Star Money PCL (BKK:SM) Debt-to-Equity : 1.49 (As of Mar. 2024)

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What is Star Money PCL Debt-to-Equity?

Star Money PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,419 Mil. Star Money PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿286 Mil. Star Money PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿1,147 Mil. Star Money PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.49.

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

BKK:SM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 1.49 Max: 4.03
Current: 1.49

During the past 4 years, the highest Debt-to-Equity Ratio of Star Money PCL was 4.03. The lowest was 1.35. And the median was 1.49.

BKK:SM's Debt-to-Equity is ranked worse than
56.02% of 432 companies
in the Credit Services industry
Industry Median: 1.13 vs BKK:SM: 1.49

Star Money PCL Debt-to-Equity Historical Data

The historical data trend for Star Money 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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Star Money PCL Debt-to-Equity Chart

Star Money PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.59

3.17

1.76

1.49

Star Money PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							1.35	1.36	1.37	1.49	1.49

Competitive Comparison of Star Money PCL's Debt-to-Equity

For the Credit Services subindustry, Star Money 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.

Star Money PCL's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Star Money PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Star Money 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
	=	(1411.28	+	273.253)	/	1127.627
	=	1.49

Star Money 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
	=	(1418.867	+	286.404)	/	1147.1
	=	1.49

Star Money PCL (BKK:SM) 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.

Star Money PCL Debt-to-Equity Related Terms

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

Star Money PCL (BKK:SM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Star Money PCL (BKK:SM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

204/1-8 Sukhumwit Road, Thang Kwian Sub district, Klaeng District, Rayong, THA, 21110

Website

https://www.starmoney.co.th

Star Money PCL is an electrical appliance distributor of all sizes and a credit provider with mortgage securities in various types: a loan for a car, motorcycle, bus, truck, and agricultural vehicle and a home loan or land loan. it has four reportable segments as follows: Sales, Hire purchase, Lending business, and Others. The majority of its revenue is derived from the Sales segment.