L.P.N. Development PCL (BKK:LPN-R) Debt-to-Asset : 0.40 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:LPN-R L.P.N. Development PCL BKK:LPN-R
68 GF Score
Price ฿4.15
GF Value ฿7.14
! 10 Warning Signs
View Full Analysis

What is L.P.N. Development PCL Debt-to-Asset?

L.P.N. Development PCL BKK:LPN-R 68 Debt-to-Asset is 0.40 as of Mar. 2026. GuruFocus rates BKK:LPN-R with a GF Score™ of 68/100 and a GF Value™ of ฿7.14. The stock has 10 warning signs investors should review.

L.P.N. Development PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿5,773 Mil. L.P.N. Development PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿3,609 Mil. L.P.N. Development PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ฿23,236 Mil. L.P.N. Development PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.40.

L.P.N. Development PCL  (BKK:LPN-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.

L.P.N. Development PCL Debt-to-Asset Related Terms

L.P.N. Development PCL Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for L.P.N. Development 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.

L.P.N. Development PCL Debt-to-Asset Chart

L.P.N. Development 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 0.40 0.44 0.48 0.43 0.42

L.P.N. Development 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 0.43 0.43 0.43 0.42 0.40

L.P.N. Development PCL Debt-to-Asset Competitor Comparison

For the Real Estate - Development subindustry, L.P.N. Development 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.

L.P.N. Development PCL Debt-to-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, L.P.N. Development PCL's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where L.P.N. Development PCL's Debt-to-Asset falls into.


BKK:LPN-R
68GF Score
L.P.N. Development PCL BKK:LPN-R
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

L.P.N. Development PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

L.P.N. Development 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
=(5393.322 + 4623.57) / 23705.082
=0.42

L.P.N. Development 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
=(5773.39 + 3609.454) / 23236.14
=0.40

* 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 0.40 mean?
L.P.N. Development PCL (BKK:LPN-R) has a Debt-to-Asset of 0.40 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on L.P.N. Development PCL and its competitors.
Is L.P.N. Development PCL's Debt-to-Asset too high?
L.P.N. Development PCL's current Debt-to-Asset is 0.40. Overall, L.P.N. Development PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does L.P.N. Development PCL's Debt-to-Asset compare to competitors?
L.P.N. Development PCL's Debt-to-Asset of 0.40 can be compared against companies in the Real Estate 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 Real Estate company?
A good Debt-to-Asset depends on the Real Estate 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 L.P.N. Development PCL and its competitors. L.P.N. Development PCL's current Debt-to-Asset is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L.P.N. Development PCL stock overvalued right now?
L.P.N. Development PCL (BKK:LPN-R) has a current Debt-to-Asset of 0.40. The stock's GF Value™ is ฿7.14, compared to a current price of ฿4.15 — trading 41.9% below its estimated fair value. The current Debt-to-Asset is 0.40. L.P.N. Development PCL's overall GF Score™ is 68/100 with 10 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 L.P.N. Development PCL (BKK:LPN-R), the current Debt-to-Asset is 0.40 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 L.P.N. Development PCL (BKK:LPN-R) Overvalued in 2026?

Based on GuruFocus' analysis, L.P.N. Development PCL stock appears to be undervalued. The current stock price of ฿4.15 is trading 41.9% below its estimated GF Value™ of ฿7.14.

Key valuation signals for BKK:LPN-R:

  • Debt-to-Asset: 0.40
  • GF Value™: ฿7.14 vs. price of ฿4.15 (41.9% below fair value)
  • GF Score™: 68/100 with 10 warning signs

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

L.P.N. Development PCL Business Description

Other Exchanges LPN:Thailand
Address Rama 4 Road, 1168/109, 36th Floor, Lumpini Tower, Tungmahamek Subdistrict, Sathorn District, Bangkok, THA, 10120
L.P.N. Development PCL is a Thailand-based company that offers real estate development and management services. It sells and rents developed projects such as offices and residential condominiums. The company operates through the following business segments: Real Estate, Rent and Service, Service and Management, and Others. A majority of its revenue is generated from the Real Estate segment.
68GF Score

Get the complete analysis for BKK:LPN-R

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

฿4.15
Price
฿7.14
GF Value