Minor International PCL (BKK:MINT) Debt-to-Equity : 2.58 (As of Dec. 2023)

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What is Minor International PCL Debt-to-Equity?

Minor International PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿30,824 Mil. Minor International PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿166,651 Mil. Minor International PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿76,637 Mil. Minor International PCL's debt to equity for the quarter that ended in Dec. 2023 was 2.58.

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

BKK:MINT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.06 Med: 1.64 Max: 3.45
Current: 2.58

During the past 13 years, the highest Debt-to-Equity Ratio of Minor International PCL was 3.45. The lowest was 1.06. And the median was 1.64.

BKK:MINT's Debt-to-Equity is ranked worse than
86.5% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs BKK:MINT: 2.58

Minor International PCL Debt-to-Equity Historical Data

The historical data trend for Minor International 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.

Minor International PCL Debt-to-Equity Chart

Minor International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.49

3.45

3.32

2.94

2.58

Minor International 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															2.94	2.47	2.76	2.65	2.58

Competitive Comparison of Minor International PCL's Debt-to-Equity

For the Lodging subindustry, Minor International 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.

Minor International PCL's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Minor International PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Minor International PCL's Debt-to-Equity falls into.

Minor International PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minor International 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
	=	(30823.532	+	166651.092)	/	76637.216
	=	2.58

Minor International 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
	=	(30823.532	+	166651.092)	/	76637.216
	=	2.58

Minor International PCL (BKK:MINT) 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.

Minor International PCL Debt-to-Equity Related Terms

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Minor International PCL (BKK:MINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minor International PCL (BKK:MINT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MINT-F:Thailand 8MI:Germany

Address

Ratchadaphisek Road, 12th Floor, 88 The Parq Building, Klongtoey Subdistrict, Klongtoey District, Bangkok, THA, 10110

Website

https://www.minor.com

Minor International PCL operates hotels, restaurants, and several smaller businesses. The company operates in four segments: Hotel, with properties in Europe, Thailand, and Latin America; Restaurant, with locations primarily in Thailand, China, and Australia; Retail, which offers a wide range of high-end clothing and consumer products through stores and e-commerce in Thailand; and Mixed-Use. Most of its revenue comes from European hotels. A sizable portion of sales also comes from the restaurant segment in Thailand.