Vanachai Group PCL (BKK:VNG) Debt-to-Equity : 1.24 (As of Dec. 2023)

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What is Vanachai Group PCL Debt-to-Equity?

Vanachai Group PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿3,827 Mil. Vanachai Group PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿5,146 Mil. Vanachai Group PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿7,249 Mil. Vanachai Group PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.24.

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

BKK:VNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 1.14 Max: 1.75
Current: 1.24

During the past 13 years, the highest Debt-to-Equity Ratio of Vanachai Group PCL was 1.75. The lowest was 0.51. And the median was 1.14.

BKK:VNG's Debt-to-Equity is ranked worse than
82.2% of 264 companies
in the Forest Products industry
Industry Median: 0.505 vs BKK:VNG: 1.24

Vanachai Group PCL Debt-to-Equity Historical Data

The historical data trend for Vanachai Group 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.

Vanachai Group PCL Debt-to-Equity Chart

Vanachai Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.50

1.75

1.40

1.37

1.24

Vanachai Group 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															1.37	1.40	1.38	1.39	1.24

Competitive Comparison of Vanachai Group PCL's Debt-to-Equity

For the Lumber & Wood Production subindustry, Vanachai Group 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.

Vanachai Group PCL's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Debt-to-Equity distribution charts can be found below:

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

Vanachai Group PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vanachai Group 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
	=	(3826.772	+	5146.008)	/	7248.613
	=	1.24

Vanachai Group 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
	=	(3826.772	+	5146.008)	/	7248.613
	=	1.24

Vanachai Group PCL (BKK:VNG) 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.

Vanachai Group PCL Debt-to-Equity Related Terms

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Vanachai Group PCL (BKK:VNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanachai Group PCL (BKK:VNG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok, THA, 10800

Website

https://www.vanachai.com

Vanachai Group PCL is a building materials company that manufactures and distributes wood-based products. The company's primary products include board panels, particle boards, and wood substitutes. The company creates wood-based goods such as particleboards, medium density fiberboards (MDF boards), Doorskin and melamine laminated particleboards, which are distributed to both domestic and international markets. Vanachai also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.