Toray Textiles (Thailand) PCL (BKK:TTT) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Toray Textiles (Thailand) PCL Debt-to-Equity?

Toray Textiles (Thailand) PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿42 Mil. Toray Textiles (Thailand) PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿265 Mil. Toray Textiles (Thailand) PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿7,135 Mil. Toray Textiles (Thailand) PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Toray Textiles (Thailand) PCL's Debt-to-Equity or its related term are showing as below:

BKK:TTT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.17
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of Toray Textiles (Thailand) PCL was 0.17. The lowest was 0.04. And the median was 0.05.

BKK:TTT's Debt-to-Equity is ranked better than
88.52% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BKK:TTT: 0.04

Toray Textiles (Thailand) PCL Debt-to-Equity Historical Data

The historical data trend for Toray Textiles (Thailand) 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.

Toray Textiles (Thailand) PCL Debt-to-Equity Chart

Toray Textiles (Thailand) PCL Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.17

0.05

0.04

Toray Textiles (Thailand) 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															0.05	0.05	0.05	0.05	0.04

Competitive Comparison of Toray Textiles (Thailand) PCL's Debt-to-Equity

For the Textile Manufacturing subindustry, Toray Textiles (Thailand) 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.

Toray Textiles (Thailand) PCL's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Textiles (Thailand) PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Toray Textiles (Thailand) PCL's Debt-to-Equity falls into.

Toray Textiles (Thailand) PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toray Textiles (Thailand) 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
	=	(41.737	+	265.462)	/	7134.855
	=	0.04

Toray Textiles (Thailand) 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
	=	(41.737	+	265.462)	/	7134.855
	=	0.04

Toray Textiles (Thailand) PCL (BKK:TTT) 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.

Toray Textiles (Thailand) PCL Debt-to-Equity Related Terms

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

Toray Textiles (Thailand) PCL (BKK:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Textiles (Thailand) PCL (BKK:TTT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Sathorn Road, 20 Bubhajit Building, 5th Floor, Silom Subdistrict, Bang Rak District, Bangkok, THA, 10500

Website

https://www.toray.co.th

Toray Textiles (Thailand) PCL operates as a textile business. The principal activities of the company are the manufacturing of textiles consisting of spun fabric, filament fabric, woven fabric, knitted fabric, and denim yarn; and an industrial material product consisting of cord for rubber material reinforcement, fabric for airbags, canvas and car seat fabric. Its operating segment includes Textile; and Industrial material products. It generates maximum revenue from the Textile segment. Geographically, it derives a majority of revenue from Thailand and also has a presence in Japan; Bangladesh; Vietnam; the United Arab Emirates, and Other Countries.

Toray Textiles (Thailand) PCL (BKK:TTT) Headlines

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