Starflex PCL (BKK:SFLEX) Debt-to-Equity : 0.69 (As of Mar. 2024)

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What is Starflex PCL Debt-to-Equity?

Starflex PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿526 Mil. Starflex PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿204 Mil. Starflex PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿1,058 Mil. Starflex PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.69.

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

BKK:SFLEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.28 Max: 0.69
Current: 0.69

During the past 8 years, the highest Debt-to-Equity Ratio of Starflex PCL was 0.69. The lowest was 0.07. And the median was 0.28.

BKK:SFLEX's Debt-to-Equity is ranked worse than
64.94% of 348 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BKK:SFLEX: 0.69

Starflex PCL Debt-to-Equity Historical Data

The historical data trend for Starflex 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.

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Starflex PCL Debt-to-Equity Chart

Starflex PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.09

0.21

0.29

0.65

Starflex 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															0.32	0.29	0.29	0.65	0.69

Competitive Comparison of Starflex PCL's Debt-to-Equity

For the Packaging & Containers subindustry, Starflex 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.

Starflex PCL's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's Debt-to-Equity distribution charts can be found below:

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

Starflex PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Starflex 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
	=	(480.14	+	168.117)	/	1000.509
	=	0.65

Starflex 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
	=	(526.312	+	203.949)	/	1057.832
	=	0.69

Starflex PCL (BKK:SFLEX) 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.

Starflex PCL Debt-to-Equity Related Terms

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

Starflex PCL (BKK:SFLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Starflex PCL (BKK:SFLEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560

Website

https://www.starflex.co.th

Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.

Starflex PCL (BKK:SFLEX) Headlines

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