Thai Steel Cable PCL (BKK:TSC) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Thai Steel Cable PCL Debt-to-Equity?

Thai Steel Cable PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1 Mil. Thai Steel Cable PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿2 Mil. Thai Steel Cable PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿1,524 Mil. Thai Steel Cable PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Steel Cable PCL's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Steel Cable PCL was 0.44. The lowest was 0.00. And the median was 0.07.

BKK:TSC's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Thai Steel Cable PCL Debt-to-Equity Historical Data

The historical data trend for Thai Steel Cable 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 Steel Cable PCL Debt-to-Equity Chart

Thai Steel Cable PCL Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.06

0.07

Thai Steel Cable 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															-	-	-	-	-

Competitive Comparison of Thai Steel Cable PCL's Debt-to-Equity

For the Auto Parts subindustry, Thai Steel Cable 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 Steel Cable PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's Debt-to-Equity distribution charts can be found below:

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

Thai Steel Cable PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Steel Cable PCL's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.492	+	1.687)	/	1559.19
	=	0.00

Thai Steel Cable 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
	=	(1.477	+	2.018)	/	1523.892
	=	0.00

Thai Steel Cable PCL (BKK:TSC) 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 Steel Cable PCL Debt-to-Equity Related Terms

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Thai Steel Cable PCL (BKK:TSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Steel Cable PCL (BKK:TSC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700/737, Moo. 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160

Website

https://www.tscpcl.com

Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.