Tipco Asphalt PCL (BKK:TASCO) Debt-to-Equity

: 0.23 (As of Dec. 2022)

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Tipco Asphalt PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ฿3,443 Mil. Tipco Asphalt PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ฿322 Mil. Tipco Asphalt PCL's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ฿16,233 Mil. Tipco Asphalt PCL's debt to equity for the quarter that ended in Dec. 2022 was 0.23.

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

BKK:TASCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 1.06 Max: 3.71
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Tipco Asphalt PCL was 3.71. The lowest was 0.13. And the median was 1.06.

BKK:TASCO's Debt-to-Equity is ranked better than
68.07% of 332 companies
in the Building Materials industry
Industry Median: 0.40 vs BKK:TASCO: 0.23

Tipco Asphalt PCL Debt-to-Equity Historical Data

The historical data trend for Tipco Asphalt 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.

Tipco Asphalt PCL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.58

0.31

0.13

0.25

0.23

Tipco Asphalt PCL Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Equity																0.25	0.30	0.37	0.36	0.23

Competitive Comparison

For the Building Materials subindustry, Tipco Asphalt 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.

Annual Data Quarterly Data

Tipco Asphalt PCL Debt-to-Equity Distribution

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

Tipco Asphalt PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tipco Asphalt PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3443.307	+	322.204)	/	16232.705
	=	0.23

Tipco Asphalt PCL's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(3443.307	+	322.204)	/	16232.705
	=	0.23

Tipco Asphalt PCL (BKK:TASCO) 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.

Tipco Asphalt PCL Debt-to-Equity Related Terms

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

Tipco Asphalt PCL (BKK:TASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tipco Asphalt PCL (BKK:TASCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TASCO-R:Thailand TPY1:Germany

Address

118/1 Rama 6 Road, 24th Floor, Tipco Tower, Phayathai District, Bangkok, THA, 10400

Website

http://www.tipcoasphalt.com

Tipco Asphalt PCL produces and distributes asphalt and petroleum oil products. The products lineup consists of asphalt cement, cutback asphalt, asphalt emulsion, modified asphalt emulsion, premium-grade asphalt, and other related products. For distribution purposes, Tipco owns ship vessels and asphalt carrying trucks, which deliver its products and services to its customers domestically and internationally. The company operates primarily in Thailand, where it generates the majority of its revenue.

Tipco Asphalt PCL (BKK:TASCO) Headlines

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