Tropical Canning (Thailand) PCL (BKK:TC) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Tropical Canning (Thailand) PCL Debt-to-Equity?

Tropical Canning (Thailand) PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿283 Mil. Tropical Canning (Thailand) PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿145 Mil. Tropical Canning (Thailand) PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,465 Mil. Tropical Canning (Thailand) PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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

BKK:TC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.3
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Tropical Canning (Thailand) PCL was 0.30. The lowest was 0.01. And the median was 0.10.

BKK:TC's Debt-to-Equity is ranked better than
70.67% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BKK:TC: 0.17

Tropical Canning (Thailand) PCL Debt-to-Equity Historical Data

The historical data trend for Tropical Canning (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.

Tropical Canning (Thailand) PCL Debt-to-Equity Chart

Tropical Canning (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.02

0.05

0.10

Tropical Canning (Thailand) 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															0.04	0.05	0.07	0.10	0.17

Competitive Comparison of Tropical Canning (Thailand) PCL's Debt-to-Equity

For the Packaged Foods subindustry, Tropical Canning (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.

Tropical Canning (Thailand) PCL's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's Debt-to-Equity distribution charts can be found below:

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

Tropical Canning (Thailand) PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tropical Canning (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
	=	(168.882	+	72.12)	/	2390.866
	=	0.10

Tropical Canning (Thailand) 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
	=	(282.657	+	144.73)	/	2464.752
	=	0.17

Tropical Canning (Thailand) PCL (BKK:TC) 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.

Tropical Canning (Thailand) PCL Debt-to-Equity Related Terms

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Tropical Canning (Thailand) PCL (BKK:TC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tropical Canning (Thailand) PCL (BKK:TC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/1 Moo 2, Karnjanavanich Road, P.O. Box 44, Thungyai, Hatyai, Songkhla, THA, 90110

Website

https://www.tropical.co.th

Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. The product portfolio includes Regular tuna products, Canned shellfish products, Ready-to-eat products, and Petfood cans. It has a business presence in the African continent, the European continent, the Asian continent and the American continent, among others.