Taokaenoi Food & Marketing PCL (BKK:TKN) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Taokaenoi Food & Marketing PCL Debt-to-Equity?

Taokaenoi Food & Marketing PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿85 Mil. Taokaenoi Food & Marketing PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿133 Mil. Taokaenoi Food & Marketing PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,527 Mil. Taokaenoi Food & Marketing PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Taokaenoi Food & Marketing PCL's Debt-to-Equity or its related term are showing as below:

BKK:TKN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.3 Max: 1.19
Current: 0.1

During the past 10 years, the highest Debt-to-Equity Ratio of Taokaenoi Food & Marketing PCL was 1.19. The lowest was 0.07. And the median was 0.30.

BKK:TKN's Debt-to-Equity is ranked better than
81.11% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BKK:TKN: 0.10

Taokaenoi Food & Marketing PCL Debt-to-Equity Historical Data

The historical data trend for Taokaenoi Food & Marketing 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.

Taokaenoi Food & Marketing PCL Debt-to-Equity Chart

Taokaenoi Food & Marketing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.39

0.38

0.20

0.10

Taokaenoi Food & Marketing 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															0.12	0.13	0.11	0.10	0.09

Competitive Comparison of Taokaenoi Food & Marketing PCL's Debt-to-Equity

For the Packaged Foods subindustry, Taokaenoi Food & Marketing 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.

Taokaenoi Food & Marketing PCL's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Taokaenoi Food & Marketing PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Taokaenoi Food & Marketing PCL's Debt-to-Equity falls into.

Taokaenoi Food & Marketing PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taokaenoi Food & Marketing 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
	=	(84.206	+	138.372)	/	2230.444
	=	0.10

Taokaenoi Food & Marketing 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
	=	(84.667	+	132.552)	/	2526.502
	=	0.09

Taokaenoi Food & Marketing PCL (BKK:TKN) 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.

Taokaenoi Food & Marketing PCL Debt-to-Equity Related Terms

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

Taokaenoi Food & Marketing PCL (BKK:TKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Taokaenoi Food & Marketing PCL (BKK:TKN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

337 Bond Street, Bangphut Pak kret, Nonthaburi, THA, 11120

Website

https://www.taokaenoi.co.th

Taokaenoi Food & Marketing PCL specializes in the production of seaweed snacks in Thailand. The company is principally engaged in the manufacture and distribution of fried, grilled, and baked seaweed and seaweed snacks. The company's operations are divided into three segments: Snack, Retailer, and Others. Snacks segment represents the manufacture and distribution of fried, grilled, and baked seaweed and seaweed snacks in both domestic and overseas markets. The retailer segment represents a retailer of snacks, food and beverage and franchises. Geographically, the business activities are carried out across Thailand.

Taokaenoi Food & Marketing PCL (BKK:TKN) Headlines

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