Thai Nondestructive Testing PCL (BKK:TNDT) Debt-to-Equity : 3.62 (As of Mar. 2024)

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What is Thai Nondestructive Testing PCL Debt-to-Equity?

Thai Nondestructive Testing PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿232.8 Mil. Thai Nondestructive Testing PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿200.7 Mil. Thai Nondestructive Testing PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿119.8 Mil. Thai Nondestructive Testing PCL's debt to equity for the quarter that ended in Mar. 2024 was 3.62.

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 Thai Nondestructive Testing PCL's Debt-to-Equity or its related term are showing as below:

BKK:TNDT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.85 Max: 3.62
Current: 3.62

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Nondestructive Testing PCL was 3.62. The lowest was 0.02. And the median was 0.85.

BKK:TNDT's Debt-to-Equity is ranked worse than
96.38% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs BKK:TNDT: 3.62

Thai Nondestructive Testing PCL Debt-to-Equity Historical Data

The historical data trend for Thai Nondestructive Testing 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.

Thai Nondestructive Testing PCL Debt-to-Equity Chart

Thai Nondestructive Testing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

0.91

0.89

0.96

3.52

Thai Nondestructive Testing 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															0.89	0.89	0.86	3.52	3.62

Competitive Comparison of Thai Nondestructive Testing PCL's Debt-to-Equity

For the Engineering & Construction subindustry, Thai Nondestructive Testing 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.

Thai Nondestructive Testing PCL's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Thai Nondestructive Testing PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thai Nondestructive Testing PCL's Debt-to-Equity falls into.

Thai Nondestructive Testing PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Nondestructive Testing 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
	=	(222.748	+	211.418)	/	123.482
	=	3.52

Thai Nondestructive Testing 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
	=	(232.767	+	200.724)	/	119.846
	=	3.62

Thai Nondestructive Testing PCL (BKK:TNDT) 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.

Thai Nondestructive Testing PCL Debt-to-Equity Related Terms

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Thai Nondestructive Testing PCL (BKK:TNDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thai Nondestructive Testing PCL (BKK:TNDT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ramkamhaeng Road, 19 Soi Ramkamhaeng 60 Intersection 8 (Suanson 8), Huamark, Bangkapi, Bangkok, THA, 10240

Website

https://www.tndt.co.th

Thai Nondestructive Testing PCL engages in providing technical services and operates engineering inspection and testing through non-destructive techniques. It operates in the segments of Non-Destructive Testing Services and Inspection Services for Pressure Vessel and Solar PV Rooftop. Its Non-Destructive Testing Services segment which earns majority revenue provides conventional and advanced testing services, which are applied to pressure vessels, heat exchangers, boilers, piping and structures in the fields of oil refineries, power plants, petrochemical plants, ship buildings, offshore, bridges and building constructions, and other heavy industries.

Thai Nondestructive Testing PCL (BKK:TNDT) Headlines

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