Shin Yang Group Bhd (XKLS:5173) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Shin Yang Group Bhd Debt-to-Equity?

Shin Yang Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM44.1 Mil. Shin Yang Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM31.9 Mil. Shin Yang Group Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM1,230.6 Mil. Shin Yang Group Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

XKLS:5173' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.33 Max: 0.77
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Shin Yang Group Bhd was 0.77. The lowest was 0.06. And the median was 0.33.

XKLS:5173's Debt-to-Equity is ranked better than
93.09% of 883 companies
in the Transportation industry
Industry Median: 0.57 vs XKLS:5173: 0.06

Shin Yang Group Bhd Debt-to-Equity Historical Data

The historical data trend for Shin Yang Group 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.

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Shin Yang Group Bhd Debt-to-Equity Chart

Shin Yang Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.33

0.34

0.27

0.19

0.11

Shin Yang Group 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															0.14	0.13	0.11	0.09	0.06

Competitive Comparison of Shin Yang Group Bhd's Debt-to-Equity

For the Marine Shipping subindustry, Shin Yang Group 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.

Shin Yang Group Bhd's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Debt-to-Equity distribution charts can be found below:

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

Shin Yang Group Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shin Yang Group 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
	=	(102.829	+	36.561)	/	1220.927
	=	0.11

Shin Yang Group 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
	=	(44.083	+	31.879)	/	1230.564
	=	0.06

Shin Yang Group Bhd (XKLS:5173) 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.

Shin Yang Group Bhd Debt-to-Equity Related Terms

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Shin Yang Group Bhd (XKLS:5173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shin Yang Group Bhd (XKLS:5173) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100

Website

https://www.syshippingcorp.com.my

Shin Yang Group Bhd formerly Shin Yang Shipping Corp Bhd is a shipping company engaged in shipbuilding and shipping services. It has four business segments, shipping, ship repair and fabrication of metal structures segment, domestic and regional shipping segment which generates the majority of revenue, carries out shipping business in coastal and regional routes within Malaysia and the ASEAN region, International shipping segment, Land transportation and hiring services segment, Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance and trading in welding equipment and machinery, and others segment consist of the business of shipping agency. It operates in various countries like Malaysia, Singapore, Netherlands, Japan, Taiwan, and others.

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