Thai Mui PCL (BKK:THMUI) Debt-to-Equity : 0.55 (As of Mar. 2024)

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What is Thai Mui PCL Debt-to-Equity?

Thai Mui PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿102.4 Mil. Thai Mui PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿96.0 Mil. Thai Mui PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿364.4 Mil. Thai Mui PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.54.

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

BKK:THMUI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.43 Max: 4.73
Current: 0.55

During the past 10 years, the highest Debt-to-Equity Ratio of Thai Mui PCL was 4.73. The lowest was 0.02. And the median was 0.43.

BKK:THMUI's Debt-to-Equity is ranked worse than
55.56% of 135 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs BKK:THMUI: 0.55

Thai Mui PCL Debt-to-Equity Historical Data

The historical data trend for Thai Mui 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 Mui PCL Debt-to-Equity Chart

Thai Mui PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.45

0.57

Thai Mui PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.54	0.57	0.57	0.55

Competitive Comparison of Thai Mui PCL's Debt-to-Equity

For the Industrial Distribution subindustry, Thai Mui 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 Mui PCL's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Thai Mui PCL's Debt-to-Equity distribution charts can be found below:

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

Thai Mui PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Mui 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
	=	(109.493	+	101.03)	/	370.607
	=	0.57

Thai Mui PCL's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(102.412	+	96.006)	/	364.377
	=	0.54

Thai Mui PCL (BKK:THMUI) 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 Mui PCL Debt-to-Equity Related Terms

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

Thai Mui PCL (BKK:THMUI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Thai Mui Corp PCL (BKK:THMUI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

759 Chareonkrung Road, Taladnoi, Sumphantawong, Krung Thep Maha Nakhon, Bangkok, THA, 10100

Website

https://www.thaimui.co.th

Thai Mui Corp PCL is engaged in the retail and wholesale of ironware, wire rope saw, and pipe and provides loop wire rope and equipment installation and inspection and plumbing contractor project and construction of a water quality improvement business for a shrimp farm. Its products include Wire rope, Skate, Soft sling, and Spiral accelerator. The company's segments are Sales and service and Project work. The key revenue is derived from the sale of wire rope and lifting equipment including replacement and installation and to provide technical inspection, testing, and analysis equipment activity. The group operates in Thailand.

Thai Mui PCL (BKK:THMUI) Headlines

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