Sermsang Power PCL (BKK:SSP) Debt-to-Equity : 1.52 (As of Dec. 2023)

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What is Sermsang Power PCL Debt-to-Equity?

Sermsang Power PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿1,597 Mil. Sermsang Power PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿10,603 Mil. Sermsang Power PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿8,034 Mil. Sermsang Power PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.52.

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

BKK:SSP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38 Med: 2.52 Max: 4.93
Current: 1.52

During the past 10 years, the highest Debt-to-Equity Ratio of Sermsang Power PCL was 4.93. The lowest was 1.38. And the median was 2.52.

BKK:SSP's Debt-to-Equity is ranked worse than
66.67% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs BKK:SSP: 1.52

Sermsang Power PCL Debt-to-Equity Historical Data

The historical data trend for Sermsang Power 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.

Sermsang Power PCL Debt-to-Equity Chart

Sermsang Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.65

2.62

2.42

1.63

1.52

Sermsang Power 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															1.63	1.57	1.63	1.56	1.52

Competitive Comparison of Sermsang Power PCL's Debt-to-Equity

For the Utilities - Renewable subindustry, Sermsang Power 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.

Sermsang Power PCL's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Debt-to-Equity distribution charts can be found below:

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

Sermsang Power PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sermsang Power 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
	=	(1596.745	+	10602.504)	/	8033.813
	=	1.52

Sermsang Power 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
	=	(1596.745	+	10602.504)	/	8033.813
	=	1.52

Sermsang Power PCL (BKK:SSP) 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.

Sermsang Power PCL Debt-to-Equity Related Terms

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Sermsang Power PCL (BKK:SSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sermsang Power Corporation PCL (BKK:SSP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300

Website

https://www.sermsang.com

Sermsang Power Corporation PCL is engaged in investment, consultancy, and provision of services for energy businesses to related parties. The company's operating segments are production and distribution of electricity from solar plants, Electricity distribution and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from a biomass power plant, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.