Thai Group Holdings PCL (BKK:TGH) Debt-to-Equity : 2.33 (As of Dec. 2023)

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What is Thai Group Holdings PCL Debt-to-Equity?

Thai Group Holdings PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿15,515 Mil. Thai Group Holdings PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿4,570 Mil. Thai Group Holdings PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿8,614 Mil. Thai Group Holdings PCL's debt to equity for the quarter that ended in Dec. 2023 was 2.33.

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

BKK:TGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.43 Max: 2.33
Current: 2.33

During the past 6 years, the highest Debt-to-Equity Ratio of Thai Group Holdings PCL was 2.33. The lowest was 1.09. And the median was 1.43.

BKK:TGH's Debt-to-Equity is ranked worse than
97.14% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs BKK:TGH: 2.33

Thai Group Holdings PCL Debt-to-Equity Historical Data

The historical data trend for Thai Group Holdings 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.

Thai Group Holdings PCL Debt-to-Equity Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.09

1.25

1.61

1.98

2.33

Thai Group Holdings 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															1.98	1.93	2.09	2.45	2.33

Competitive Comparison of Thai Group Holdings PCL's Debt-to-Equity

For the Insurance - Diversified subindustry, Thai Group Holdings 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.

Thai Group Holdings PCL's Debt-to-Equity Distribution in the Insurance Industry

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

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

Thai Group Holdings PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Group Holdings 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
	=	(15514.78	+	4570.132)	/	8613.626
	=	2.33

Thai Group Holdings 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
	=	(15514.78	+	4570.132)	/	8613.626
	=	2.33

Thai Group Holdings PCL (BKK:TGH) 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.

Thai Group Holdings PCL Debt-to-Equity Related Terms

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

Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.