Thantawan Industry PCL (BKK:THIP-R) Debt-to-Asset : 0.14 (As of Mar. 2026)

What is Thantawan Industry PCL Debt-to-Asset?

Thantawan Industry PCL BKK:THIP-R 72 Debt-to-Asset is 0.14 as of Mar. 2026. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review.

Thantawan Industry PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿177 Mil. Thantawan Industry PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿392 Mil. Thantawan Industry PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ฿4,172 Mil. Thantawan Industry PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.14.

Thantawan Industry PCL (BKK:THIP-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.

Thantawan Industry PCL Debt-to-Asset Related Terms

Thantawan Industry PCL Debt-to-Asset Historical Data

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The historical data trend for Thantawan Industry 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.

Thantawan Industry PCL Debt-to-Asset Chart

Thantawan Industry PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Asset

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0.02

0.01

0.08

0.16

Thantawan Industry 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															0.08	0.11	0.14	0.16	0.14

BKK:THIP-R vs SW, PKG, AMCR: Debt-to-Asset Comparison

For the Packaging & Containers subindustry, Thantawan Industry 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.

Thantawan Industry PCL Debt-to-Asset vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Debt-to-Asset distribution charts can be found below:

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

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72GF Score

Thantawan Industry PCL BKK:THIP-R

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

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Thantawan Industry PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Thantawan Industry 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
	=	(285.879	+	387.983)	/	4354.91
	=	0.15

Thantawan Industry 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
	=	(177.277	+	392)	/	4171.643
	=	0.14

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

What does a Debt-to-Asset of 0.14 mean?

Thantawan Industry PCL (BKK:THIP-R) has a Debt-to-Asset of 0.14 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Thantawan Industry PCL and its competitors.

Is Thantawan Industry PCL's Debt-to-Asset too high?

Thantawan Industry PCL's current Debt-to-Asset is 0.14. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does Thantawan Industry PCL's Debt-to-Asset compare to SW and PKG?

Thantawan Industry PCL's Debt-to-Asset of 0.14 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?

A good Debt-to-Asset depends on the Packaging & Containers 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 Thantawan Industry PCL and its competitors. Thantawan Industry PCL's current Debt-to-Asset is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thantawan Industry PCL stock overvalued right now?

Thantawan Industry PCL (BKK:THIP-R) has a current Debt-to-Asset of 0.14. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Debt-to-Asset is 0.14. Thantawan Industry PCL's overall GF Score™ is 72/100 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 Thantawan Industry PCL (BKK:THIP-R), the current Debt-to-Asset is 0.14 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.

Key valuation signals for BKK:THIP-R:

Debt-to-Asset: 0.14
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
GF Score™: 72/100 with 6 warning signs

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

Thantawan Industry PCL Business Description

Industry Consumer Cyclical Packaging & Containers

Comparable Companies BKK:AJ BKK:SFLEX BKK:CSC BKK:TPBI BKK:PJW BKK:UNIX BKK:SITHAI BKK:TPAC BKK:PDG BKK:TOPP SW PKG AMCR IP BALL AVY TSX:CCL.A CCK SZSE:002812 OHEL:STERV

Other Exchanges THIP:Thailand

Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160

Website https://www.thantawan.com

Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.

72GF Score

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

฿23.00

Price

฿36.74

GF Value

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