Ekovest Bhd (XKLS:8877) Debt-to-Equity : 2.68 (As of Dec. 2023)

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What is Ekovest Bhd Debt-to-Equity?

Ekovest Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM599 Mil. Ekovest Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM5,744 Mil. Ekovest Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM2,371 Mil. Ekovest Bhd's debt to equity for the quarter that ended in Dec. 2023 was 2.68.

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

XKLS:8877' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.67 Med: 2.58 Max: 4.85
Current: 2.68

During the past 13 years, the highest Debt-to-Equity Ratio of Ekovest Bhd was 4.85. The lowest was 1.67. And the median was 2.58.

XKLS:8877's Debt-to-Equity is ranked worse than
94.21% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs XKLS:8877: 2.68

Ekovest Bhd Debt-to-Equity Historical Data

The historical data trend for Ekovest 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.

Ekovest Bhd Debt-to-Equity Chart

Ekovest Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.63

2.52

2.57

2.72

2.82

Ekovest 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															2.83	2.69	2.82	2.69	2.68

Competitive Comparison of Ekovest Bhd's Debt-to-Equity

For the Engineering & Construction subindustry, Ekovest 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.

Ekovest Bhd's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ekovest Bhd's Debt-to-Equity distribution charts can be found below:

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

Ekovest Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ekovest Bhd's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(573.331	+	5922.488)	/	2305.252
	=	2.82

Ekovest 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
	=	(599.362	+	5743.971)	/	2371.253
	=	2.68

Ekovest Bhd (XKLS:8877) 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.

Ekovest Bhd Debt-to-Equity Related Terms

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

Ekovest Bhd (XKLS:8877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ekovest Bhd (XKLS:8877) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 118 Jalan Gombak, Ground Floor, Wisma Ekovest, Kuala Lumpur, SGR, MYS, 53000

Website

https://www.ekovest.com.my

Ekovest Bhd is a Malaysia-based company principally engaged in investment holding and civil engineering and building works. The group's operating segments are business units engaging in providing different products and services including Construction operations, Property development, Toll Operations, Plantation; Food and beverages; Property investment, and Others. The operations of the group are entirely carried out in Malaysia with the majority of the revenue generated from Construction operations.

Ekovest Bhd (XKLS:8877) Headlines

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