Advancecon Holdings Bhd (XKLS:5281) Debt-to-Equity : 1.23 (As of Dec. 2023)

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What is Advancecon Holdings Bhd Debt-to-Equity?

Advancecon Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM112.4 Mil. Advancecon Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM107.5 Mil. Advancecon Holdings Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM179.1 Mil. Advancecon Holdings Bhd's debt to equity for the quarter that ended in Dec. 2023 was 1.23.

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

XKLS:5281' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.72 Max: 1.34
Current: 1.23

During the past 8 years, the highest Debt-to-Equity Ratio of Advancecon Holdings Bhd was 1.34. The lowest was 0.59. And the median was 0.72.

XKLS:5281's Debt-to-Equity is ranked worse than
81.7% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs XKLS:5281: 1.23

Advancecon Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Advancecon Holdings 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.

Advancecon Holdings Bhd Debt-to-Equity Chart

Advancecon Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.67

0.71

0.59

1.34

1.23

Advancecon Holdings 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															1.34	1.09	0.86	1.02	1.23

Competitive Comparison of Advancecon Holdings Bhd's Debt-to-Equity

For the Engineering & Construction subindustry, Advancecon Holdings 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.

Advancecon Holdings Bhd's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Advancecon Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Advancecon Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advancecon Holdings 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
	=	(112.366	+	107.483)	/	179.146
	=	1.23

Advancecon Holdings 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
	=	(112.366	+	107.483)	/	179.146
	=	1.23

Advancecon Holdings Bhd (XKLS:5281) 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.

Advancecon Holdings Bhd Debt-to-Equity Related Terms

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

Advancecon Holdings Bhd (XKLS:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advancecon Holdings Bhd (XKLS:5281) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, 18 & 20, Jalan Pekaka 8/3, Seksyen 8, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.advancecon.com.my

Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works and embankment construction. The company has following reportable segments: Construction and Support Services and Property Investments, Green Energy and Quarry Operations, Centralised Labour Quarter. It derives majority of its revenue from Construction and Support Services segment. Further, it is also involved in the New Energy division, which focuses on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.

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