Thai Rung Union Car PCL (BKK:TRU) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Thai Rung Union Car PCL Debt-to-Equity?

Thai Rung Union Car PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿4 Mil. Thai Rung Union Car PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿10 Mil. Thai Rung Union Car PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿3,730 Mil. Thai Rung Union Car PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Thai Rung Union Car PCL's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Rung Union Car PCL was 0.01. The lowest was 0.00. And the median was 0.00.

BKK:TRU's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Thai Rung Union Car PCL Debt-to-Equity Historical Data

The historical data trend for Thai Rung Union Car 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.

Thai Rung Union Car PCL Debt-to-Equity Chart

Thai Rung Union Car PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Thai Rung Union Car PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.01	-	-

Competitive Comparison of Thai Rung Union Car PCL's Debt-to-Equity

For the Auto Parts subindustry, Thai Rung Union Car 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.

Thai Rung Union Car PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Rung Union Car PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thai Rung Union Car PCL's Debt-to-Equity falls into.

Thai Rung Union Car PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Rung Union Car 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
	=	(4.375	+	11.013)	/	3645.49
	=	0.00

Thai Rung Union Car 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
	=	(4.412	+	9.829)	/	3729.736
	=	0.00

Thai Rung Union Car PCL (BKK:TRU) 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.

Thai Rung Union Car PCL Debt-to-Equity Related Terms

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Thai Rung Union Car PCL (BKK:TRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Rung Union Car PCL (BKK:TRU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

304, Marcharoen Road, Khwaeng Nongkangploo, Khet Nongkaem, Bangkok, THA, 10160

Website

http://www.thairung.co.th

Thai Rung Union Car PCL is engaged in car assembly and modification, and the manufacture and distribution of parts and molds. It operates in the segments of Car assembly and other related car services; Manufacture of equipment for the production of car accessories (comprising the manufacture of molds and jigs and manufacture and sales of car accessories and spare parts), which is the key revenue generating segment; and Sales of cars, and a car service centre business.