Ngern Tid Lor PCL (BKK:TIDLOR) Debt-to-Equity : 2.42 (As of Mar. 2024)

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What is Ngern Tid Lor PCL Debt-to-Equity?

Ngern Tid Lor PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿30,897 Mil. Ngern Tid Lor PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿40,563 Mil. Ngern Tid Lor PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿29,508 Mil. Ngern Tid Lor PCL's debt to equity for the quarter that ended in Mar. 2024 was 2.42.

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

BKK:TIDLOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.78 Med: 2.27 Max: 3.97
Current: 2.42

During the past 5 years, the highest Debt-to-Equity Ratio of Ngern Tid Lor PCL was 3.97. The lowest was 1.78. And the median was 2.27.

BKK:TIDLOR's Debt-to-Equity is ranked worse than
67.29% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BKK:TIDLOR: 2.42

Ngern Tid Lor PCL Debt-to-Equity Historical Data

The historical data trend for Ngern Tid Lor 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.

Ngern Tid Lor PCL Debt-to-Equity Chart

Ngern Tid Lor PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.97

3.38

1.87

2.23

2.43

Ngern Tid Lor PCL Quarterly Data
	Sep19	Dec19	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													2.27	2.32	2.35	2.43	2.42

Competitive Comparison of Ngern Tid Lor PCL's Debt-to-Equity

For the Credit Services subindustry, Ngern Tid Lor 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.

Ngern Tid Lor PCL's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ngern Tid Lor PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ngern Tid Lor PCL's Debt-to-Equity falls into.

Ngern Tid Lor PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ngern Tid Lor 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
	=	(32775.411	+	36204.446)	/	28423.517
	=	2.43

Ngern Tid Lor 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
	=	(30896.749	+	40562.808)	/	29507.876
	=	2.42

Ngern Tid Lor PCL (BKK:TIDLOR) 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.

Ngern Tid Lor PCL Debt-to-Equity Related Terms

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Ngern Tid Lor PCL (BKK:TIDLOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ngern Tid Lor PCL (BKK:TIDLOR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

70V0:Germany

Address

428 Ari Hills Building, Phaholyothin Road, 9th - 15th Floor, Samsen Nai Subdistrict, Phaya Thai District, Bangkok, THA, 10400

Website

https://www.ngerntidlor.com

Ngern Tid Lor PCL provides loans and hires purchases for all types of vehicles, non-life insurance brokers, and life insurance brokers. The company's segment includes Non-life insurance broker and Hire-purchase and lending services. It generates maximum revenue from the Hire-purchase and lending services segment.

Ngern Tid Lor PCL (BKK:TIDLOR) Headlines

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