Sino Logistics PCL (BKK:SINO) Debt-to-Equity : 0.25 (As of Mar. 2024)

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What is Sino Logistics PCL Debt-to-Equity?

Sino Logistics PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿85 Mil. Sino Logistics PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿130 Mil. Sino Logistics PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿867 Mil. Sino Logistics PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.25.

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

BKK:SINO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 0.48
Current: 0.25

During the past 3 years, the highest Debt-to-Equity Ratio of Sino Logistics PCL was 0.48. The lowest was 0.17. And the median was 0.28.

BKK:SINO's Debt-to-Equity is ranked better than
72.82% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs BKK:SINO: 0.25

Sino Logistics PCL Debt-to-Equity Historical Data

The historical data trend for Sino 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.

Sino Logistics PCL Debt-to-Equity Chart

Sino Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.35

0.17

0.26

Sino Logistics PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				N/A	0.48	0.30	0.26	0.25

Competitive Comparison of Sino Logistics PCL's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Sino 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.

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

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

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

Sino Logistics PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sino 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
	=	(84.562	+	140.072)	/	862.134
	=	0.26

Sino Logistics 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
	=	(84.922	+	130.465)	/	867.472
	=	0.25

Sino Logistics PCL (BKK:SINO) 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.

Sino Logistics PCL Debt-to-Equity Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sino Logistics Corp PCL (BKK:SINO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.sinologistics.co.th

Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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