Bangkok Airways PCL (BKK:BA) Debt-to-Equity : 1.72 (As of Dec. 2023)

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What is Bangkok Airways PCL Debt-to-Equity?

Bangkok Airways PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿3,851 Mil. Bangkok Airways PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿25,293 Mil. Bangkok Airways PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿16,984 Mil. Bangkok Airways PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.72.

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

BKK:BA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.59 Max: 2.08
Current: 1.72

During the past 13 years, the highest Debt-to-Equity Ratio of Bangkok Airways PCL was 2.08. The lowest was 0.46. And the median was 0.59.

BKK:BA's Debt-to-Equity is ranked worse than
84.32% of 880 companies
in the Transportation industry
Industry Median: 0.55 vs BKK:BA: 1.72

Bangkok Airways PCL Debt-to-Equity Historical Data

The historical data trend for Bangkok Airways 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.

Bangkok Airways PCL Debt-to-Equity Chart

Bangkok Airways PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

1.09

2.08

1.98

1.72

Bangkok Airways 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	1.78	1.80	1.62	1.72

Competitive Comparison of Bangkok Airways PCL's Debt-to-Equity

For the Airlines subindustry, Bangkok Airways 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.

Bangkok Airways PCL's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Airways PCL's Debt-to-Equity distribution charts can be found below:

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

Bangkok Airways PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bangkok Airways 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
	=	(3851.389	+	25292.843)	/	16984.028
	=	1.72

Bangkok Airways 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
	=	(3851.389	+	25292.843)	/	16984.028
	=	1.72

Bangkok Airways PCL (BKK:BA) 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.

Bangkok Airways PCL Debt-to-Equity Related Terms

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Bangkok Airways PCL (BKK:BA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bangkok Airways PCL (BKK:BA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8BA:Germany

Address

99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900

Website

https://www.bangkokair.com

Bangkok Airways PCL provides airline, airport, and airport-related services including ground and passenger, in-flight catering, and cargo terminal services to its own flights and those of other airlines. It operates in three segments. The airline segment sells tickets and provides services to passengers. The airport segment provides location services for passengers and airlines. The supporting airline business segment, provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand.