Thai Rayon PCL (BKK:TR) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Thai Rayon PCL Debt-to-Equity?

Thai Rayon PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿31 Mil. Thai Rayon PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1 Mil. Thai Rayon PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿30,237 Mil. Thai Rayon PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Thai Rayon PCL was 0.13. The lowest was 0.00. And the median was 0.01.

BKK:TR's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43
* Ranked among companies with meaningful Debt-to-Equity only.

Thai Rayon PCL Debt-to-Equity Historical Data

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

Thai Rayon PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

Thai Rayon 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															0.01	-	-	-	-

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

For the Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Debt-to-Equity distribution charts can be found below:

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

Thai Rayon PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thai Rayon PCL's Debt to Equity Ratio for the fiscal year 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
	=	(31.285	+	1.019)	/	30236.863
	=	0.00

Thai Rayon 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
	=	(31.285	+	1.019)	/	30236.863
	=	0.00

Thai Rayon PCL (BKK:TR) 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 Rayon PCL Debt-to-Equity Related Terms

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Thai Rayon PCL (BKK:TR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Rayon PCL (BKK:TR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.thairayon.com

Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.