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Euroasia Total Logistics PCL (BKK:ETL) Debt-to-Equity : 0.24 (As of Dec. 2023)


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What is Euroasia Total Logistics PCL Debt-to-Equity?

Euroasia Total Logistics PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿71 Mil. Euroasia Total Logistics PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿90 Mil. Euroasia Total Logistics PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿661 Mil. Euroasia Total Logistics PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Euroasia Total Logistics PCL's Debt-to-Equity or its related term are showing as below:

BKK:ETL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 0.53   Max: 0.56
Current: 0.24

During the past 3 years, the highest Debt-to-Equity Ratio of Euroasia Total Logistics PCL was 0.56. The lowest was 0.24. And the median was 0.53.

BKK:ETL's Debt-to-Equity is ranked better than
74.29% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs BKK:ETL: 0.24

Euroasia Total Logistics PCL Debt-to-Equity Historical Data

The historical data trend for Euroasia Total Logistics 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.

Euroasia Total Logistics PCL Debt-to-Equity Chart

Euroasia Total Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.53 0.56 0.24

Euroasia Total Logistics PCL Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity 0.53 N/A 0.56 0.59 0.24

Competitive Comparison of Euroasia Total Logistics PCL's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Euroasia Total Logistics 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.

Euroasia Total Logistics PCL's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroasia Total Logistics PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Euroasia Total Logistics PCL's Debt-to-Equity falls into.


Euroasia Total Logistics PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Euroasia Total Logistics 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
=(71.204 + 89.563) / 660.512
=0.24

Euroasia Total Logistics 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
=(71.204 + 89.563) / 660.512
=0.24

* 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.

Euroasia Total Logistics PCL  (BKK:ETL) 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.

Euroasia Total Logistics PCL Debt-to-Equity Related Terms

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Euroasia Total Logistics PCL (BKK:ETL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroasia Total Logistics PCL (BKK:ETL) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 19, 21 Motorway Road, Klong Songtonnoon, Lat Krabang, Bangkok, THA, 10520
Website
https://www.etl.co.th
Euroasia Total Logistics PCL is engaged in Providing cross-border land transport services.

Euroasia Total Logistics PCL (BKK:ETL) Headlines

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