Velesto Energy Bhd (XKLS:5243) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Velesto Energy Bhd Debt-to-Equity?

Velesto Energy Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM118 Mil. Velesto Energy Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM248 Mil. Velesto Energy Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM2,475 Mil. Velesto Energy Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

XKLS:5243' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.49 Max: 1.75
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Velesto Energy Bhd was 1.75. The lowest was 0.19. And the median was 0.49.

XKLS:5243's Debt-to-Equity is ranked better than
72.5% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs XKLS:5243: 0.19

Velesto Energy Bhd Debt-to-Equity Historical Data

The historical data trend for Velesto Energy 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.

Velesto Energy Bhd Debt-to-Equity Chart

Velesto Energy Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.26

0.25

0.15

Velesto Energy 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															0.25	0.25	0.22	0.19	0.15

Competitive Comparison of Velesto Energy Bhd's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Velesto Energy 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.

Velesto Energy Bhd's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Velesto Energy Bhd's Debt-to-Equity distribution charts can be found below:

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

Velesto Energy Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Velesto Energy Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(118.385	+	247.712)	/	2475.408
	=	0.15

Velesto Energy 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
	=	(118.385	+	247.712)	/	2475.408
	=	0.15

Velesto Energy Bhd (XKLS:5243) 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.

Velesto Energy Bhd Debt-to-Equity Related Terms

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

Velesto Energy Bhd (XKLS:5243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velesto Energy Bhd (XKLS:5243) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Stesen Sentral 5, Level 18, Block 3A, Plaza Sentral, Kuala Lumpur, MYS, 50470

Website

https://www.velesto.com

Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company has four operating segments namely drilling services; Integrated services; oilfield services; and others. The company has a geographical presence in Malaysia, Indonesia, and Singapore.

Velesto Energy Bhd (XKLS:5243) Headlines

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