita Bhd's debt to equity for the quarter that ended in Dec. 2023 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 Jasa Kita Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:8648' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Jasa Kita Bhd was 0.01. The lowest was 0.00. And the median was 0.00.

XKLS:8648's Debt-to-Equity is ranked better than
99.96% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKLS:8648: 0.01

Jasa Kita Bhd Debt-to-Equity Historical Data

The historical data trend for Jasa Kita 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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Jasa Kita Bhd Debt-to-Equity Chart

Jasa Kita Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

Jasa Kita Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Competitive Comparison of Jasa Kita Bhd's Debt-to-Equity

For the Tools & Accessories subindustry, Jasa Kita 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.

Jasa Kita Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Jasa Kita Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jasa Kita Bhd's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.038	+	0)	/	64.625
	=	0.00

Jasa Kita 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
	=	(0.503	+	0)	/	64.87
	=	0.01

Jasa Kita Bhd (XKLS:8648) 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.

Jasa Kita Bhd Debt-to-Equity Related Terms

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Jasa Kita Bhd (XKLS:8648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jasa Kita Bhd (XKLS:8648) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, 3rd Floor, Jalan Segambut, Kuala Lumpur, MYS, 51200

Website

https://www.jasakita.com.my

Jasa Kita Bhd is a management and investment holding company. The company's operating segment includes Distribution and trading; Logistics related services; Investment holding and others. The company generates maximum revenue from the Distribution and trading segment which includes trading of electric motors, power tools, engineering and other industrial equipment, automobile batteries, and related automotive industrial products. Geographically, it operates only in Malaysia. Some of its products include Digital Angle Measurer; Pc End Cap Oil Filter Wrench Set; Cordless Tapper; Angle Grinder Quick and others.

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