Thai Nam Plastic PCL (BKK:TNPC) Debt-to-Equity : 0.58 (As of Mar. 2024)

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What is Thai Nam Plastic PCL Debt-to-Equity?

Thai Nam Plastic PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿268 Mil. Thai Nam Plastic PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿131 Mil. Thai Nam Plastic PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿690 Mil. Thai Nam Plastic PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.58.

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

BKK:TNPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.53 Max: 0.78
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Nam Plastic PCL was 0.78. The lowest was 0.36. And the median was 0.53.

BKK:TNPC's Debt-to-Equity is ranked worse than
57.67% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BKK:TNPC: 0.58

Thai Nam Plastic PCL Debt-to-Equity Historical Data

The historical data trend for Thai Nam Plastic 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 Nam Plastic PCL Debt-to-Equity Chart

Thai Nam Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.55

0.56

0.78

0.68

Thai Nam Plastic 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															0.75	0.76	0.77	0.68	0.58

Competitive Comparison of Thai Nam Plastic PCL's Debt-to-Equity

For the Auto Parts subindustry, Thai Nam Plastic 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 Nam Plastic PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Nam Plastic PCL's Debt-to-Equity distribution charts can be found below:

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

Thai Nam Plastic PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Nam Plastic 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
	=	(219.513	+	148.49)	/	540.099
	=	0.68

Thai Nam Plastic 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
	=	(267.88	+	131.052)	/	689.641
	=	0.58

Thai Nam Plastic PCL (BKK:TNPC) 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 Nam Plastic PCL Debt-to-Equity Related Terms

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

Thai Nam Plastic PCL (BKK:TNPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Nam Plastic PCL (BKK:TNPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Moo 7, Petchakasem Road, KM.23, Omnoi, Kratumban, Samutsakorn, THA, 74130

Website

https://www.thainam.com

Thai Nam Plastic PCL engages in the production and distribution of flexible plastic, synthetic leather, and car mat. The company produces both Polyvinyl chloride (PVC) and Non-PVC plastic products, such as Solid sheets and Synthetic leather used for making automotive interior parts, Sports shoes, Furniture, and Stationery. It operates through the Manufacturing of Plastic Parts of Automobile Industry Group and Other segments. The Manufacturing of Plastic Parts of Automobile Industry Group segment, which accounts for the majority of revenue, manufactures artificial leather and automobile rubber flooring. The Other segment produces various types of plastics both soft and rigid, rolls and plate. The group has a business presence in Thailand and other countries.

Thai Nam Plastic PCL (BKK:TNPC) Headlines

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