Southern Cable Group Bhd (XKLS:0225) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Southern Cable Group Bhd Debt-to-Equity?

Southern Cable Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM157 Mil. Southern Cable Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM9 Mil. Southern Cable Group Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM329 Mil. Southern Cable Group Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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

XKLS:0225' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.66 Max: 1.42
Current: 0.51

During the past 8 years, the highest Debt-to-Equity Ratio of Southern Cable Group Bhd was 1.42. The lowest was 0.34. And the median was 0.66.

XKLS:0225's Debt-to-Equity is ranked worse than
73.55% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKLS:0225: 0.51

Southern Cable Group Bhd Debt-to-Equity Historical Data

The historical data trend for Southern Cable 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.

* Premium members only.

Southern Cable Group Bhd Debt-to-Equity Chart

Southern Cable Group Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.88

0.47

0.61

0.76

0.62

Southern Cable Group Bhd Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.71	0.66	0.62	0.62	0.51

Competitive Comparison of Southern Cable Group Bhd's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Southern Cable 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.

Southern Cable Group Bhd's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Southern Cable Group Bhd's Debt-to-Equity distribution charts can be found below:

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

Southern Cable Group Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern Cable Group 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
	=	(186.093	+	9.64)	/	315.042
	=	0.62

Southern Cable Group Bhd's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(157.37	+	9.355)	/	329.232
	=	0.51

Southern Cable Group Bhd (XKLS:0225) 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.

Southern Cable Group Bhd Debt-to-Equity Related Terms

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

Southern Cable Group Bhd (XKLS:0225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Southern Cable Group Bhd (XKLS:0225) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 42, Jalan Merbau Pulas, Kawasan Perusahaan Kuala Ketil, Kuala Ketil, KDH, MYS, 09300

Website

https://www.southerncable.com.my

Southern Cable Group Bhd is a manufacturer of cables and wires. The company's portfolio includes cables and wires used for power distribution and transmission, communications, as well as control and instrumentation applications. The operating segment of the company are Power cables and wires, Communications cables and wires, Control and instrumentation cables and wires and Related products and services. Power cables and wires segment include power cables and wires which are used in electrical systems for the distribution of power. The majority of company's revenue is generated from Power cables and wires segment.

Southern Cable Group Bhd (XKLS:0225) Headlines

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