Eastern Technical Engineering PCL (BKK:ETE) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is Eastern Technical Engineering PCL Debt-to-Equity?

Eastern Technical Engineering PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿831 Mil. Eastern Technical Engineering PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿273 Mil. Eastern Technical Engineering PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿961 Mil. Eastern Technical Engineering PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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 Technical Engineering PCL's Debt-to-Equity or its related term are showing as below:

BKK:ETE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.22 Max: 6.39
Current: 1.15

During the past 10 years, the highest Debt-to-Equity Ratio of Eastern Technical Engineering PCL was 6.39. The lowest was 0.86. And the median was 1.22.

BKK:ETE's Debt-to-Equity is ranked worse than
72.46% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs BKK:ETE: 1.15

Eastern Technical Engineering PCL Debt-to-Equity Historical Data

The historical data trend for Eastern Technical Engineering 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 Technical Engineering PCL Debt-to-Equity Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.27

0.90

0.86

0.99

1.15

Eastern Technical Engineering PCL 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															0.99	1.17	1.20	1.15	1.15

Competitive Comparison of Eastern Technical Engineering PCL's Debt-to-Equity

For the Conglomerates subindustry, Eastern Technical Engineering 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 Technical Engineering PCL's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Technical Engineering PCL's Debt-to-Equity distribution charts can be found below:

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

Eastern Technical Engineering PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Technical Engineering 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
	=	(831.393	+	273.047)	/	960.816
	=	1.15

Eastern Technical Engineering PCL'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
	=	(831.393	+	273.047)	/	960.816
	=	1.15

Eastern Technical Engineering PCL (BKK:ETE) 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 Technical Engineering PCL Debt-to-Equity Related Terms

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

Eastern Technical Engineering PCL (BKK:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

Eastern Technical Engineering PCL (BKK:ETE) Headlines

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