Thien Long Group (STC:TLG) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Thien Long Group Debt-to-Equity?

Thien Long Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫291,379 Mil. Thien Long Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫29,758 Mil. Thien Long Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫2,178,495 Mil. Thien Long Group's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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

STC:TLG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.16 Max: 0.37
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Thien Long Group was 0.37. The lowest was 0.08. And the median was 0.16.

STC:TLG's Debt-to-Equity is ranked better than
66.83% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs STC:TLG: 0.15

Thien Long Group Debt-to-Equity Historical Data

The historical data trend for Thien Long Group'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.

Thien Long Group Debt-to-Equity Chart

Thien Long Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.10

0.13

0.14

Thien Long Group 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															0.18	0.19	0.10	0.14	0.15

Competitive Comparison of Thien Long Group's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Thien Long Group'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.

Thien Long Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thien Long Group's Debt-to-Equity distribution charts can be found below:

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

Thien Long Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thien Long Group'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
	=	(250142.394	+	33498.605)	/	2093633.518
	=	0.14

Thien Long Group'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
	=	(291378.695	+	29758.44)	/	2178495.033
	=	0.15

Thien Long Group (STC:TLG) 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.

Thien Long Group Debt-to-Equity Related Terms

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Thien Long Group (STC:TLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thien Long Group Corp (STC:TLG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 6-8-10-12, No.3 Street, Tan Tao Industrial Park, Tan Tao A Ward, Binh Tan District, Ho Chi Minh City, VNM

Website

http://www.thienlonggroup.com

Thien Long Group Corp is a Vietnam-based company engages in manufacturing and trading of stationery products. Its products include Pens, Office Supplies, School Supplies, and Art Supplies.

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