Tata Steel Thailand PCL (BKK:TSTH) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Tata Steel Thailand PCL Debt-to-Equity?

Tata Steel Thailand PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿35 Mil. Tata Steel Thailand PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿599 Mil. Tata Steel Thailand PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿12,631 Mil. Tata Steel Thailand PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

BKK:TSTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.43
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Tata Steel Thailand PCL was 0.43. The lowest was 0.05. And the median was 0.15.

BKK:TSTH's Debt-to-Equity is ranked better than
89.96% of 558 companies
in the Steel industry
Industry Median: 0.415 vs BKK:TSTH: 0.05

Tata Steel Thailand PCL Debt-to-Equity Historical Data

The historical data trend for Tata Steel Thailand 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.

Tata Steel Thailand PCL Debt-to-Equity Chart

Tata Steel Thailand PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.06

0.12

0.06

0.05

Tata Steel Thailand 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															0.05	0.05	0.05	0.05	0.05

Competitive Comparison of Tata Steel Thailand PCL's Debt-to-Equity

For the Steel subindustry, Tata Steel Thailand 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.

Tata Steel Thailand PCL's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tata Steel Thailand PCL's Debt-to-Equity distribution charts can be found below:

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

Tata Steel Thailand PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tata Steel Thailand PCL's Debt to Equity Ratio for the fiscal year 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
	=	(35.338	+	598.948)	/	12630.733
	=	0.05

Tata Steel Thailand 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
	=	(35.338	+	598.948)	/	12630.733
	=	0.05

Tata Steel Thailand PCL (BKK:TSTH) 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.

Tata Steel Thailand PCL Debt-to-Equity Related Terms

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

Tata Steel Thailand PCL (BKK:TSTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Thailand PCL (BKK:TSTH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MVX:Germany

Address

555 Phaholyothin Road, Rasa Tower 2, 20th Floor, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900

Website

https://www.tatasteelthailand.com

Tata Steel Thailand PCL is a Thailand-based holding company which is engaged in investing in other companies and providing management services. It is engaged in manufacturing, rendering manufacturing services, distributing and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment being the Manufacturing and distribution of long steel products. The product line of the company includes rebar, deformed bar, round bar, seismic bar, cut and bend bars, wire roads including high carbon wire rods and low carbon, special wire rods, and others.

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