Ratchthani Leasing PCLBKK:THANI-R 60 Debt-to-Equity is 1.70 as of Mar. 2026, which is 51% below its 10-year median of 3.46. GuruFocus rates BKK:THANI-R with a GF Score™ of 60/100 and a GF Value™ of ฿2.75. The stock has 7 warning signs investors should review. Among 452 Credit Services companies, Ratchthani Leasing PCL ranks worse than 57.3% 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 Ratchthani Leasing PCL's Debt-to-Equity or its related term are showing as below:
BKK:THANI-R'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.7 Med: 3.46 Max: 6.06
Current: 1.7
During the past 13 years, the highest Debt-to-Equity Ratio of Ratchthani Leasing PCL was 6.06. The lowest was 1.70. And the median was 3.46.
BKK:THANI-R's Debt-to-Equity is ranked worse than 57.3% of 452
companies
in the Credit Services industry
Industry Median: 1.225
vs BKK:THANI-R: 1.70
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.
Ratchthani Leasing PCL Debt-to-Equity Related Terms
Ratchthani Leasing PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ratchthani Leasing 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.
BKK:THANI-R vs V, MA, AXP: Debt-to-Equity Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL Debt-to-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing 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.
Ratchthani Leasing PCL (BKK:THANI-R) has a Debt-to-Equity of 1.70 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ratchthani Leasing PCL and its competitors. This is 51% below median its historical median of 3.46. Over the past decade, Ratchthani Leasing PCL's Debt-to-Equity has ranged from 1.70 to 6.06. According to the industry distribution chart, Ratchthani Leasing PCL ranks #259 out of 452 companies in the Credit Services industry, placing it in the top 57.3%.
Is Ratchthani Leasing PCL's Debt-to-Equity too high?
Ratchthani Leasing PCL's current Debt-to-Equity of 1.70 is 51% below median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 6.06. The Credit Services industry median Debt-to-Equity is 1.23. Ratchthani Leasing PCL's value of 1.70 is 38.8% above this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #259 out of 452 companies in the Credit Services industry, which is below the industry midpoint. Overall, Ratchthani Leasing PCL has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's Debt-to-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #259 out of 452 companies for Debt-to-Equity. This places Ratchthani Leasing PCL in the lower half of its industry. The industry median Debt-to-Equity is 1.23. Ratchthani Leasing PCL's value of 1.70 is 38.8% above this benchmark. Historically, Ratchthani Leasing PCL's own Debt-to-Equity has ranged from 1.70 to 6.06 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 1.23, Ratchthani Leasing PCL has consistently been above 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 Credit Services company?
The median Debt-to-Equity among Credit Services companies is 1.23, based on 452 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. Ratchthani Leasing PCL's current Debt-to-Equity of 1.70 is 38.8% above 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 Ratchthani Leasing PCL and its competitors. For the Credit Services industry, the median Debt-to-Equity is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratchthani Leasing PCL's current Debt-to-Equity is 1.70, which is 51% below median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current Debt-to-Equity of 1.70. The stock's GF Value™ is ฿2.75, compared to a current price of ฿2.94 — trading 6.9% above its estimated fair value. The current Debt-to-Equity is 1.70, which is 51% below median its 10-year median of 3.46 and 38.8% above the Credit Services industry median of 1.23. Ratchthani Leasing PCL's overall GF Score™ is 60/100 with 7 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 Ratchthani Leasing PCL (BKK:THANI-R), the current Debt-to-Equity is 1.70 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 6.9% above its estimated GF Value™ of ฿2.75.
Key valuation signals for BKK:THANI-R:
Debt-to-Equity: 1.70 (51% below median its 10-year median of 3.46)
GF Value™: ฿2.75 vs. price of ฿2.94 (6.9% above fair value)
Industry Position: 38.8% above the Credit Services median (#259 of 452)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
60GF Score
Get the complete analysis for BKK:THANI-R
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:THANI-R has been successfully added to your 
