Asian Sea PCL (BKK:ASIAN) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Asian Sea PCL Debt-to-Equity?

Asian Sea PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿215 Mil. Asian Sea PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿136 Mil. Asian Sea PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿6,248 Mil. Asian Sea PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Asian Sea PCL's Debt-to-Equity or its related term are showing as below:

BKK:ASIAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.91 Max: 1.91
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Asian Sea PCL was 1.91. The lowest was 0.06. And the median was 0.91.

BKK:ASIAN's Debt-to-Equity is ranked better than
87.07% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BKK:ASIAN: 0.06

Asian Sea PCL Debt-to-Equity Historical Data

The historical data trend for Asian Sea 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.

Asian Sea PCL Debt-to-Equity Chart

Asian Sea PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.78

0.53

0.55

0.14

0.06

Asian Sea PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.09	0.11	0.12	0.06

Competitive Comparison of Asian Sea PCL's Debt-to-Equity

For the Packaged Foods subindustry, Asian Sea 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.

Asian Sea PCL's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asian Sea PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asian Sea PCL's Debt-to-Equity falls into.

Asian Sea PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asian Sea 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
	=	(214.556	+	136.377)	/	6247.672
	=	0.06

Asian Sea PCL's Debt to Equity Ratio for the quarter 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
	=	(214.556	+	136.377)	/	6247.672
	=	0.06

Asian Sea PCL (BKK:ASIAN) 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.

Asian Sea PCL Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Asian Sea PCL's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Asian Sea PCL (BKK:ASIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Sea Corp PCL (BKK:ASIAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bangkrajao, Muang, Samutsakhon, THA, 74000

Website

https://asiansea.co.th

Asian Sea Corp PCL is principally engaged in the production of processed frozen seafood and the provision of cold storage services. The company operates in various segments that include Frozen and packaged food products, Feedstuff, and Other business in cold storage services. The Feedstuff segment earns the maximum revenue for the company. Its product line consists of raw shrimps, cooked shrimps, squids, cuttlefish, octopuses, tuna, and pre-fried, deep-fried, and grilled seafood. It distributes products under the brand names TCC, ASS, Sakura, and Asian Seafood among others. Geographically, it derives a majority of its revenue from the United States of America.

Asian Sea PCL (BKK:ASIAN) Headlines

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