Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Thantawan Industry PCL's Total Liabilities for the quarter that ended in Mar. 2026 was ฿1,336 Mil. Thantawan Industry PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿4,172 Mil.
Therefore, Thantawan Industry PCL's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2026 was 0.32.
Thantawan Industry PCL (BKK:THIP-R) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thantawan Industry PCL Liabilities-to-Assets Related Terms
Thantawan Industry PCL Liabilities-to-Assets Historical Data
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The historical data trend for Thantawan Industry PCL's Liabilities-to-Assets 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.
Thantawan Industry PCL Liabilities-to-Assets Chart
BKK:THIP-R vs SW, PKG, AMCR: Liabilities-to-Assets Comparison
For the Packaging & Containers subindustry, Thantawan Industry PCL's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
Thantawan Industry PCL Liabilities-to-Assets vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Thantawan Industry PCL's Liabilities-to-Assets falls into.
Thantawan Industry PCL Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Thantawan Industry PCL's Liabilities-to-Assets 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.
Thantawan Industry PCL (BKK:THIP-R) has a Liabilities-to-Assets of 0.32 as of Mar. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Thantawan Industry PCL and its competitors.
Is Thantawan Industry PCL's Liabilities-to-Assets too high?
Thantawan Industry PCL's current Liabilities-to-Assets is 0.32. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Liabilities-to-Assets compare to SW and PKG?
Thantawan Industry PCL's Liabilities-to-Assets of 0.32 can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Packaging & Containers company?
A good Liabilities-to-Assets depends on the Packaging & Containers industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Thantawan Industry PCL and its competitors. Thantawan Industry PCL's current Liabilities-to-Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Liabilities-to-Assets of 0.32. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Liabilities-to-Assets is 0.32. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Thantawan Industry PCL (BKK:THIP-R), the current Liabilities-to-Assets is 0.32 as of Mar. 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
Liabilities-to-Assets: 0.32
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
Get the complete analysis for BKK:THIP-R
Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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