Pan Asia Footwear PCL (BKK:PAF) Debt-to-Equity : 0.22 (As of Dec. 2023)

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What is Pan Asia Footwear PCL Debt-to-Equity?

Pan Asia Footwear PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿41 Mil. Pan Asia Footwear PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿94 Mil. Pan Asia Footwear PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿606 Mil. Pan Asia Footwear PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Pan Asia Footwear PCL's Debt-to-Equity or its related term are showing as below:

BKK:PAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.25 Max: 5.38
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Pan Asia Footwear PCL was 5.38. The lowest was 0.15. And the median was 0.25.

BKK:PAF's Debt-to-Equity is ranked better than
68.99% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BKK:PAF: 0.22

Pan Asia Footwear PCL Debt-to-Equity Historical Data

The historical data trend for Pan Asia Footwear 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.

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Pan Asia Footwear PCL Debt-to-Equity Chart

Pan Asia Footwear PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.18

0.17

0.21

0.22

Pan Asia Footwear 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															0.21	0.27	0.34	0.32	0.22

Competitive Comparison of Pan Asia Footwear PCL's Debt-to-Equity

For the Footwear & Accessories subindustry, Pan Asia Footwear 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.

Pan Asia Footwear PCL's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pan Asia Footwear PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pan Asia Footwear PCL's Debt-to-Equity falls into.

Pan Asia Footwear PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pan Asia Footwear 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
	=	(41.141	+	94.117)	/	605.765
	=	0.22

Pan Asia Footwear 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
	=	(41.141	+	94.117)	/	605.765
	=	0.22

Pan Asia Footwear PCL (BKK:PAF) 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.

Pan Asia Footwear PCL Debt-to-Equity Related Terms

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

Pan Asia Footwear PCL (BKK:PAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pan Asia Footwear PCL (BKK:PAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

620/5 Moo 11, Tambol Nongkharm, Aumphur Siracha, Chonburi, THA, 20230

Website

http://www.panasiafootwear.com

Pan Asia Footwear PCL is a Thailand-based company that operates in footwear and related accessories segments. The business activity of the group includes manufacturing, distribution, and exporting footwear products. Its segments are Manufacture and distribution of footwear and bag; Manufacture of soles and parts for footwear; Production support business; and Organic farming business and others. Geographically the activities of the group function through the region of Thailand. It derives a majority of the revenue from the manufacture and distribution of footwear and bag.