Thantawan Industry PCLBKK:THIP-R 68 Cash-to-Debt is 1.79 as of Mar. 2026, which is 92% below its 10-year median of 21.22. GuruFocus rates BKK:THIP-R with a GF Score™ of 68/100 and a GF Value™ of ฿36.60. The stock has 6 warning signs investors should review. Among 385 Packaging & Containers companies, Thantawan Industry PCL ranks better than 72.47% 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. Thantawan Industry PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 1.79.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Thantawan Industry PCLcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Thantawan Industry PCL's Cash-to-Debt or its related term are showing as below:
BKK:THIP-R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.79 Med: 21.22 Max: 152.31
Current: 1.79
During the past 13 years, Thantawan Industry PCL's highest Cash to Debt Ratio was 152.31. The lowest was 1.79. And the median was 21.22.
BKK:THIP-R's Cash-to-Debt is ranked better than 72.47% of 385
companies
in the Packaging & Containers industry
Industry Median: 0.43
vs BKK:THIP-R: 1.79
Thantawan Industry PCL (BKK:THIP-R) 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.
Thantawan Industry PCL Cash-to-Debt Related Terms
Thantawan Industry PCL Cash-to-Debt Historical Data
* 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:THIP-R vs SW, PKG, IP: Cash-to-Debt Comparison
For the Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL Cash-to-Debt vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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.
Thantawan Industry PCL (BKK:THIP-R) has a Cash-to-Debt of 1.79 as of Mar. 2026. This is 92% below median its historical median of 21.22. Over the past decade, Thantawan Industry PCL's Cash-to-Debt has ranged from 1.79 to 152.31. According to the industry distribution chart, Thantawan Industry PCL ranks #106 out of 385 companies in the Packaging & Containers industry, placing it in the top 27.5%.
Is Thantawan Industry PCL's Cash-to-Debt too high?
Thantawan Industry PCL's current Cash-to-Debt of 1.79 is 92% below median its 10-year median of 21.22. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 152.31. The Packaging & Containers industry median Cash-to-Debt is 0.43. Thantawan Industry PCL's value of 1.79 is 316.3% above this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #106 out of 385 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Cash-to-Debt compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #106 out of 385 companies for Cash-to-Debt. This puts Thantawan Industry PCL in the upper half of its industry. The industry median Cash-to-Debt is 0.43. Thantawan Industry PCL's value of 1.79 is 316.3% above this benchmark. Historically, Thantawan Industry PCL's own Cash-to-Debt has ranged from 1.79 to 152.31 over the past decade. While the company's 10-year median is 21.22 vs. the industry median of 0.43, Thantawan Industry PCL has consistently been above 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 a Packaging & Containers company?
The median Cash-to-Debt among Packaging & Containers companies is 0.43, based on 385 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. Thantawan Industry PCL's current Cash-to-Debt of 1.79 is 316.3% above 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 Packaging & Containers industry, the median Cash-to-Debt is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Cash-to-Debt is 1.79, which is 92% below median its own 10-year median of 21.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Cash-to-Debt of 1.79. The stock's GF Value™ is ฿36.60, compared to a current price of ฿23.00 — trading 37.2% below its estimated fair value. The current Cash-to-Debt is 1.79, which is 92% below median its 10-year median of 21.22 and 316.3% above the Packaging & Containers industry median of 0.43. Thantawan Industry PCL's overall GF Score™ is 68/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Cash-to-Debt is 1.79 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.2% below its estimated GF Value™ of ฿36.60.
Key valuation signals for BKK:THIP-R:
Cash-to-Debt: 1.79 (92% below median its 10-year median of 21.22)
GF Value™: ฿36.60 vs. price of ฿23.00 (37.2% below fair value)
Industry Position: 316.3% above the Packaging & Containers median (#106 of 385)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
68GF Score
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