JRW Utility PCL (BKK:JR) Debt-to-Equity: 0.06 (As of Mar. 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:JR JRW Utility PCL BKK:JR
69 GF Score
Price ฿1.82
GF Value ฿3.63
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is JRW Utility PCL Debt-to-Equity?

JRW Utility PCL BKK:JR +1.11% 69 Debt-to-Equity is 0.06 as of Mar. 2026, which is 20% above its 10-year median of 0.05. GuruFocus rates BKK:JR with a GF Score™ of 69/100 and a GF Value™ of ฿3.63 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,616 Construction companies, JRW Utility PCL ranks better than 85.83% on this metric.

JRW Utility PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿96 Mil. JRW Utility PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿2 Mil. JRW Utility PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿1,762 Mil. JRW Utility PCL's debt to equity for the quarter that ended in Mar. 2026 was 0.06.

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 JRW Utility PCL's Debt-to-Equity or its related term are showing as below:

BKK:JR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 0.21
Current: 0.06

During the past 9 years, the highest Debt-to-Equity Ratio of JRW Utility PCL was 0.21. The lowest was 0.00. And the median was 0.05.

BKK:JR's Debt-to-Equity is ranked better than
85.83% of 1616 companies
in the Construction industry
Industry Median: 0.4 vs BKK:JR: 0.06

JRW Utility PCL  (BKK:JR) 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.


JRW Utility PCL Debt-to-Equity Related Terms


JRW Utility PCL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for JRW Utility 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.

JRW Utility PCL Debt-to-Equity Chart

JRW Utility PCL Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.00 0.21 0.09 0.07 0.12

JRW Utility 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-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.17 0.19 0.12 0.06

BKK:JR vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, JRW Utility 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.


JRW Utility PCL Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, JRW Utility PCL's Debt-to-Equity distribution charts can be found below:

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


BKK:JR
69GF Score
JRW Utility PCL BKK:JR
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JRW Utility PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JRW Utility PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

JRW Utility PCL's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.06 mean?
JRW Utility PCL (BKK:JR) has a Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on JRW Utility PCL and its competitors. This is 20% above median its historical median of 0.05. According to the industry distribution chart, JRW Utility PCL ranks #229 out of 1616 companies in the Construction industry, placing it in the top 14.2%.
Is JRW Utility PCL's Debt-to-Equity too high?
JRW Utility PCL's current Debt-to-Equity of 0.06 is 20% above median its 10-year median of 0.05. The Construction industry median Debt-to-Equity is 0.40. JRW Utility PCL's value of 0.06 is 85% below this industry median. Based on the distribution chart, JRW Utility PCL ranks #229 out of 1616 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, JRW Utility PCL has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JRW Utility PCL's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, JRW Utility PCL ranks #229 out of 1616 companies for Debt-to-Equity. This places JRW Utility PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. JRW Utility PCL's value of 0.06 is 85% below this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.40, JRW Utility PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,616 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JRW Utility PCL's current Debt-to-Equity of 0.06 is 85% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on JRW Utility PCL and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JRW Utility PCL's current Debt-to-Equity is 0.06, which is 20% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JRW Utility PCL stock overvalued right now?
Based on GuruFocus' analysis, JRW Utility PCL (BKK:JR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.63, compared to a current price of ฿1.82 — trading 49.9% below its estimated fair value. The current Debt-to-Equity is 0.06, which is 20% above median its 10-year median of 0.05 and 85% below the Construction industry median of 0.40. JRW Utility PCL's overall GF Score™ is 69/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For JRW Utility PCL (BKK:JR), the current Debt-to-Equity is 0.06 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 JRW Utility PCL (BKK:JR) Overvalued in 2026?

Based on GuruFocus' analysis, JRW Utility PCL stock appears to be undervalued. The current stock price of ฿1.82 is trading 49.9% below its estimated GF Value™ of ฿3.63. GuruFocus considers JRW Utility PCL to be Possible Value Trap.

Key valuation signals for BKK:JR:

  • Debt-to-Equity: 0.06 (20% above median its 10-year median of 0.05)
  • GF Value™: ฿3.63 vs. price of ฿1.82 (49.9% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 85% below the Construction median (#229 of 1616)

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


JRW Utility PCL Business Description

Address Soi Ramindra 65, Ramindra Road, Tharang, 32/288-290, Moo 8, Bangkhen, Bangkok, THA, 10230
JRW Utility PCL is principally engaged in the contractor, consultation, installation, repair, inspection, trading, and distribution of tools, equipment, and materials relating to electricity, civil, mechanical, electronic, security equipment, and all types of telecommunications systems. It is organized into two reportable segments: the Sales of Goods segment and the Contract Services segment. A vast majority of its revenues is generated from the Contract Services segment. The company operates in Thailand only.
69GF Score

Get the complete analysis for BKK:JR

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

฿1.82
Price
฿3.63
GF Value