Thai Rubber Latex Group PCL (BKK:TRUBB) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is Thai Rubber Latex Group PCL Debt-to-Equity?

Thai Rubber Latex Group PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿3,507 Mil. Thai Rubber Latex Group PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿714 Mil. Thai Rubber Latex Group PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,979 Mil. Thai Rubber Latex Group PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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 Rubber Latex Group PCL's Debt-to-Equity or its related term are showing as below:

BKK:TRUBB' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.02 Med: 2.22 Max: 4.11
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Rubber Latex Group PCL was 4.11. The lowest was 1.02. And the median was 2.22.

BKK:TRUBB's Debt-to-Equity is ranked worse than
91.75% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs BKK:TRUBB: 1.42

Thai Rubber Latex Group PCL Debt-to-Equity Historical Data

The historical data trend for Thai Rubber Latex Group 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 Rubber Latex Group PCL Debt-to-Equity Chart

Thai Rubber Latex Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.61

2.15

1.15

1.07

1.38

Thai Rubber Latex Group 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															1.10	1.09	1.21	1.38	1.42

Competitive Comparison of Thai Rubber Latex Group PCL's Debt-to-Equity

For the Specialty Chemicals subindustry, Thai Rubber Latex Group 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 Rubber Latex Group PCL's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thai Rubber Latex Group PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thai Rubber Latex Group PCL's Debt-to-Equity falls into.

Thai Rubber Latex Group PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Rubber Latex Group 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
	=	(3569.498	+	617.177)	/	3034.535
	=	1.38

Thai Rubber Latex Group 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
	=	(3506.847	+	713.93)	/	2979.429
	=	1.42

Thai Rubber Latex Group PCL (BKK:TRUBB) 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 Rubber Latex Group PCL Debt-to-Equity Related Terms

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

Thai Rubber Latex Group PCL (BKK:TRUBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Rubber Latex Group PCL (BKK:TRUBB) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Number 99/1-3 Moo 13, Bangna-Trad Road, K.M. 7, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540

Website

https://www.thaitex.com

Thai Rubber Latex Group PCL is a Thailand based company engaged in the comprehensive rubber businesses covering the whole value chain of rubber and latex products, which are the rubber plantation in Thailand, the producer of latex concentrate and latex rubber, latex rubber thread, latex foam mattress and rubber gloves. The company operates in Concentrated and pre-vulcanized latex; Latex products; and Rubber plantation segments. It has a geographic presence in Thailand, the PRC, the Republic of Korea and other countries of which key revenue is derived from Thailand.

Thai Rubber Latex Group PCL (BKK:TRUBB) Headlines

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