Thanachart Capital PCL (BKK:TCAP) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Thanachart Capital PCL Debt-to-Equity?

Thanachart Capital PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿0 Mil. Thanachart Capital PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿65,108 Mil. Thanachart Capital PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿70,191 Mil. Thanachart Capital PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

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

BKK:TCAP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.92 Max: 1.92
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Thanachart Capital PCL was 1.92. The lowest was 0.75. And the median was 0.92.

BKK:TCAP's Debt-to-Equity is ranked worse than
86.73% of 309 companies
in the Diversified Financial Services industry
Industry Median: 0.12 vs BKK:TCAP: 0.93

Thanachart Capital PCL Debt-to-Equity Historical Data

The historical data trend for Thanachart Capital 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.

Thanachart Capital PCL Debt-to-Equity Chart

Thanachart Capital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

0.75

0.78

0.97

0.93

Thanachart Capital 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															0.97	0.95	0.98	0.97	0.93

Competitive Comparison of Thanachart Capital PCL's Debt-to-Equity

For the Financial Conglomerates subindustry, Thanachart Capital 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.

Thanachart Capital PCL's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Thanachart Capital PCL's Debt-to-Equity distribution charts can be found below:

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

Thanachart Capital PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thanachart Capital 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
	=	(0	+	65108)	/	70191.491
	=	0.93

Thanachart Capital 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
	=	(0	+	65108)	/	70191.491
	=	0.93

Thanachart Capital PCL (BKK:TCAP) 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.

Thanachart Capital PCL Debt-to-Equity Related Terms

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

Thanachart Capital PCL (BKK:TCAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Thanachart Capital PCL (BKK:TCAP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NFPH:Germany

Address

Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330

Website

https://www.thanachart.co.th

Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, the company offers banking products such as deposits and credit cards; personal, housing, business and corporate loans; funds transfer and Western Union services; and transaction accounts. Thanachart Capital provides securities services such as brokerage, proprietary trading, security borrowing, and lending and investment advisory services. In addition to banking and securities services, the company provides life insurance, health protection, and general insurance products to individuals, institutions, and organizations. The company derives almost all of its revenue domestically.

Thanachart Capital PCL (BKK:TCAP) Headlines

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