Advanced Holdings (SGX:BLZ) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Advanced Holdings Debt-to-Equity?

Advanced Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.39 Mil. Advanced Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$4.38 Mil. Advanced Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$33.28 Mil. Advanced Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

SGX:BLZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.18 Max: 0.27
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Advanced Holdings was 0.27. The lowest was 0.08. And the median was 0.18.

SGX:BLZ's Debt-to-Equity is ranked better than
74.43% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SGX:BLZ: 0.17

Advanced Holdings Debt-to-Equity Historical Data

The historical data trend for Advanced Holdings'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.

Advanced Holdings Debt-to-Equity Chart

Advanced Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.27

0.25

0.08

0.17

Advanced Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.11	0.08	0.13	0.17

Competitive Comparison of Advanced Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Advanced Holdings'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.

Advanced Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Advanced Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advanced Holdings'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
	=	(1.392	+	4.377)	/	33.282
	=	0.17

Advanced Holdings'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
	=	(1.392	+	4.377)	/	33.282
	=	0.17

Advanced Holdings (SGX:BLZ) 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.

Advanced Holdings Debt-to-Equity Related Terms

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

Advanced Holdings (SGX:BLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advanced Holdings Ltd (SGX:BLZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Woodlands Loop, Singapore, SGP, 738319

Website

https://www.advancedholdings.com

Advanced Holdings Ltd is a Singapore based investment holding company. It designs, manufactures, markets and supplies products and solutions to the oil and gas, chemicals and petrochemicals, iron and steel, and other industries. It has two key business divisions: Engineering services and equipment; and Clean Technologies. Geographically, it operates in China, the United States, Kazakhstan, Singapore, Europe, Middle East, Malaysia, Indonesia, and other Asian countries. The company derives most of its revenue from China, followed by the United States and Kazakhstan.

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