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Thanachart Capital PCLTHNVF 44 Equity-to-Asset is 0.53 as of Jun. 2026, which is 23% above its 10-year median of 0.43. GuruFocus rates THNVF with a GF Score™ of 44/100 and a GF Value™ of $0.71. The stock has 6 warning signs investors should review. Among 549 Credit Services companies, Thanachart Capital PCL ranks better than 61.2% on this metric.
Thanachart Capital PCL (OTCPK:THNVF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Thanachart Capital PCL Equity-to-Asset Related Terms
Thanachart Capital PCL Equity-to-Asset Historical Data
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The historical data trend for Thanachart Capital PCL's Equity-to-Asset 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.
For the Credit Services subindustry, Thanachart Capital PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Thanachart Capital PCL Equity-to-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Thanachart Capital PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thanachart Capital PCL's Equity-to-Asset falls into.
Thanachart Capital PCL Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Thanachart Capital PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Thanachart Capital PCL (THNVF) has a Equity-to-Asset of 0.53 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thanachart Capital PCL and its competitors. This is 23% above median its historical median of 0.43. Over the past decade, Thanachart Capital PCL's Equity-to-Asset has ranged from 0.06 to 0.53. According to the industry distribution chart, Thanachart Capital PCL ranks #213 out of 549 companies in the Credit Services industry, placing it in the top 38.8%.
Is Thanachart Capital PCL's Equity-to-Asset too high?
Thanachart Capital PCL's current Equity-to-Asset of 0.53 is 23% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.53. The Credit Services industry median Equity-to-Asset is 0.40. Thanachart Capital PCL's value of 0.53 is 32.5% above this industry median. Based on the distribution chart, Thanachart Capital PCL ranks #213 out of 549 companies in the Credit Services industry, which is above the industry midpoint. Overall, Thanachart Capital PCL has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Equity-to-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Thanachart Capital PCL ranks #213 out of 549 companies for Equity-to-Asset. This puts Thanachart Capital PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.40. Thanachart Capital PCL's value of 0.53 is 32.5% above this benchmark. Historically, Thanachart Capital PCL's own Equity-to-Asset has ranged from 0.06 to 0.53 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.40, Thanachart Capital PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Credit Services company?
The median Equity-to-Asset among Credit Services companies is 0.40, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thanachart Capital PCL's current Equity-to-Asset of 0.53 is 32.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thanachart Capital PCL and its competitors. For the Credit Services industry, the median Equity-to-Asset is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanachart Capital PCL's current Equity-to-Asset is 0.53, which is 23% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Thanachart Capital PCL (THNVF) has a current Equity-to-Asset of 0.53. The stock's GF Value™ is $0.71, compared to a current price of $1.08 — trading 52.1% above its estimated fair value. The current Equity-to-Asset is 0.53, which is 23% above median its 10-year median of 0.43 and 32.5% above the Credit Services industry median of 0.40. Thanachart Capital PCL's overall GF Score™ is 44/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Thanachart Capital PCL (THNVF), the current Equity-to-Asset is 0.53 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thanachart Capital PCL (THNVF) Overvalued in 2026?
Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued.
The current stock price of $1.08 is trading 52.1% above its estimated GF Value™ of $0.71.
Key valuation signals for THNVF:
Equity-to-Asset: 0.53 (23% above median its 10-year median of 0.43)
GF Value™: $0.71 vs. price of $1.08 (52.1% above fair value)
Industry Position: 32.5% above the Credit Services median (#213 of 549)
No single metric tells the full story. See the THNVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
44GF Score
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