Luxchem Bhd (XKLS:5143) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Luxchem Bhd Debt-to-Equity?

Luxchem Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM48.6 Mil. Luxchem Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was RM11.7 Mil. Luxchem Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was RM536.6 Mil. Luxchem Bhd's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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

XKLS:5143' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.26 Max: 0.6
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Luxchem Bhd was 0.60. The lowest was 0.09. And the median was 0.26.

XKLS:5143's Debt-to-Equity is ranked better than
76.15% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs XKLS:5143: 0.11

Luxchem Bhd Debt-to-Equity Historical Data

The historical data trend for Luxchem 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.

Luxchem Bhd Debt-to-Equity Chart

Luxchem Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.19

0.20

0.11

0.10

Luxchem Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.11	0.09	0.12	0.10	0.11

Competitive Comparison of Luxchem Bhd's Debt-to-Equity

For the Chemicals subindustry, Luxchem 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.

Luxchem Bhd's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Luxchem Bhd's Debt-to-Equity distribution charts can be found below:

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

Luxchem Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luxchem 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
	=	(39.131	+	12.525)	/	533.549
	=	0.10

Luxchem 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
	=	(48.563	+	11.708)	/	536.562
	=	0.11

Luxchem Bhd (XKLS:5143) 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.

Luxchem Bhd Debt-to-Equity Related Terms

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Luxchem Bhd (XKLS:5143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luxchem Corp Bhd (XKLS:5143) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Jalan SS21/58, Damansara Utama, Petaling Jaya, SGR, MYS, 47400

Website

http://www.luxchem.com.my

Luxchem Corp Bhd is a Malaysia based company engaged in the import, export, and distribution of petrochemical and other related products. It operates through two reportable segments namely Trading and Manufacturing. The Trading segment comprises of import, export, and distribution of petrochemical and other related products. The Manufacturing segment engages in the manufacturing and trading of unsaturated polyester resin and related products, and the manufacturing and trading of latex chemical dispersions, latex processing chemicals, and related products for the latex industry. Geographically, the firm has its presence across the region of Malaysia, Vietnam, Indonesia, Thailand, Singapore, Bangladesh, and Australia.

Luxchem Bhd (XKLS:5143) Headlines

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