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Ratch Group PCLBKK:RATCH 68 Cash-to-Debt is 0.17 as of Mar. 2026, which is 50% below its 10-year median of 0.34. GuruFocus rates BKK:RATCH with a GF Score™ of 68/100 and a GF Value™ of ฿27.65 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 482 Utilities - Regulated companies, Ratch Group PCL ranks worse than 57.47% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Ratch Group PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.17.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ratch Group PCLcouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Ratch Group PCL's Cash-to-Debt or its related term are showing as below:
BKK:RATCH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 0.66
Current: 0.17
During the past 13 years, Ratch Group PCL's highest Cash to Debt Ratio was 0.66. The lowest was 0.16. And the median was 0.34.
BKK:RATCH's Cash-to-Debt is ranked worse than 57.47% of 482
companies
in the Utilities - Regulated industry
Industry Median: 0.235
vs BKK:RATCH: 0.17
Ratch Group PCL (BKK:RATCH) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Ratch Group PCL Cash-to-Debt Related Terms
Ratch Group PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Ratch Group PCL's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BKK:RATCH vs NEE, SO, DUK: Cash-to-Debt Comparison
For the Utilities - Regulated Electric subindustry, Ratch Group PCL's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Ratch Group PCL Cash-to-Debt vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Ratch Group PCL's Cash-to-Debt falls into.
* 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.
Ratch Group PCL (BKK:RATCH) has a Cash-to-Debt of 0.17 as of Mar. 2026. This is 50% below median its historical median of 0.34. Over the past decade, Ratch Group PCL's Cash-to-Debt has ranged from 0.16 to 0.66. According to the industry distribution chart, Ratch Group PCL ranks #277 out of 482 companies in the Utilities - Regulated industry, placing it in the top 57.5%.
Is Ratch Group PCL's Cash-to-Debt too high?
Ratch Group PCL's current Cash-to-Debt of 0.17 is 50% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.66. The Utilities - Regulated industry median Cash-to-Debt is 0.24. Ratch Group PCL's value of 0.17 is 27.7% below this industry median. Based on the distribution chart, Ratch Group PCL ranks #277 out of 482 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Cash-to-Debt compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #277 out of 482 companies for Cash-to-Debt. This places Ratch Group PCL in the lower half of its industry. The industry median Cash-to-Debt is 0.24. Ratch Group PCL's value of 0.17 is 27.7% below this benchmark. Historically, Ratch Group PCL's own Cash-to-Debt has ranged from 0.16 to 0.66 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.24, Ratch Group PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.24, based on 482 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ratch Group PCL's current Cash-to-Debt of 0.17 is 27.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Cash-to-Debt is 0.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Cash-to-Debt is 0.17, which is 50% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿27.65, compared to a current price of ฿38.75 — trading 40.1% above its estimated fair value. The current Cash-to-Debt is 0.17, which is 50% below median its 10-year median of 0.34 and 27.7% below the Utilities - Regulated industry median of 0.24. Ratch Group PCL's overall GF Score™ is 68/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Ratch Group PCL (BKK:RATCH), the current Cash-to-Debt is 0.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿38.75 is trading 40.1% above its estimated GF Value™ of ฿27.65.
GuruFocus considers Ratch Group PCL to be Significantly Overvalued.
Key valuation signals for BKK:RATCH:
Cash-to-Debt: 0.17 (50% below median its 10-year median of 0.34)
GF Value™: ฿27.65 vs. price of ฿38.75 (40.1% above fair value)
Industry Position: 27.7% below the Utilities - Regulated median (#277 of 482)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
68GF Score
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