Eastern Commercial Leasing PCL (BKK:ECL) Debt-to-Equity : 1.63 (As of Mar. 2024)

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What is Eastern Commercial Leasing PCL Debt-to-Equity?

Eastern Commercial Leasing PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,632.6 Mil. Eastern Commercial Leasing PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,473.8 Mil. Eastern Commercial Leasing PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿1,906.4 Mil. Eastern Commercial Leasing PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.63.

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 Eastern Commercial Leasing PCL's Debt-to-Equity or its related term are showing as below:

BKK:ECL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.69 Max: 3.23
Current: 1.63

During the past 13 years, the highest Debt-to-Equity Ratio of Eastern Commercial Leasing PCL was 3.23. The lowest was 1.00. And the median was 1.69.

BKK:ECL's Debt-to-Equity is ranked worse than
57.54% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BKK:ECL: 1.63

Eastern Commercial Leasing PCL Debt-to-Equity Historical Data

The historical data trend for Eastern Commercial Leasing PCL'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.

Eastern Commercial Leasing PCL Debt-to-Equity Chart

Eastern Commercial Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.86

2.36

1.59

1.32

1.57

Eastern Commercial Leasing PCL 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															1.36	1.46	1.59	1.57	1.63

Competitive Comparison of Eastern Commercial Leasing PCL's Debt-to-Equity

For the Credit Services subindustry, Eastern Commercial Leasing PCL'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.

Eastern Commercial Leasing PCL's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Eastern Commercial Leasing PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eastern Commercial Leasing PCL's Debt-to-Equity falls into.

Eastern Commercial Leasing PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Commercial Leasing PCL'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
	=	(1569.474	+	1404.631)	/	1892.402
	=	1.57

Eastern Commercial Leasing PCL'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
	=	(1632.601	+	1473.849)	/	1906.365
	=	1.63

Eastern Commercial Leasing PCL (BKK:ECL) 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.

Eastern Commercial Leasing PCL Debt-to-Equity Related Terms

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Eastern Commercial Leasing PCL (BKK:ECL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eastern Commercial Leasing PCL (BKK:ECL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rim Klong Samsean Road, 976/1, Soi Rama 9 Hospital, Bang Kapi Subdistrict, Huai Khwang District, Bangkok, THA, 10310

Website

https://www.ecl.co.th

Eastern Commercial Leasing PCL is engaged in the business of credit services to the personal and juristic person in the form of hire purchase, loans and sale with right of redemption agreement. The company operates in the business division of Credit Services. The hire and sale-purchase agreement generate maximum revenue for the company.