Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Shun Thai Rubber Gloves Industry PCL Debt-to-Equity?

Shun Thai Rubber Gloves Industry PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿7.6 Mil. Shun Thai Rubber Gloves Industry PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0.0 Mil. Shun Thai Rubber Gloves Industry PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿993.3 Mil. Shun Thai Rubber Gloves Industry PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Shun Thai Rubber Gloves Industry PCL's Debt-to-Equity or its related term are showing as below:

BKK:STHAI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.47 Med: 0.01 Max: 6.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Shun Thai Rubber Gloves Industry PCL was 6.07. The lowest was -2.47. And the median was 0.01.

BKK:STHAI's Debt-to-Equity is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.215 vs BKK:STHAI: 0.01

Shun Thai Rubber Gloves Industry PCL Debt-to-Equity Historical Data

The historical data trend for Shun Thai Rubber Gloves Industry 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.

Shun Thai Rubber Gloves Industry PCL Debt-to-Equity Chart

Shun Thai Rubber Gloves Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Shun Thai Rubber Gloves Industry 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Shun Thai Rubber Gloves Industry PCL's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Shun Thai Rubber Gloves Industry 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.

Shun Thai Rubber Gloves Industry PCL's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shun Thai Rubber Gloves Industry PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shun Thai Rubber Gloves Industry PCL's Debt-to-Equity falls into.

Shun Thai Rubber Gloves Industry PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shun Thai Rubber Gloves Industry 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
	=	(7.779	+	0)	/	1009.264
	=	0.01

Shun Thai Rubber Gloves Industry 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
	=	(7.628	+	0)	/	993.256
	=	0.01

Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) 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.

Shun Thai Rubber Gloves Industry PCL Debt-to-Equity Related Terms

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Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1, Promphan Tower 2, Room Number 608, 6th Floor, Soi Lat Phrao 3, Chom Phon, Chatuchak, Bangkok, THA, 10900

Website

https://www.shunthaiglove.com

Shun Thai Rubber Gloves Industry PCL is engaged in the production and distribution of rubber gloves. It manufactures Natural Rubber and Nitrile Butadiene Rubber gloves for applications in both medical and general purpose markets. The company offers powder latex examination gloves, powder free latex examination gloves, latex surgical gloves, clean room gloves, and food processing and general purposed gloves.

Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Headlines

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