Thantawan Industry PCL (BKK:THIP) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Thantawan Industry PCL Debt-to-Equity?

Thantawan Industry PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿17 Mil. Thantawan Industry PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿17 Mil. Thantawan Industry PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿2,643 Mil. Thantawan Industry PCL's debt to equity for the quarter that ended in Dec. 2023 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 Thantawan Industry PCL's Debt-to-Equity or its related term are showing as below:

BKK:THIP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Thantawan Industry PCL was 0.03. The lowest was 0.00. And the median was 0.01.

BKK:THIP's Debt-to-Equity is ranked better than
99.71% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BKK:THIP: 0.01

Thantawan Industry PCL Debt-to-Equity Historical Data

The historical data trend for Thantawan 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.

Thantawan Industry PCL Debt-to-Equity Chart

Thantawan Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.01

Thantawan Industry 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															0.02	0.02	0.02	0.02	0.01

Competitive Comparison of Thantawan Industry PCL's Debt-to-Equity

For the Packaging & Containers subindustry, Thantawan 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.

Thantawan Industry PCL's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Debt-to-Equity distribution charts can be found below:

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

Thantawan Industry PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thantawan 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
	=	(16.512	+	17.323)	/	2643.29
	=	0.01

Thantawan Industry 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
	=	(16.512	+	17.323)	/	2643.29
	=	0.01

Thantawan Industry PCL (BKK:THIP) 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.

Thantawan Industry PCL Debt-to-Equity Related Terms

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

Thantawan Industry PCL (BKK:THIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thantawan Industry PCL (BKK:THIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160

Website

https://www.thantawan.com

Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The company's product portfolio includes reclosable bags, drinking straws, general bags and gloves, active breathable packaging, biodegradable products, zipper attached packaging, and sundry products. It has a presence in Europe, Thailand, Australia and New Zealand, Asia, America, and other countries.

Thantawan Industry PCL (BKK:THIP) Headlines

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