Krungthai Car Rent And Lease PCL (BKK:KCAR) Debt-to-Equity : 1.28 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Krungthai Car Rent And Lease PCL Debt-to-Equity?

Krungthai Car Rent And Lease PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,239 Mil. Krungthai Car Rent And Lease PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,828 Mil. Krungthai Car Rent And Lease PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,395 Mil. Krungthai Car Rent And Lease PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.28.

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 Krungthai Car Rent And Lease PCL's Debt-to-Equity or its related term are showing as below:

BKK:KCAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.19 Max: 1.52
Current: 1.28

During the past 13 years, the highest Debt-to-Equity Ratio of Krungthai Car Rent And Lease PCL was 1.52. The lowest was 0.72. And the median was 1.19.

BKK:KCAR's Debt-to-Equity is ranked worse than
79.41% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs BKK:KCAR: 1.28

Krungthai Car Rent And Lease PCL Debt-to-Equity Historical Data

The historical data trend for Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease PCL Debt-to-Equity Chart

Krungthai Car Rent And Lease PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.44

1.39

1.37

1.21

1.32

Krungthai Car Rent And Lease 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															1.14	1.16	1.14	1.32	1.28

Competitive Comparison of Krungthai Car Rent And Lease PCL's Debt-to-Equity

For the Rental & Leasing Services subindustry, Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease PCL's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Krungthai Car Rent And Lease PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Krungthai Car Rent And Lease PCL's Debt-to-Equity falls into.

Krungthai Car Rent And Lease PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Krungthai Car Rent And Lease 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
	=	(833.802	+	2317.813)	/	2381.433
	=	1.32

Krungthai Car Rent And Lease 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
	=	(1239.274	+	1827.879)	/	2395.227
	=	1.28

Krungthai Car Rent And Lease PCL (BKK:KCAR) 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.

Krungthai Car Rent And Lease PCL Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Krungthai Car Rent And Lease PCL's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Krungthai Car Rent And Lease PCL (BKK:KCAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Krungthai Car Rent And Lease PCL (BKK:KCAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 455/1 Rama 3 Road, Kwang Bangklo, Khet Bangkorlaem, Bangkok, THA, 10120

Website

http://www.krungthai.co.th

Krungthai Car Rent And Lease PCL are engaged in the rental business. It is engaged in operating lease in car rental business and selling of used cars. In addition, the company offers car maintenance services, such as fitting and repairing services. It operates in the following segments; Car rent of operating segment and the Used car distribution segment. The firm generates maximum revenue from its Car rent of operating segment. It caters its services to corporate clients, including government agencies and private companies, as well as individual clients. Its vehicle models for rentals include economy, compact, intermediate and sports utility vehicles.

Krungthai Car Rent And Lease PCL (BKK:KCAR) Headlines

No Headlines