ASN Broker PCL (BKK:ASN) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is ASN Broker PCL Debt-to-Equity?

ASN Broker PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿204.5 Mil. ASN Broker PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0.8 Mil. ASN Broker PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿294.8 Mil. ASN Broker PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.70.

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

BKK:ASN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.7 Max: 0.71
Current: 0.7

During the past 9 years, the highest Debt-to-Equity Ratio of ASN Broker PCL was 0.71. The lowest was 0.08. And the median was 0.70.

BKK:ASN's Debt-to-Equity is ranked worse than
82.6% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs BKK:ASN: 0.70

ASN Broker PCL Debt-to-Equity Historical Data

The historical data trend for ASN Broker 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.

ASN Broker PCL Debt-to-Equity Chart

ASN Broker PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.71

0.70

ASN Broker 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															0.70	0.71	0.71	0.70	0.70

Competitive Comparison of ASN Broker PCL's Debt-to-Equity

For the Insurance Brokers subindustry, ASN Broker 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.

ASN Broker PCL's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ASN Broker PCL's Debt-to-Equity distribution charts can be found below:

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

ASN Broker PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASN Broker 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
	=	(204.374	+	1.836)	/	293.833
	=	0.70

ASN Broker 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
	=	(204.455	+	0.817)	/	294.762
	=	0.70

ASN Broker PCL (BKK:ASN) 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.

ASN Broker PCL Debt-to-Equity Related Terms

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

ASN Broker PCL (BKK:ASN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ASN Broker PCL (BKK:ASN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phaholyothin Road, 388 IBM Tower, 16th Floor, Zone B, Samsennai, Phayathai, Bangkok, THA, 10400

Website

https://www.asnbroker.co.th

ASN Broker PCL is a Thailand-based company engaged in providing loans and non-life insurance broker activity. The company operates in the segments of Insurance broker; Loan and Peer-to-peer Lending. The company derives key revenue from the insurance broker segment which provides non-life insurance broker and life insurance broker services. The loan segment provides lending services through the peer-to-peer lending platform and personal loans. The group operates in Thailand only.

ASN Broker PCL (BKK:ASN) Headlines

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