Forth Smart Service PCL (BKK:FSMART) Debt-to-Asset : 0.25 (As of Mar. 2026)

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BKK:FSMART Forth Smart Service PCL BKK:FSMART
67 GF Score
Price ฿7.80
GF Value ฿6.73
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Forth Smart Service PCL Debt-to-Asset?

Forth Smart Service PCL BKK:FSMART 67 Debt-to-Asset is 0.25 as of Mar. 2026. GuruFocus rates BKK:FSMART with a GF Score™ of 67/100 and a GF Value™ of ฿6.73 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Forth Smart Service PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿841 Mil. Forth Smart Service PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿154 Mil. Forth Smart Service PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ฿3,921 Mil. Forth Smart Service PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.25.


Forth Smart Service PCL  (BKK:FSMART) 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.


Forth Smart Service PCL Debt-to-Asset Related Terms


Forth Smart Service PCL Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Forth Smart Service 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.

Forth Smart Service PCL Debt-to-Asset Chart

Forth Smart Service PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.17 0.12 0.28 0.24

Forth Smart Service 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 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 0.25 0.29 0.26 0.24 0.25

BKK:FSMART vs VZ, TMUS, T: Debt-to-Asset Comparison

For the Telecom Services subindustry, Forth Smart Service 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.


Forth Smart Service PCL Debt-to-Asset vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Forth Smart Service PCL's Debt-to-Asset falls into.


BKK:FSMART
67GF Score
Forth Smart Service PCL BKK:FSMART
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forth Smart Service PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Forth Smart Service 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
=(641.942 + 237.874) / 3685.84
=0.24

Forth Smart Service 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
=(840.594 + 153.525) / 3921.384
=0.25

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.25 mean?
Forth Smart Service PCL (BKK:FSMART) has a Debt-to-Asset of 0.25 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Forth Smart Service PCL and its competitors.
Is Forth Smart Service PCL's Debt-to-Asset too high?
Forth Smart Service PCL's current Debt-to-Asset is 0.25. Overall, Forth Smart Service PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth Smart Service PCL's Debt-to-Asset compare to VZ and TMUS?
Forth Smart Service PCL's Debt-to-Asset of 0.25 can be compared against companies in the Telecommunication Services 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 a Telecommunication Services company?
A good Debt-to-Asset depends on the Telecommunication Services 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 Forth Smart Service PCL and its competitors. Forth Smart Service PCL's current Debt-to-Asset is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth Smart Service PCL stock overvalued right now?
Based on GuruFocus' analysis, Forth Smart Service PCL (BKK:FSMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.73, compared to a current price of ฿7.80 — trading 15.9% above its estimated fair value. The current Debt-to-Asset is 0.25. Forth Smart Service PCL's overall GF Score™ is 67/100 with 3 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 Forth Smart Service PCL (BKK:FSMART), the current Debt-to-Asset is 0.25 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 Forth Smart Service PCL (BKK:FSMART) Overvalued in 2026?

Based on GuruFocus' analysis, Forth Smart Service PCL stock appears to be overvalued. The current stock price of ฿7.80 is trading 15.9% above its estimated GF Value™ of ฿6.73. GuruFocus considers Forth Smart Service PCL to be Modestly Overvalued.

Key valuation signals for BKK:FSMART:

  • Debt-to-Asset: 0.25
  • GF Value™: ฿6.73 vs. price of ฿7.80 (15.9% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Forth Smart Service PCL Business Description

Address 256 Paholyothin Road, Samsennai, Phaya Thai District, Bangkok, THA, 10400
Forth Smart Service PCL is a Thailand-based company engaged in providing prepaid mobile top-up services, money transfer services, and online payment receipt services through electronic top-up machines. The company also provides advertising services through its online top-up machine network. It operates through two reportable segments: Top-up Machine, which provides mobile top-up, payment, and related services through automated machines; and Lending, which provides personal loans and nano finance services. It generates the majority of its revenue from the Top-up machine segment.
67GF Score

Get the complete analysis for BKK:FSMART

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

฿7.80
Price
฿6.73
GF Value