Thai Credit Bank PCL (BKK:CREDIT) Debt-to-Equity : 1.26 (As of Mar. 2024)

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What is Thai Credit Bank PCL Debt-to-Equity?

Thai Credit Bank PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0 Mil. Thai Credit Bank PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿25,006 Mil. Thai Credit Bank PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿19,829 Mil. Thai Credit Bank PCL's debt to equity for the quarter that ended in Mar. 2024 was 1.26.

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 Thai Credit Bank PCL's Debt-to-Equity or its related term are showing as below:

BKK:CREDIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.89 Max: 1.57
Current: 1.26

During the past 2 years, the highest Debt-to-Equity Ratio of Thai Credit Bank PCL was 1.57. The lowest was 0.15. And the median was 0.89.

BKK:CREDIT's Debt-to-Equity is ranked worse than
71.28% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs BKK:CREDIT: 1.26

Thai Credit Bank PCL Debt-to-Equity Historical Data

The historical data trend for Thai Credit Bank 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.

Thai Credit Bank PCL Debt-to-Equity Chart

Thai Credit Bank PCL Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.52

0.15

Thai Credit Bank PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.15	N/A	1.57	1.26

Competitive Comparison of Thai Credit Bank PCL's Debt-to-Equity

For the Banks - Regional subindustry, Thai Credit Bank 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.

Thai Credit Bank PCL's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Thai Credit Bank PCL's Debt-to-Equity falls into.

Thai Credit Bank PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Credit Bank PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	2121.138)	/	14381.577
	=	0.15

Thai Credit Bank 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
	=	(0	+	25006.442)	/	19828.82
	=	1.26

Thai Credit Bank PCL (BKK:CREDIT) 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.

Thai Credit Bank PCL Debt-to-Equity Related Terms

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Thai Credit Bank PCL (BKK:CREDIT) Business Description

Industry

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CREDIT-F:Thailand

Address

Website

Thai Credit Bank PCL is commercial bank in Thailand. It provides comprehensive financial and investment services and focuses on providing micro SME business loans (MSME) and Nano and Micro Finance to small business entrepreneurs.

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