Thai Union Feedmill PCL (BKK:TFM) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Thai Union Feedmill PCL Debt-to-Equity?

Thai Union Feedmill PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿78 Mil. Thai Union Feedmill PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿66 Mil. Thai Union Feedmill PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿2,228 Mil. Thai Union Feedmill PCL's debt to equity for the quarter that ended in Dec. 2023 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 Thai Union Feedmill PCL's Debt-to-Equity or its related term are showing as below:

BKK:TFM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.47
Current: 0.07

During the past 7 years, the highest Debt-to-Equity Ratio of Thai Union Feedmill PCL was 0.47. The lowest was 0.03. And the median was 0.10.

BKK:TFM's Debt-to-Equity is ranked better than
85.65% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs BKK:TFM: 0.07

Thai Union Feedmill PCL Debt-to-Equity Historical Data

The historical data trend for Thai Union Feedmill 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.

Thai Union Feedmill PCL Debt-to-Equity Chart

Thai Union Feedmill PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.28

0.10

0.03

0.07

Thai Union Feedmill PCL Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.03	0.05	0.05	0.07	0.07

Competitive Comparison of Thai Union Feedmill PCL's Debt-to-Equity

For the Farm Products subindustry, Thai Union Feedmill 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.

Thai Union Feedmill PCL's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Feedmill PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thai Union Feedmill PCL's Debt-to-Equity falls into.

Thai Union Feedmill PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Union Feedmill 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
	=	(78.387	+	65.503)	/	2227.909
	=	0.06

Thai Union Feedmill 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
	=	(78.387	+	65.503)	/	2227.909
	=	0.06

Thai Union Feedmill PCL (BKK:TFM) 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.

Thai Union Feedmill PCL Debt-to-Equity Related Terms

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Thai Union Feedmill PCL (BKK:TFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Feedmill PCL (BKK:TFM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000

Website

https://www.thaiunionfeedmill.com

Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically it exports to Pakistan and others and drives key revenue from Thailand.