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Thai Solar Energy PCLBKK:TSE-R 46 Cash-to-Debt is 0.30 as of Mar. 2026, which is 275% above its 10-year median of 0.08. GuruFocus rates BKK:TSE-R with a GF Score™ of 46/100 and a GF Value™ of ฿0.67. The stock has 5 warning signs investors should review. Among 444 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks better than 54.05% 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. Thai Solar Energy PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.30.
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, Thai Solar Energy 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 Thai Solar Energy PCL's Cash-to-Debt or its related term are showing as below:
BKK:TSE-R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 0.82
Current: 0.3
During the past 13 years, Thai Solar Energy PCL's highest Cash to Debt Ratio was 0.82. The lowest was 0.03. And the median was 0.08.
Thai Solar Energy PCL (BKK:TSE-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.
Thai Solar Energy PCL Cash-to-Debt Related Terms
Thai Solar Energy PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Cash-to-Debt Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Cash-to-Debt vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy 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.
Thai Solar Energy PCL (BKK:TSE-R) has a Cash-to-Debt of 0.30 as of Mar. 2026. This is 275% above median its historical median of 0.08. Over the past decade, Thai Solar Energy PCL's Cash-to-Debt has ranged from 0.03 to 0.82. According to the industry distribution chart, Thai Solar Energy PCL ranks #204 out of 444 companies in the Utilities - Independent Power Producers industry, placing it in the top 45.9%.
Is Thai Solar Energy PCL's Cash-to-Debt too high?
Thai Solar Energy PCL's current Cash-to-Debt of 0.30 is 275% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.82. The Utilities - Independent Power Producers industry median Cash-to-Debt is 0.25. Thai Solar Energy PCL's value of 0.30 is 20% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #204 out of 444 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Thai Solar Energy PCL has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Cash-to-Debt compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #204 out of 444 companies for Cash-to-Debt. This puts Thai Solar Energy PCL in the upper half of its industry. The industry median Cash-to-Debt is 0.25. Thai Solar Energy PCL's value of 0.30 is 20% above this benchmark. Historically, Thai Solar Energy PCL's own Cash-to-Debt has ranged from 0.03 to 0.82 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.25, Thai Solar Energy 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 an Utilities - Independent Power Producers company?
The median Cash-to-Debt among Utilities - Independent Power Producers companies is 0.25, based on 444 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. Thai Solar Energy PCL's current Cash-to-Debt of 0.30 is 20% 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 Utilities - Independent Power Producers industry, the median Cash-to-Debt is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Cash-to-Debt is 0.30, which is 275% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Cash-to-Debt of 0.30. The stock's GF Value™ is ฿0.67, compared to a current price of ฿0.61 — trading 9.6% below its estimated fair value. The current Cash-to-Debt is 0.30, which is 275% above median its 10-year median of 0.08 and 20% above the Utilities - Independent Power Producers industry median of 0.25. Thai Solar Energy PCL's overall GF Score™ is 46/100 with 5 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 Thai Solar Energy PCL (BKK:TSE-R), the current Cash-to-Debt is 0.30 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 9.6% below its estimated GF Value™ of ฿0.67.
Key valuation signals for BKK:TSE-R:
Cash-to-Debt: 0.30 (275% above median its 10-year median of 0.08)
GF Value™: ฿0.67 vs. price of ฿0.61 (9.6% below fair value)
Industry Position: 20% above the Utilities - Independent Power Producers median (#204 of 444)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
46GF Score
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