Sarawak Cable Bhd (XKLS:5170) Debt-to-Equity : -3.19 (As of Feb. 2024)

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What is Sarawak Cable Bhd Debt-to-Equity?

Sarawak Cable Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM381.8 Mil. Sarawak Cable Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM11.4 Mil. Sarawak Cable Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was RM-123.4 Mil. Sarawak Cable Bhd's debt to equity for the quarter that ended in Feb. 2024 was -3.19.

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

XKLS:5170' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.86 Med: 2.22 Max: 27.42
Current: -3.19

During the past 13 years, the highest Debt-to-Equity Ratio of Sarawak Cable Bhd was 27.42. The lowest was -6.86. And the median was 2.22.

XKLS:5170's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs XKLS:5170: -3.19

Sarawak Cable Bhd Debt-to-Equity Historical Data

The historical data trend for Sarawak Cable 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.

Sarawak Cable Bhd Debt-to-Equity Chart

Sarawak Cable Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

May23

Debt-to-Equity

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2.16

2.45

3.35

3.45

-6.86

Sarawak Cable Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															27.42	-6.86	-5.63	-3.85	-3.19

Competitive Comparison of Sarawak Cable Bhd's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Sarawak Cable 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.

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

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

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

Sarawak Cable Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sarawak Cable Bhd's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(388.644	+	11.872)	/	-58.427
	=	-6.85

Sarawak Cable 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
	=	(381.818	+	11.424)	/	-123.369
	=	-3.19

Sarawak Cable Bhd (XKLS:5170) 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.

Sarawak Cable Bhd Debt-to-Equity Related Terms

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

Sarawak Cable Bhd (XKLS:5170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sarawak Cable Bhd (XKLS:5170) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Lot 767, Block 8, Jalan Bako, Muara Tebas Land District, Demak Laut Industrial Estate Phase III, Kuching, SWK, MYS, 93050

Website

https://www.sarawakcable.com

Sarawak Cable Bhd is a Malaysian based company. Together with its subsidiaries, the company manufactures cables and wires. It operates in four segments The Sale of power cables and conductors segment supplies power cables and conductors components, Sale of galvanized steel products, and steel structures segment supplies galvanized steel products and steel structures and galvanizing services. The transmission lines construction segment involves supply, installation, and commissioning of transmission line projects. And the corporate segment is involved in Group-level corporate and management services. The Sale of power cables and conductors segment is the key revenue generator for the group.

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