Banpu Power PCL (BKK:BPP-R) Debt-to-Asset : 0.27 (As of Mar. 2026)

What is Banpu Power PCL Debt-to-Asset?

Banpu Power PCL BKK:BPP-R 84 Debt-to-Asset is 0.27 as of Mar. 2026. GuruFocus rates BKK:BPP-R with a GF Score™ of 84/100 and a GF Value™ of ฿10.21. The stock has 6 warning signs investors should review.

Banpu Power PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿9,268 Mil. Banpu Power PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿13,118 Mil. Banpu Power PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ฿82,814 Mil. Banpu Power PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.27.

Banpu Power PCL (BKK:BPP-R) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Banpu Power PCL Debt-to-Asset Related Terms

Banpu Power PCL Debt-to-Asset Historical Data

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The historical data trend for Banpu Power PCL's Debt-to-Asset 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.

Banpu Power PCL Debt-to-Asset Chart

Banpu Power PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Asset

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0.29

0.27

0.39

0.40

Banpu Power PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Asset	Get a 7-Day Free Trial															0.39	0.40	0.38	0.40	0.27

BKK:BPP-R vs CEG, VST, NRG: Debt-to-Asset Comparison

For the Utilities - Independent Power Producers subindustry, Banpu Power PCL's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Banpu Power PCL Debt-to-Asset vs Utilities - Independent Power Producers Industry

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

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

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84GF Score

Banpu Power PCL BKK:BPP-R

Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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Banpu Power PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Banpu Power PCL's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10866.951	+	27341.104)	/	94480.982
	=	0.40

Banpu Power PCL's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(9268.147	+	13118.441)	/	82814.11
	=	0.27

Frequently Asked Questions Learn more about Debt-to-Asset →

What does a Debt-to-Asset of 0.27 mean?

Banpu Power PCL (BKK:BPP-R) has a Debt-to-Asset of 0.27 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Banpu Power PCL and its competitors.

Is Banpu Power PCL's Debt-to-Asset too high?

Banpu Power PCL's current Debt-to-Asset is 0.27. Overall, Banpu Power PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.

How does Banpu Power PCL's Debt-to-Asset compare to CEG and VST?

Banpu Power PCL's Debt-to-Asset of 0.27 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Debt-to-Asset for an Utilities - Independent Power Producers company?

A good Debt-to-Asset depends on the Utilities - Independent Power Producers industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Debt-to-Asset mean?

A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Banpu Power PCL and its competitors. Banpu Power PCL's current Debt-to-Asset is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Banpu Power PCL stock overvalued right now?

Banpu Power PCL (BKK:BPP-R) has a current Debt-to-Asset of 0.27. The stock's GF Value™ is ฿10.21, compared to a current price of ฿10.10 — trading 1.1% below its estimated fair value. The current Debt-to-Asset is 0.27. Banpu Power PCL's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Debt-to-Asset calculated?

Debt-to-Asset is calculated from a company's financial statements. For Banpu Power PCL (BKK:BPP-R), the current Debt-to-Asset is 0.27 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued. The current stock price of ฿10.10 is trading 1.1% below its estimated GF Value™ of ฿10.21.

Key valuation signals for BKK:BPP-R:

Debt-to-Asset: 0.27
GF Value™: ฿10.21 vs. price of ฿10.10 (1.1% below fair value)
GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Banpu Power PCL Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies BKK:GUNKUL BKK:BGRIM BKK:CKP BKK:ROJNA BKK:EGCO BKK:NNCL BKK:UV BKK:GTV CEG VST BOM:533096 NRG BKK:GULF HKSE:01816 TLN BOM:539254 HKSE:00006 SHSE:601991 SHSE:600011 BOM:500400

Other Exchanges BPP:Thailand

Address 1550 New Petchburi Road, 26th Floor, Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400

Website https://www.banpupower.com

Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.

84GF Score

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Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿10.10

Price

฿10.21

GF Value

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