SPCG PCLBKK:SPCG-R 64 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates BKK:SPCG-R with a GF Score™ of 64/100 and a GF Value™ of ฿6.00. The stock has 8 warning signs investors should review. Among 392 Utilities - Independent Power Producers companies, SPCG PCL ranks worse than 255101.79% on this metric.
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 SPCG PCL's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of SPCG PCL was 2.03. The lowest was 0.00. And the median was 0.28.
BKK:SPCG-R's Debt-to-Equity is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 0.85 * Ranked among companies with meaningful Debt-to-Equity only.
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.
SPCG PCL Debt-to-Equity Related Terms
SPCG PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SPCG 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.
For the Utilities - Renewable subindustry, SPCG 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.
SPCG PCL Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SPCG PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SPCG PCL's Debt-to-Equity falls into.
* 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.
SPCG PCL (BKK:SPCG-R) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SPCG PCL and its competitors. According to the industry distribution chart, SPCG PCL ranks #999999 out of 392 companies in the Utilities - Independent Power Producers industry.
Is SPCG PCL's Debt-to-Equity too high?
SPCG PCL's current Debt-to-Equity is 0.00. Based on the distribution chart, SPCG PCL ranks #999999 out of 392 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, SPCG PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does SPCG PCL's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SPCG PCL ranks #999999 out of 392 companies for Debt-to-Equity. This places SPCG PCL in the lower half of its industry. The industry median Debt-to-Equity is 0.85. 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 an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.85, based on 392 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. 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 SPCG PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPCG PCL's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPCG PCL stock overvalued right now?
SPCG PCL (BKK:SPCG-R) has a current Debt-to-Equity of 0.00. The stock's GF Value™ is ฿6.00, compared to a current price of ฿8.85 — trading 47.5% above its estimated fair value. The current Debt-to-Equity is 0.00. SPCG PCL's overall GF Score™ is 64/100 with 8 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 SPCG PCL (BKK:SPCG-R), the current Debt-to-Equity is 0.00 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 SPCG PCL (BKK:SPCG-R) Overvalued in 2026?
Based on GuruFocus' analysis, SPCG PCL stock appears to be overvalued.
The current stock price of ฿8.85 is trading 47.5% above its estimated GF Value™ of ฿6.00.
Key valuation signals for BKK:SPCG-R:
Debt-to-Equity: 0.00
GF Value™: ฿6.00 vs. price of ฿8.85 (47.5% above fair value)
No single metric tells the full story. See the BKK:SPCG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPCG PCL is a holding company. The principal activities and reportable segments of the group are one production and distribution of electricity from solar energy, second the manufacture, trading, and installation service of roof sheets and solar roof, and Others. The majority of revenue is generated from the Production and distribution of electricity from solar energy.
64GF Score
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