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Mitsib Leasing PCL (BKK:MITSIB) Debt-to-Equity : 1.40 (As of Dec. 2023)


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What is Mitsib Leasing PCL Debt-to-Equity?

Mitsib Leasing PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿812.0 Mil. Mitsib Leasing PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿266.3 Mil. Mitsib Leasing PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿771.7 Mil. Mitsib Leasing PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.40.

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

BKK:MITSIB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79   Med: 1.4   Max: 3.5
Current: 1.4

During the past 10 years, the highest Debt-to-Equity Ratio of Mitsib Leasing PCL was 3.50. The lowest was 0.79. And the median was 1.40.

BKK:MITSIB's Debt-to-Equity is ranked worse than
84.07% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs BKK:MITSIB: 1.40

Mitsib Leasing PCL Debt-to-Equity Historical Data

The historical data trend for Mitsib Leasing 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.

Mitsib Leasing PCL Debt-to-Equity Chart

Mitsib Leasing PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.94 1.11 1.09 1.40

Mitsib Leasing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.20 1.22 1.29 1.40

Competitive Comparison of Mitsib Leasing PCL's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Mitsib Leasing 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.


Mitsib Leasing PCL's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsib Leasing PCL's Debt-to-Equity distribution charts can be found below:

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



Mitsib Leasing PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsib Leasing PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Mitsib Leasing PCL's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Mitsib Leasing PCL  (BKK:MITSIB) 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.


Mitsib Leasing PCL Debt-to-Equity Related Terms

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Mitsib Leasing PCL (BKK:MITSIB) Business Description

Traded in Other Exchanges
N/A
Address
No. 895-6 Moo 5, Srinakarin Road, Samrong Nuea Subdistrict, Mueang Samutprakan District, Samut Prakan, Bangkok, THA, 10270
Mitsib Leasing PCL are hire purchase and factoring. The company is engaged in the sale of cars and providing maintenance services of public transportations and providing retail loan to customers. The Group operates in four businesses which are sale of cars, hire purchase, factoring and other lending. Geographically, it operates only in Thailand.

Mitsib Leasing PCL (BKK:MITSIB) Headlines

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