REDtone Digital Bhd (XKLS:0032) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is REDtone Digital Bhd Debt-to-Equity?

REDtone Digital Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1.3 Mil. REDtone Digital Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM5.4 Mil. REDtone Digital Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM262.5 Mil. REDtone Digital Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

XKLS:0032' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.34
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of REDtone Digital Bhd was 0.34. The lowest was 0.01. And the median was 0.06.

XKLS:0032's Debt-to-Equity is ranked better than
95.94% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs XKLS:0032: 0.03

REDtone Digital Bhd Debt-to-Equity Historical Data

The historical data trend for REDtone Digital 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.

REDtone Digital Bhd Debt-to-Equity Chart

REDtone Digital Bhd Annual Data

Trend

May12

May13

May14

May15

Apr17

Apr18

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.05

0.08

0.05

0.02

REDtone Digital Bhd Quarterly Data
	Oct18	Jan19	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															0.01	0.03	0.02	0.02	0.03

Competitive Comparison of REDtone Digital Bhd's Debt-to-Equity

For the Telecom Services subindustry, REDtone Digital 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.

REDtone Digital Bhd's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, REDtone Digital Bhd's Debt-to-Equity distribution charts can be found below:

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

REDtone Digital Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

REDtone Digital Bhd's Debt to Equity Ratio for the fiscal year 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
	=	(1.33	+	2.659)	/	253.755
	=	0.02

REDtone Digital 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
	=	(1.253	+	5.431)	/	262.539
	=	0.03

REDtone Digital Bhd (XKLS:0032) 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.

REDtone Digital Bhd Debt-to-Equity Related Terms

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REDtone Digital Bhd (XKLS:0032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » REDtone Digital Bhd (XKLS:0032) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

IOI Business Park, Suite 22-30, 5th Floor, Puchong, SGR, MYS, 47100

Website

https://www.redtone.com

REDtone Digital Bhd formerly REDtone International Bhd is a digital infrastructure and services provider that offers services under three categories that are Telecommunications Services which offers data and voice services to government, enterprises, and small and medium enterprises (SMEs), Managed Telecommunications Network Services (MTNS) which includes building, maintaining and operating large scale WiFi hotspots, radio access network (RAN) infrastructure and fibre optic infrastructure, and Industry Digital Services (IDS) which includes data centre services, internet of things (IoT) services, cloud services and applications, and healthcare solutions to enterprises, government and the healthcare industry.

REDtone Digital Bhd (XKLS:0032) Headlines

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