Triple i Logistics PCL (BKK:III) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Triple i Logistics PCL Debt-to-Equity?

Triple i Logistics PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿211 Mil. Triple i Logistics PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿323 Mil. Triple i Logistics PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿3,763 Mil. Triple i Logistics PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Triple i Logistics PCL's Debt-to-Equity or its related term are showing as below:

BKK:III' s Debt-to-Equity Range Over the Past 10 Years
Min: -33.65 Med: 0.25 Max: 0.57
Current: 0.14

During the past 10 years, the highest Debt-to-Equity Ratio of Triple i Logistics PCL was 0.57. The lowest was -33.65. And the median was 0.25.

BKK:III's Debt-to-Equity is ranked better than
84.26% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs BKK:III: 0.14

Triple i Logistics PCL Debt-to-Equity Historical Data

The historical data trend for Triple i Logistics 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.

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Triple i Logistics PCL Debt-to-Equity Chart

Triple i Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.57

0.36

0.24

0.14

Triple i Logistics 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															0.24	0.19	0.17	0.19	0.14

Competitive Comparison of Triple i Logistics PCL's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.

Triple i Logistics PCL's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Triple i Logistics PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Triple i Logistics PCL's Debt-to-Equity falls into.

Triple i Logistics PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Triple i Logistics 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
	=	(211.264	+	323.49)	/	3762.614
	=	0.14

Triple i Logistics 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
	=	(211.264	+	323.49)	/	3762.614
	=	0.14

Triple i Logistics PCL (BKK:III) 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.

Triple i Logistics PCL Debt-to-Equity Related Terms

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Triple i Logistics PCL (BKK:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Triple i Logistics PCL (BKK:III) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, 628, 3rd Floor, Triple i Building, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.iii-logistics.com

Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Airfreight, Sea and inland freight, Logistics management, Chemical and hazardous goods logistics and Other management services. The majority of its revenue is from the Chemical and hazardous goods logistics segment, it operates as a services provider for sea, air, rails, and in-land, both local and overseas including warehouse management and distribution for chemical and hazardous goods.