Red Ideas Holdings Bhd (XKLS:03002) Debt-to-Equity : 0.05 (As of Jun. 2023)

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What is Red Ideas Holdings Bhd Debt-to-Equity?

Red Ideas Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was RM0.06 Mil. Red Ideas Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was RM0.06 Mil. Red Ideas Holdings Bhd's Total Stockholders Equity for the quarter that ended in Jun. 2023 was RM2.41 Mil. Red Ideas Holdings Bhd's debt to equity for the quarter that ended in Jun. 2023 was 0.05.

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

XKLS:03002' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.06
Current: 0.05

During the past 7 years, the highest Debt-to-Equity Ratio of Red Ideas Holdings Bhd was 0.06. The lowest was 0.02. And the median was 0.04.

XKLS:03002's Debt-to-Equity is ranked better than
77.79% of 2211 companies
in the Software industry
Industry Median: 0.21 vs XKLS:03002: 0.05

Red Ideas Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Red Ideas Holdings 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.

Red Ideas Holdings Bhd Debt-to-Equity Chart

Red Ideas Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.03

0.04

0.02

0.06

Red Ideas Holdings Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial									0.04	0.02	0.04	0.06	0.05

Competitive Comparison of Red Ideas Holdings Bhd's Debt-to-Equity

For the Software - Application subindustry, Red Ideas Holdings 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.

Red Ideas Holdings Bhd's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Red Ideas Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Red Ideas Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Ideas Holdings Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.114	+	0.058)	/	2.862
	=	0.06

Red Ideas Holdings Bhd's Debt to Equity Ratio for the quarter 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
	=	(0.058	+	0.058)	/	2.405
	=	0.05

Red Ideas Holdings Bhd (XKLS:03002) 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.

Red Ideas Holdings Bhd Debt-to-Equity Related Terms

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Red Ideas Holdings Bhd (XKLS:03002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Ideas Holdings Bhd (XKLS:03002) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pusat Dagangan Phileo Damansara 1, Jalan 16/11, Unit 606, Block G, Seksyen 16, Petaling Jaya, SGR, MYS, 46350

Website

http://www.redideasholdings.com

Red Ideas Holdings Bhd develops and sells software products and solutions to residential or commercial communities. It delivers community services and solutions related to security, communication and convenience, by leveraging on mobile application platform. It offers JaGaApp Platform, with features like emergency assist, intercom Call, real-time notice board, visitor registration and many more.

Red Ideas Holdings Bhd (XKLS:03002) Headlines

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