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Techbase Industries BhdXKLS:8966 Debt-to-Equity is 0.18 as of Apr. 2026, which is 22% below its 10-year median of 0.23. The stock has 3 warning signs investors should review. Among 930 Manufacturing - Apparel & Accessories companies, Techbase Industries Bhd ranks better than 70.11% on this metric.
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: 0.18
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 70.11% of 930
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42
vs XKLS:8966: 0.18
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
Techbase Industries Bhd Debt-to-Equity Historical Data
* 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.
XKLS:8966 vs RL, LEVI, VFC: Debt-to-Equity Comparison
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 Debt-to-Equity vs 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.
* 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.
Techbase Industries Bhd (XKLS:8966) has a Debt-to-Equity of 0.18 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Techbase Industries Bhd and its competitors. This is 22% below median its historical median of 0.23. Over the past decade, Techbase Industries Bhd's Debt-to-Equity has ranged from 0.07 to 0.43. According to the industry distribution chart, Techbase Industries Bhd ranks #278 out of 930 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.9%.
Is Techbase Industries Bhd's Debt-to-Equity too high?
Techbase Industries Bhd's current Debt-to-Equity of 0.18 is 22% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.43. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.42. Techbase Industries Bhd's value of 0.18 is 57.1% below this industry median. Based on the distribution chart, Techbase Industries Bhd ranks #278 out of 930 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint.
How does Techbase Industries Bhd's Debt-to-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Techbase Industries Bhd ranks #278 out of 930 companies for Debt-to-Equity. This puts Techbase Industries Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.42. Techbase Industries Bhd's value of 0.18 is 57.1% below this benchmark. Historically, Techbase Industries Bhd's own Debt-to-Equity has ranged from 0.07 to 0.43 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.42, Techbase Industries Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Techbase Industries Bhd's current Debt-to-Equity of 0.18 is 57.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Techbase Industries Bhd and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techbase Industries Bhd's current Debt-to-Equity is 0.18, which is 22% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techbase Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Techbase Industries Bhd (XKLS:8966) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.10, compared to a current price of RM0.06 — trading 40% below its estimated fair value. The current Debt-to-Equity is 0.18, which is 22% below median its 10-year median of 0.23 and 57.1% below the Manufacturing - Apparel & Accessories industry median of 0.42. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Techbase Industries Bhd (XKLS:8966), the current Debt-to-Equity is 0.18 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Techbase Industries Bhd is engaged in Apparel Manufacturing and the Textile industry. Its apparel section includes products such as outerwear, tops, and bottoms, children's and adult wear. The company has four reportable operating segments: Apparel, Textile, Advertising, and Others. The majority of revenue is earned from the apparel segment.
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