Gulf Energy Development PCL (BKK:GULF) Debt-to-Equity : 2.44 (As of Dec. 2023)

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What is Gulf Energy Development PCL Debt-to-Equity?

Gulf Energy Development PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿42,678 Mil. Gulf Energy Development PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿242,171 Mil. Gulf Energy Development PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿116,585 Mil. Gulf Energy Development PCL's debt to equity for the quarter that ended in Dec. 2023 was 2.44.

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 Gulf Energy Development PCL's Debt-to-Equity or its related term are showing as below:

BKK:GULF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.65 Med: 2.25 Max: 22.14
Current: 2.44

During the past 10 years, the highest Debt-to-Equity Ratio of Gulf Energy Development PCL was 22.14. The lowest was 1.65. And the median was 2.25.

BKK:GULF's Debt-to-Equity is ranked worse than
84.02% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.845 vs BKK:GULF: 2.44

Gulf Energy Development PCL Debt-to-Equity Historical Data

The historical data trend for Gulf Energy Development 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.

Gulf Energy Development PCL Debt-to-Equity Chart

Gulf Energy Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.01

2.21

2.31

2.26

2.44

Gulf Energy Development 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															2.26	2.43	2.50	2.53	2.44

Competitive Comparison of Gulf Energy Development PCL's Debt-to-Equity

For the Utilities - Renewable subindustry, Gulf Energy Development 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.

Gulf Energy Development PCL's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Energy Development PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gulf Energy Development PCL's Debt-to-Equity falls into.

Gulf Energy Development PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gulf Energy Development 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
	=	(42678.132	+	242171.333)	/	116584.982
	=	2.44

Gulf Energy Development 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
	=	(42678.132	+	242171.333)	/	116584.982
	=	2.44

Gulf Energy Development PCL (BKK:GULF) 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.

Gulf Energy Development PCL Debt-to-Equity Related Terms

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Gulf Energy Development PCL (BKK:GULF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Gulf Energy Development PCL (BKK:GULF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

GULF-F:Thailand

Address

Wireless Road, All Seasons Place, 87 M.Thai Tower 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.gulf.co.th

Gulf Energy Development PCL is a Thailand based business, that engages in electricity-generating business. The principal operation of the group is to generate and sell electricity, steam and cold water storing and converting natural gas from liquid to gas, provide satellite services and, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. It operates through the following segments: The power segment, the Infrastructure segment, Satellite business segment, and Consulting segment. Geographically the company caters its services to both domestic and international markets.