Mida Assets PCL (BKK:MIDA) Debt-to-Equity : 1.32 (As of Mar. 2024)

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What is Mida Assets PCL Debt-to-Equity?

Mida Assets PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿3,904 Mil. Mida Assets PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿890 Mil. Mida Assets PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿3,633 Mil. Mida Assets PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.32.

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

BKK:MIDA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.26 Max: 1.63
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Mida Assets PCL was 1.63. The lowest was 0.71. And the median was 1.26.

BKK:MIDA's Debt-to-Equity is ranked worse than
53.13% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BKK:MIDA: 1.32

Mida Assets PCL Debt-to-Equity Historical Data

The historical data trend for Mida Assets 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.

Mida Assets PCL Debt-to-Equity Chart

Mida Assets PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.25

1.43

1.47

1.60

1.29

Mida Assets 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															1.54	1.38	1.26	1.29	1.32

Competitive Comparison of Mida Assets PCL's Debt-to-Equity

For the Credit Services subindustry, Mida Assets 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.

Mida Assets PCL's Debt-to-Equity Distribution in the Credit Services Industry

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

* The bar in red indicates where Mida Assets PCL's Debt-to-Equity falls into.

Mida Assets PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mida Assets 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
	=	(3039.664	+	1655.251)	/	3642.402
	=	1.29

Mida Assets 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
	=	(3904.096	+	890.055)	/	3632.905
	=	1.32

Mida Assets PCL (BKK:MIDA) 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.

Mida Assets PCL Debt-to-Equity Related Terms

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

Mida Assets PCL (BKK:MIDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Assets PCL (BKK:MIDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700

Website

http://www.midaassets.com

Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandises and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relation, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

Mida Assets PCL (BKK:MIDA) Headlines

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