Netbay PCL (BKK:NETBAY) Debt-to-Asset : 0.03 (As of Mar. 2026)

What is Netbay PCL Debt-to-Asset?

Netbay PCL BKK:NETBAY +9.30% 87 Debt-to-Asset is 0.03 as of Mar. 2026. GuruFocus rates BKK:NETBAY with a GF Score™ of 87/100 and a GF Value™ of ฿21.29 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Netbay PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿8.2 Mil. Netbay PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿11.8 Mil. Netbay PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ฿730.2 Mil. Netbay PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.03.

Netbay PCL (BKK:NETBAY) 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.

Netbay PCL Debt-to-Asset Related Terms

Netbay PCL Debt-to-Asset Historical Data

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The historical data trend for Netbay 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.

Netbay PCL Debt-to-Asset Chart

Netbay PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Asset

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0.00

0.01

0.04

0.03

Netbay 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															0.03	0.04	0.04	0.03	0.03

BKK:NETBAY vs UBER, SHOP, CRM: Debt-to-Asset Comparison

For the Software - Application subindustry, Netbay 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.

Netbay PCL Debt-to-Asset vs Software Industry

For the Software industry and Technology sector, Netbay PCL's Debt-to-Asset distribution charts can be found below:

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

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87GF Score

Netbay PCL BKK:NETBAY

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

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Netbay PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Netbay 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
	=	(8.18	+	13.722)	/	721.252
	=	0.03

Netbay 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
	=	(8.239	+	11.846)	/	730.193
	=	0.03

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

What does a Debt-to-Asset of 0.03 mean?

Netbay PCL (BKK:NETBAY) has a Debt-to-Asset of 0.03 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Netbay PCL and its competitors.

Is Netbay PCL's Debt-to-Asset too high?

Netbay PCL's current Debt-to-Asset is 0.03. Overall, Netbay PCL has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Netbay PCL's Debt-to-Asset compare to UBER and SHOP?

Netbay PCL's Debt-to-Asset of 0.03 can be compared against companies in the Software 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 Software company?

A good Debt-to-Asset depends on the Software 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 Netbay PCL and its competitors. Netbay PCL's current Debt-to-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Netbay PCL stock overvalued right now?

Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.29, compared to a current price of ฿14.10 — trading 33.8% below its estimated fair value. The current Debt-to-Asset is 0.03. Netbay PCL's overall GF Score™ is 87/100 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 Netbay PCL (BKK:NETBAY), the current Debt-to-Asset is 0.03 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?

Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued. The current stock price of ฿14.10 is trading 33.8% below its estimated GF Value™ of ฿21.29. GuruFocus considers Netbay PCL to be Significantly Undervalued.

Key valuation signals for BKK:NETBAY:

Debt-to-Asset: 0.03
GF Value™: ฿21.29 vs. price of ฿14.10 (33.8% below fair value)
GF Score™: 87/100 with 3 warning signs

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

Netbay PCL Business Description

Industry Technology Software

Comparable Companies BKK:SPTX BKK:BVG BKK:APP BKK:MEB BKK:TBN BKK:HUMAN XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE INTU TSX:CSU ADSK PAYX

Address No. 719/5, 8-9, Rama 6 Road, Wang Mai Sub-district, Pathumwan District, Bangkok, THA, 10330

Website https://www.netbay.co.th

Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.

87GF Score

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฿14.10

Price

฿21.29

GF Value

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