K.W. Metal Work PCL (BKK:KWM) Debt-to-Equity: 0.13 (As of Jun. 2026) — 41% Below 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:KWM K.W. Metal Work PCL BKK:KWM
54 GF Score
Price ฿0.85
GF Value ฿0.74
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is K.W. Metal Work PCL Debt-to-Equity?

K.W. Metal Work PCL BKK:KWM -1.16% 54 Debt-to-Equity is 0.13 as of Jun. 2026, which is 41% below its 10-year median of 0.22. GuruFocus rates BKK:KWM with a GF Score™ of 54/100 and a GF Value™ of ฿0.74 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 186 Farm & Heavy Construction Machinery companies, K.W. Metal Work PCL ranks better than 75.81% on this metric.

K.W. Metal Work PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿51.2 Mil. K.W. Metal Work PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ฿18.6 Mil. K.W. Metal Work PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿520.5 Mil. K.W. Metal Work PCL's debt to equity for the quarter that ended in Jun. 2026 was 0.13.

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 K.W. Metal Work PCL's Debt-to-Equity or its related term are showing as below:

BKK:KWM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12   Med: 0.22   Max: 0.51
Current: 0.13

During the past 11 years, the highest Debt-to-Equity Ratio of K.W. Metal Work PCL was 0.51. The lowest was 0.12. And the median was 0.22.

BKK:KWM's Debt-to-Equity is ranked better than
75.81% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.355 vs BKK:KWM: 0.13

K.W. Metal Work PCL  (BKK:KWM) 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.


K.W. Metal Work PCL Debt-to-Equity Related Terms


K.W. Metal Work PCL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for K.W. Metal Work 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.

K.W. Metal Work PCL Debt-to-Equity Chart

K.W. Metal Work PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.25 0.16 0.23 0.14

K.W. Metal Work PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.18 0.12 0.14 0.15 0.13

BKK:KWM vs CAT, DE, PCAR: Debt-to-Equity Comparison

For the Farm & Heavy Construction Machinery subindustry, K.W. Metal Work 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.


K.W. Metal Work PCL Debt-to-Equity vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, K.W. Metal Work PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where K.W. Metal Work PCL's Debt-to-Equity falls into.


BKK:KWM
54GF Score
K.W. Metal Work PCL BKK:KWM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K.W. Metal Work PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

K.W. Metal Work PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

K.W. Metal Work PCL's Debt to Equity Ratio for the quarter that ended in Jun. 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 0.13 mean?
K.W. Metal Work PCL (BKK:KWM) has a Debt-to-Equity of 0.13 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on K.W. Metal Work PCL and its competitors. This is 41% below median its historical median of 0.22. Over the past decade, K.W. Metal Work PCL's Debt-to-Equity has ranged from 0.12 to 0.51. According to the industry distribution chart, K.W. Metal Work PCL ranks #45 out of 186 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 24.2%.
Is K.W. Metal Work PCL's Debt-to-Equity too high?
K.W. Metal Work PCL's current Debt-to-Equity of 0.13 is 41% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.51. The Farm & Heavy Construction Machinery industry median Debt-to-Equity is 0.36. K.W. Metal Work PCL's value of 0.13 is 63.4% below this industry median. Based on the distribution chart, K.W. Metal Work PCL ranks #45 out of 186 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, K.W. Metal Work PCL has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does K.W. Metal Work PCL's Debt-to-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, K.W. Metal Work PCL ranks #45 out of 186 companies for Debt-to-Equity. This places K.W. Metal Work PCL in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.36. K.W. Metal Work PCL's value of 0.13 is 63.4% below this benchmark. Historically, K.W. Metal Work PCL's own Debt-to-Equity has ranged from 0.12 to 0.51 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.36, K.W. Metal Work 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 Farm & Heavy Construction Machinery company?
The median Debt-to-Equity among Farm & Heavy Construction Machinery companies is 0.36, based on 186 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. K.W. Metal Work PCL's current Debt-to-Equity of 0.13 is 63.4% 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 K.W. Metal Work PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K.W. Metal Work PCL's current Debt-to-Equity is 0.13, which is 41% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K.W. Metal Work PCL stock overvalued right now?
Based on GuruFocus' analysis, K.W. Metal Work PCL (BKK:KWM) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.74, compared to a current price of ฿0.85 — trading 14.9% above its estimated fair value. The current Debt-to-Equity is 0.13, which is 41% below median its 10-year median of 0.22 and 63.4% below the Farm & Heavy Construction Machinery industry median of 0.36. K.W. Metal Work PCL's overall GF Score™ is 54/100 with 9 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 K.W. Metal Work PCL (BKK:KWM), the current Debt-to-Equity is 0.13 as of Jun. 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 K.W. Metal Work PCL (BKK:KWM) Overvalued in 2026?

Based on GuruFocus' analysis, K.W. Metal Work PCL stock appears to be overvalued. The current stock price of ฿0.85 is trading 14.9% above its estimated GF Value™ of ฿0.74. GuruFocus considers K.W. Metal Work PCL to be Modestly Overvalued.

Key valuation signals for BKK:KWM:

  • Debt-to-Equity: 0.13 (41% below median its 10-year median of 0.22)
  • GF Value™: ฿0.74 vs. price of ฿0.85 (14.9% above fair value)
  • GF Score™: 54/100 with 9 warning signs
  • Industry Position: 63.4% below the Farm & Heavy Construction Machinery median (#45 of 186)

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


K.W. Metal Work PCL Business Description

Address 259/83, Sukhumvit 71 Road, Phrakanong-nuea, Wattana, Bangkok, THA, 10110
K.W. Metal Work PCL is engaged in the manufacturing and sales of parts and accessories for farm machinery. It manufactures and distributes agricultural equipment such as Blade, Screw Flight, Rotary Blade, Dozer blades, and others. It has two operating segments; Sales of parts and accessories for farm machinery, Letting of equipment for extraction of a substance from Hemp and Marijuana; and Sales of substances extracted and raw materials processed from agricultural plants, and sales of products from herbal. Key revenue is earned from the sales of parts and accessories for farm machinery.
54GF Score

Get the complete analysis for BKK:KWM

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

฿0.85
Price
฿0.74
GF Value