Sanko Diecasting (Thailand) PCL (BKK:SANKO) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is Sanko Diecasting (Thailand) PCL Debt-to-Equity?

Sanko Diecasting (Thailand) PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿86.8 Mil. Sanko Diecasting (Thailand) PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿44.3 Mil. Sanko Diecasting (Thailand) PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿256.4 Mil. Sanko Diecasting (Thailand) PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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 Sanko Diecasting (Thailand) PCL's Debt-to-Equity or its related term are showing as below:

BKK:SANKO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.57 Max: 0.99
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Sanko Diecasting (Thailand) PCL was 0.99. The lowest was 0.37. And the median was 0.57.

BKK:SANKO's Debt-to-Equity is ranked worse than
52.73% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BKK:SANKO: 0.51

Sanko Diecasting (Thailand) PCL Debt-to-Equity Historical Data

The historical data trend for Sanko Diecasting (Thailand) 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.

Sanko Diecasting (Thailand) PCL Debt-to-Equity Chart

Sanko Diecasting (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.84

0.99

0.79

0.51

Sanko Diecasting (Thailand) 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															0.79	0.70	0.79	0.72	0.51

Competitive Comparison of Sanko Diecasting (Thailand) PCL's Debt-to-Equity

For the Auto Parts subindustry, Sanko Diecasting (Thailand) 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.

Sanko Diecasting (Thailand) PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sanko Diecasting (Thailand) PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sanko Diecasting (Thailand) PCL's Debt-to-Equity falls into.

Sanko Diecasting (Thailand) PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanko Diecasting (Thailand) 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
	=	(86.784	+	44.339)	/	256.385
	=	0.51

Sanko Diecasting (Thailand) 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
	=	(86.784	+	44.339)	/	256.385
	=	0.51

Sanko Diecasting (Thailand) PCL (BKK:SANKO) 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.

Sanko Diecasting (Thailand) PCL Debt-to-Equity Related Terms

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

Sanko Diecasting (Thailand) PCL (BKK:SANKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sanko Diecasting (Thailand) PCL (BKK:SANKO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/14 Moo. 2, Tambol Nongbua, Rojana Industrial Park Rayong, Amphur Bankhai, Rayong, THA, 21120

Website

http://www.sankothai.net

Sanko Diecasting (Thailand) PCL is involved in the manufacturing and distribution of steel products and steel parts. Its only operating segment being manufacturing and distribution of mold and aluminium parts. The company's product categories include automotive; motorcycles; electric; agricultural machinery and home decoration. Geographically, it operates only in Thailand. It derives a majority of revenue from aluminum parts.

Sanko Diecasting (Thailand) PCL (BKK:SANKO) Headlines

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