Kossan Rubber Industries Bhd (XKLS:7153) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Kossan Rubber Industries Bhd Debt-to-Equity?

Kossan Rubber Industries Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM12 Mil. Kossan Rubber Industries Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM5 Mil. Kossan Rubber Industries Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM3,836 Mil. Kossan Rubber Industries Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

XKLS:7153' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: 0.41
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Kossan Rubber Industries Bhd was 0.41. The lowest was 0.01. And the median was 0.24.

XKLS:7153's Debt-to-Equity is ranked better than
99.86% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs XKLS:7153: 0.01

Kossan Rubber Industries Bhd Debt-to-Equity Historical Data

The historical data trend for Kossan Rubber Industries 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.

Kossan Rubber Industries Bhd Debt-to-Equity Chart

Kossan Rubber Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.41

0.24

0.06

0.02

0.01

Kossan Rubber Industries 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															0.02	0.01	0.01	0.01	0.01

Competitive Comparison of Kossan Rubber Industries Bhd's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Kossan Rubber Industries 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.

Kossan Rubber Industries Bhd's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kossan Rubber Industries Bhd's Debt-to-Equity distribution charts can be found below:

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

Kossan Rubber Industries Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kossan Rubber Industries 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
	=	(12.209	+	5.129)	/	3835.979
	=	0.00

Kossan Rubber Industries 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
	=	(12.209	+	5.129)	/	3835.979
	=	0.00

Kossan Rubber Industries Bhd (XKLS:7153) 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.

Kossan Rubber Industries Bhd Debt-to-Equity Related Terms

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Kossan Rubber Industries Bhd (XKLS:7153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kossan Rubber Industries Bhd (XKLS:7153) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100

Website

https://www.kossan.com.my

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (XKLS:7153) Headlines

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