Asia Plus Group Holdings PCL (BKK:ASP-F) Debt-to-Equity : 1.51 (As of Dec. 2023)

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What is Asia Plus Group Holdings PCL Debt-to-Equity?

Asia Plus Group Holdings PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿6,140 Mil. Asia Plus Group Holdings PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿1,248 Mil. Asia Plus Group Holdings PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿4,893 Mil. Asia Plus Group Holdings PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.51.

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

BKK:ASP-F' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.48 Max: 1.68
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Plus Group Holdings PCL was 1.68. The lowest was 0.12. And the median was 0.48.

BKK:ASP-F's Debt-to-Equity is ranked worse than
83.03% of 607 companies
in the Capital Markets industry
Industry Median: 0.38 vs BKK:ASP-F: 1.51

Asia Plus Group Holdings PCL Debt-to-Equity Historical Data

The historical data trend for Asia Plus 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.

Asia Plus Group Holdings PCL Debt-to-Equity Chart

Asia Plus Group Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.43

1.51

1.68

1.51

Asia Plus 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															1.68	1.71	1.82	2.04	1.51

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

For the Capital Markets subindustry, Asia Plus 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.

Asia Plus Group Holdings PCL's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Asia Plus Group Holdings PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Plus 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
	=	(6139.747	+	1248.215)	/	4892.892
	=	1.51

Asia Plus 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
	=	(6139.747	+	1248.215)	/	4892.892
	=	1.51

Asia Plus Group Holdings PCL (BKK:ASP-F) 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.

Asia Plus Group Holdings PCL Debt-to-Equity Related Terms

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

Asia Plus Group Holdings PCL (BKK:ASP-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asia Plus Group Holdings PCL (BKK:ASP-F) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASP:Thailand

Address

South Sathorn Road, No. 175, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.asiaplusgroup.co.th

Asia Plus Group Holdings PCL is a Thailand based company engaged in the securities business. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund management, Investment trading and others.

Asia Plus Group Holdings PCL (BKK:ASP-F) Headlines

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