Thai Oil PCL (BKK:TOP-R) Debt-to-Equity : 1.06 (As of Mar. 2025)

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What is Thai Oil PCL Debt-to-Equity?

Thai Oil PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ฿9,170 Mil. Thai Oil PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ฿162,934 Mil. Thai Oil PCL's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ฿162,828 Mil. Thai Oil PCL's debt to equity for the quarter that ended in Mar. 2025 was 1.06.

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

BKK:TOP-R' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 1.05 Max: 1.65
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Oil PCL was 1.65. The lowest was 0.54. And the median was 1.05.

BKK:TOP-R's Debt-to-Equity is ranked worse than
74.06% of 821 companies
in the Oil & Gas industry
Industry Median: 0.43 vs BKK:TOP-R: 1.06

Thai Oil PCL Debt-to-Equity Historical Data

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

Thai Oil PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.35

1.64

1.26

1.11

1.07

Thai Oil 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															1.12	1.12	1.04	1.07	1.06

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

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thai Oil PCL's Debt-to-Equity distribution charts can be found below:

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

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Thai Oil PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Oil 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
	=	(9346.423	+	165008.083)	/	163446.333
	=	1.07

Thai Oil 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
	=	(9169.795	+	162933.652)	/	162828.444
	=	1.06

Thai Oil PCL (BKK:TOP-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.

Thai Oil PCL Debt-to-Equity Related Terms

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

Thai Oil PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Thai Oil PCL (BKK:TOP-R) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOIPY:USA TOIPF:USA TOP:Thailand LQZ1:Germany

Address

Vibhavadi Rangsit Road, 555/1 Energy Complex, 11th Floor, Building A, Chatuchak Subdistrict, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL operates an integrated business in oil refining and petrochemicals. Along with oil refinery and distributions, the company has also expanded into other related businesses including petrochemicals-aromatics and olefin chain, lube base oil, etc. In addition, there are also ethanol and supporting businesses such as pipeline transportation, ethanol, recruitment services for Thaioil and subsidiaries, as well as treasury center to enhance Thaioil and subsidiaries. Along with its subsidiaries, the company operates in the following reportable segments; Oil refinery, which derives key revenue, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. Geographically, it derives key revenue from Thailand, followed by Indonesia and other regions.

Thai Oil PCL Headlines

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