Harn Len Bhd (XKLS:7501) Debt-to-Equity : 0.21 (As of Feb. 2024)

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What is Harn Len Bhd Debt-to-Equity?

Harn Len Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM27.8 Mil. Harn Len Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM41.6 Mil. Harn Len Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was RM337.9 Mil. Harn Len Bhd's debt to equity for the quarter that ended in Feb. 2024 was 0.21.

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

XKLS:7501' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.28 Max: 0.58
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Harn Len Bhd was 0.58. The lowest was 0.07. And the median was 0.28.

XKLS:7501's Debt-to-Equity is ranked better than
67.64% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs XKLS:7501: 0.21

Harn Len Bhd Debt-to-Equity Historical Data

The historical data trend for Harn Len 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.

Harn Len Bhd Debt-to-Equity Chart

Harn Len Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

Get a 7-Day Free Trial

0.39

0.47

0.50

0.28

0.26

Harn Len Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.21	0.21	0.20	0.21

Competitive Comparison of Harn Len Bhd's Debt-to-Equity

For the Farm Products subindustry, Harn Len 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.

Harn Len Bhd's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Harn Len Bhd's Debt-to-Equity distribution charts can be found below:

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

Harn Len Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harn Len Bhd's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(36.472	+	44.175)	/	312.362
	=	0.26

Harn Len Bhd's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(27.832	+	41.629)	/	337.891
	=	0.21

Harn Len Bhd (XKLS:7501) 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.

Harn Len Bhd Debt-to-Equity Related Terms

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Harn Len Bhd (XKLS:7501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Harn Len Corp Bhd (XKLS:7501) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Jalan Gereja, 6th Floor, Johor Tower, Johor Bahru, MYS, 80100

Website

https://www.harnlen.com.my

Harn Len Corp Bhd is involved in the operation of oil palm plantations and oil milling operations. The operating segment of the company are Plantation segment; which does the operation of oil palm estate, palm oil mills, sales and purchase of fresh fruit bunches, and sales and trading of crude palm oil and Property and Others segment includes property investment. The Plantation segment generates maximum revenue for the company. The business of the company caters only the Malaysian market.

Harn Len Bhd (XKLS:7501) Headlines

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