Techbase Industries Bhd (XKLS:8966) Debt-to-Equity : 0.23 (As of Jan. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Techbase Industries Bhd Debt-to-Equity?

Techbase Industries Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM33.8 Mil. Techbase Industries Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM32.2 Mil. Techbase Industries Bhd's Total Stockholders Equity for the quarter that ended in Jan. 2024 was RM286.6 Mil. Techbase Industries Bhd's debt to equity for the quarter that ended in Jan. 2024 was 0.23.

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

XKLS:8966' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 0.43
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Techbase Industries Bhd was 0.43. The lowest was 0.07. And the median was 0.23.

XKLS:8966's Debt-to-Equity is ranked better than
66.81% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs XKLS:8966: 0.23

Techbase Industries Bhd Debt-to-Equity Historical Data

The historical data trend for Techbase Industries 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.

Techbase Industries Bhd Debt-to-Equity Chart

Techbase Industries Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

Get a 7-Day Free Trial

0.41

0.39

0.29

0.21

Techbase Industries Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.24	0.21	0.22	0.23

Competitive Comparison of Techbase Industries Bhd's Debt-to-Equity

For the Apparel Manufacturing subindustry, Techbase Industries 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.

Techbase Industries Bhd's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Debt-to-Equity distribution charts can be found below:

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

Techbase Industries Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Techbase Industries Bhd's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(25.131	+	37.624)	/	302.027
	=	0.21

Techbase Industries Bhd's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(33.755	+	32.196)	/	286.624
	=	0.23

Techbase Industries Bhd (XKLS:8966) 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.

Techbase Industries Bhd Debt-to-Equity Related Terms

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

Techbase Industries Bhd (XKLS:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Techbase Industries Bhd (XKLS:8966) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 83000

Website

https://www.prolexus.com.my

Prolexus Bhd is engaged in investment holding and the provision of management services. The company's business segments are Apparel, which includes the manufacturing of apparel and provision of apparel manufacturing services; Textile segment which includes the manufacturing of textiles and provision of textile manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. The company generates the maximum of its revenue from the apparel segment. Its primary geographic markets are Malaysia, the United States of America which generates maximum revenue, European countries, Asia, and other countries.

Techbase Industries Bhd (XKLS:8966) Headlines

No Headlines