Modernform Group PCL (BKK:MODERN) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Modernform Group PCL Debt-to-Equity?

Modernform Group PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿208 Mil. Modernform Group PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿23 Mil. Modernform Group PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿2,299 Mil. Modernform Group PCL's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

BKK:MODERN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.15
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Modernform Group PCL was 0.15. The lowest was 0.05. And the median was 0.11.

BKK:MODERN's Debt-to-Equity is ranked better than
78.53% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs BKK:MODERN: 0.10

Modernform Group PCL Debt-to-Equity Historical Data

The historical data trend for Modernform Group 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.

Modernform Group PCL Debt-to-Equity Chart

Modernform Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.11

0.12

0.13

0.10

Modernform Group PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.14	0.11	0.11	0.10

Competitive Comparison of Modernform Group PCL's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.

Modernform Group PCL's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Debt-to-Equity distribution charts can be found below:

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

Modernform Group PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modernform Group 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
	=	(207.574	+	22.712)	/	2299.237
	=	0.10

Modernform Group PCL's Debt to Equity Ratio for the quarter 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
	=	(207.574	+	22.712)	/	2299.237
	=	0.10

Modernform Group PCL (BKK:MODERN) 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.

Modernform Group PCL Debt-to-Equity Related Terms

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

Modernform Group PCL (BKK:MODERN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

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