AIRA Factoring PCL (BKK:AF) Debt-to-Equity : 3.43 (As of Dec. 2024)

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What is AIRA Factoring PCL Debt-to-Equity?

AIRA Factoring PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ฿1,733.8 Mil. AIRA Factoring PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ฿39.6 Mil. AIRA Factoring PCL's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ฿517.2 Mil. AIRA Factoring PCL's debt to equity for the quarter that ended in Dec. 2024 was 3.43.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for AIRA Factoring PCL's Debt-to-Equity or its related term are showing as below:

BKK:AF' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.86 Med: 3.33 Max: 3.86
Current: 3.43

During the past 13 years, the highest Debt-to-Equity Ratio of AIRA Factoring PCL was 3.86. The lowest was 2.86. And the median was 3.33.

BKK:AF's Debt-to-Equity is ranked worse than
79.4% of 432 companies
in the Credit Services industry
Industry Median: 1.24 vs BKK:AF: 3.43

AIRA Factoring PCL Debt-to-Equity Historical Data

The historical data trend for AIRA Factoring PCL's Debt-to-Equity 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.

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AIRA Factoring PCL Debt-to-Equity Chart

AIRA Factoring PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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2.94

3.13

3.22

3.51

3.43

AIRA Factoring PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															3.51	3.19	3.35	3.51	3.43

Competitive Comparison of AIRA Factoring PCL's Debt-to-Equity

For the Credit Services subindustry, AIRA Factoring PCL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

AIRA Factoring PCL's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AIRA Factoring PCL's Debt-to-Equity falls into.

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AIRA Factoring PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AIRA Factoring PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1733.805	+	39.6)	/	517.184
	=	3.43

AIRA Factoring PCL's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1733.805	+	39.6)	/	517.184
	=	3.43

AIRA Factoring PCL (BKK:AF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

AIRA Factoring PCL Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of AIRA Factoring PCL's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

AIRA Factoring PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AIRA Factoring PCL (BKK:AF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AF-R:Thailand

Address

No. 188, Phayathai Road, Unit 6-10, 12Ath Floor, Spring Tower Building, Thung Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400

Website

https://www.airafactoring.co.th

AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's clients vary from small to medium businesses that need funding for their operations. Geographically, the company operates only in Thailand.

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