Choo Bee Metal Industries Bhd (XKLS:5797) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Choo Bee Metal Industries Bhd Debt-to-Equity?

Choo Bee Metal Industries Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM9.7 Mil. Choo Bee Metal Industries Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM3.1 Mil. Choo Bee Metal Industries Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM620.7 Mil. Choo Bee Metal Industries Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Choo Bee Metal Industries Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:5797' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Choo Bee Metal Industries Bhd was 0.11. The lowest was 0.00. And the median was 0.02.

XKLS:5797's Debt-to-Equity is ranked better than
95.49% of 554 companies
in the Steel industry
Industry Median: 0.4 vs XKLS:5797: 0.02

Choo Bee Metal Industries Bhd Debt-to-Equity Historical Data

The historical data trend for Choo Bee Metal Industries 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.

Choo Bee Metal Industries Bhd Debt-to-Equity Chart

Choo Bee Metal Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

0.02

Choo Bee Metal Industries 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															0.02	-	0.03	0.02	0.02

Competitive Comparison of Choo Bee Metal Industries Bhd's Debt-to-Equity

For the Steel subindustry, Choo Bee Metal Industries 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.

Choo Bee Metal Industries Bhd's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Choo Bee Metal Industries Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Choo Bee Metal Industries Bhd's Debt-to-Equity falls into.

Choo Bee Metal Industries Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Choo Bee Metal Industries 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
	=	(9.708	+	3.056)	/	620.688
	=	0.02

Choo Bee Metal Industries 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
	=	(9.708	+	3.056)	/	620.688
	=	0.02

Choo Bee Metal Industries Bhd (XKLS:5797) 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.

Choo Bee Metal Industries Bhd Debt-to-Equity Related Terms

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

Choo Bee Metal Industries Bhd (XKLS:5797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Choo Bee Metal Industries Bhd (XKLS:5797) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bendahara, Wisma Soon Teik Aun, Ipoh, PRK, MYS, 31650

Website

https://www.choobee.com

Choo Bee Metal Industries Bhd is a Malaysian-based company engaged in the processing of steel coils into steel products, fabrication of steel products, and trading of hardware products. The firm manufactures steel products for oil and gas applications, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products, and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The group is organized into trading and manufacturing segments in which Trading segments derive a majority of its revenue. Geographically, it derives the majority of its revenue from Malaysia.

Choo Bee Metal Industries Bhd (XKLS:5797) Headlines

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