Press Metal Aluminium Holdings Bhd (XKLS:8869) Debt-to-Equity : 0.67 (As of Dec. 2023)

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What is Press Metal Aluminium Holdings Bhd Debt-to-Equity?

Press Metal Aluminium Holdings Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM1,354 Mil. Press Metal Aluminium Holdings Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM3,274 Mil. Press Metal Aluminium Holdings Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM6,933 Mil. Press Metal Aluminium Holdings Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

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

XKLS:8869' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 1.27 Max: 1.76
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Press Metal Aluminium Holdings Bhd was 1.76. The lowest was 0.67. And the median was 1.27.

XKLS:8869's Debt-to-Equity is ranked worse than
80.49% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XKLS:8869: 0.67

Press Metal Aluminium Holdings Bhd Debt-to-Equity Historical Data

The historical data trend for Press Metal Aluminium 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.

Press Metal Aluminium Holdings Bhd Debt-to-Equity Chart

Press Metal Aluminium Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.05

1.29

1.65

0.77

0.67

Press Metal Aluminium 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															0.77	0.74	0.70	0.70	0.67

Competitive Comparison of Press Metal Aluminium Holdings Bhd's Debt-to-Equity

For the Aluminum subindustry, Press Metal Aluminium 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.

Press Metal Aluminium Holdings Bhd's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Press Metal Aluminium Holdings Bhd's Debt-to-Equity distribution charts can be found below:

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

Press Metal Aluminium Holdings Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Press Metal Aluminium 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
	=	(1353.661	+	3274.192)	/	6933.014
	=	0.67

Press Metal Aluminium 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
	=	(1353.661	+	3274.192)	/	6933.014
	=	0.67

Press Metal Aluminium Holdings Bhd (XKLS:8869) 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.

Press Metal Aluminium Holdings Bhd Debt-to-Equity Related Terms

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Press Metal Aluminium Holdings Bhd (XKLS:8869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Press Metal Aluminium Holdings Bhd (XKLS:8869) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PSSMF:USA

Address

No. 2, Jalan Setia Prima S U13/S, Suite 61 & 62, Setia Avenue, Setia Alam Seksyen U13, Shah Alam, MYS, 40170

Website

https://www.pressmetal.com

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The Smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys for industrial customers. The Trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm's revenue. The majority of Press Metal's revenue comes from Asia and Europe.

Press Metal Aluminium Holdings Bhd (XKLS:8869) Headlines

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