Asia Green Energy PCL (BKK:AGE) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is Asia Green Energy PCL Debt-to-Equity?

Asia Green Energy PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,793 Mil. Asia Green Energy PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,569 Mil. Asia Green Energy PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿3,220 Mil. Asia Green Energy PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

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 Asia Green Energy PCL's Debt-to-Equity or its related term are showing as below:

BKK:AGE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.35 Max: 2.25
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Green Energy PCL was 2.25. The lowest was 0.80. And the median was 1.35.

BKK:AGE's Debt-to-Equity is ranked worse than
83.33% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.195 vs BKK:AGE: 1.04

Asia Green Energy PCL Debt-to-Equity Historical Data

The historical data trend for Asia Green Energy 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.

* Premium members only.

Asia Green Energy PCL Debt-to-Equity Chart

Asia Green Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.41

1.50

1.24

1.08

Asia Green Energy PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.31	1.30	1.00	1.08	1.04

Competitive Comparison of Asia Green Energy PCL's Debt-to-Equity

For the Thermal Coal subindustry, Asia Green Energy 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.

Asia Green Energy PCL's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Asia Green Energy PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Green Energy PCL's Debt-to-Equity falls into.

Asia Green Energy PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Green Energy PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(2006.492	+	1609.349)	/	3342.289
	=	1.08

Asia Green Energy PCL's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1793.439	+	1569.284)	/	3220.45
	=	1.04

Asia Green Energy PCL (BKK:AGE) 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.

Asia Green Energy PCL Debt-to-Equity Related Terms

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Asia Green Energy PCL (BKK:AGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Asia Green Energy PCL (BKK:AGE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

273/1 Rama II Road, Samaedum, Bangkhuntien, Bangkok, THA, 10150

Website

http://www.agecoal.com

Asia Green Energy PCL is engaged in the distribution of coal for industrial use. The company's operation consists of importing and distributing the business of clean Bituminous coal from Indonesia and distributing it both inside and outside the country. The company is organized into business units based on its products and services and has two segments, the Coal business segment, and the Logistic business. The company earns maximum revenue from the coal business.