Genting Bhd (XKLS:3182) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is Genting Bhd Debt-to-Equity?

Genting Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM2,881 Mil. Genting Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM36,946 Mil. Genting Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM33,678 Mil. Genting Bhd's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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

XKLS:3182' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.89 Max: 1.28
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Genting Bhd was 1.28. The lowest was 0.38. And the median was 0.89.

XKLS:3182's Debt-to-Equity is ranked worse than
72.07% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs XKLS:3182: 1.18

Genting Bhd Debt-to-Equity Historical Data

The historical data trend for Genting 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.

Genting Bhd Debt-to-Equity Chart

Genting Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

1.12

1.28

1.26

1.18

Genting 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															1.26	1.24	1.19	1.22	1.18

Competitive Comparison of Genting Bhd's Debt-to-Equity

For the Resorts & Casinos subindustry, Genting 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.

Genting Bhd's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Genting Bhd's Debt-to-Equity distribution charts can be found below:

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

Genting Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genting 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
	=	(2880.7	+	36946.2)	/	33678.2
	=	1.18

Genting 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
	=	(2880.7	+	36946.2)	/	33678.2
	=	1.18

Genting Bhd (XKLS:3182) 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.

Genting Bhd Debt-to-Equity Related Terms

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Genting Bhd (XKLS:3182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Bhd (XKLS:3182) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GEBHY:USA GEBHF:USA

Address

Jalan Sultan Ismail, 25th Floor, Wisma Genting, Kuala Lumpur, MYS, 50250

Website

https://www.genting.com

Genting Bhd is a diversified holdings company primarily operating in the resorts and casinos industry. The company's primary business segment is Leisure & Hospitality, but the business has several smaller segments: Plantation, Power, Property, and Oil & Gas. The Leisure & Hospitality segment operates numerous resorts worldwide, many of which have casinos, theme parks, concerts, restaurants, and retail shopping locations. Additionally, the company has diversified segments, which control farmland, oil and gas, and real estate. The company generates the vast majority of its revenue from Malaysia and Singapore.

Genting Bhd (XKLS:3182) Headlines

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