T.C.J. Asia PCL (BKK:TCJ-R) Debt-to-Equity : 0.40 (As of Mar. 2025)

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What is T.C.J. Asia PCL Debt-to-Equity?

T.C.J. Asia PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ฿395 Mil. T.C.J. Asia PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ฿141 Mil. T.C.J. Asia PCL's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ฿1,339 Mil. T.C.J. Asia PCL's debt to equity for the quarter that ended in Mar. 2025 was 0.40.

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 T.C.J. Asia PCL's Debt-to-Equity or its related term are showing as below:

BKK:TCJ-R' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.53 Max: 0.88
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of T.C.J. Asia PCL was 0.88. The lowest was 0.36. And the median was 0.53.

BKK:TCJ-R's Debt-to-Equity is ranked worse than
53.19% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.35 vs BKK:TCJ-R: 0.40

T.C.J. Asia PCL Debt-to-Equity Historical Data

The historical data trend for T.C.J. Asia 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.

T.C.J. Asia PCL Debt-to-Equity Chart

T.C.J. Asia PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.50

0.53

0.42

0.40

0.38

T.C.J. Asia PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.39	0.36	0.38	0.40

Competitive Comparison of T.C.J. Asia PCL's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.

T.C.J. Asia PCL's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where T.C.J. Asia PCL's Debt-to-Equity falls into.

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T.C.J. Asia PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

T.C.J. Asia PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(338.093	+	177.911)	/	1354.857
	=	0.38

T.C.J. Asia PCL's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(395.36	+	140.966)	/	1338.684
	=	0.40

T.C.J. Asia PCL (BKK:TCJ-R) 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.

T.C.J. Asia PCL Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of T.C.J. Asia PCL's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

T.C.J. Asia PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » T.C.J. Asia PCL (BKK:TCJ-R) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCJ:Thailand

Address

3/4 Moo 9, Bangna-Trad Road (KM.18), Bang Chalong Subdistrict, Bang Plee District, Samutprakarn, THA, 10540

Website

https://www.tcjasia.com

T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.

T.C.J. Asia PCL Headlines

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