Top companies in Thailand by Debt to Equity Ratio

This ranking features the top 259 companies in Thailand ranked by Debt to Equity Ratio, averaging a Debt to Equity Ratio of 0.74, for January 15, 2025.

Thailand

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#	Name	Debt to Equity Ratio	Reported Date	Stock Price	Change	Country
1	Synergetic Auto Performance Public Company Limited 1 ASAP.BK	6.88	Dec. 31, 2023	USD 0.05	-1.60%	Thailand
2	True Corporation Public Company Limited 2 TRUE.BK	5.57	Dec. 31, 2023	USD 0.34	6.40%	Thailand
3	NFC Public Company Limited 3 NFC.BK	4.12	Dec. 31, 2023	USD 0.04	2.69%	Thailand
4	Dusit Thani Public Company Limited 4 DUSIT.BK	4.05	Dec. 31, 2023	USD 0.29	0.03%	Thailand
5	BTS Group Holdings Public Company Limited 5 BTS.BK	4.01	March 31, 2024	USD 0.17	-4.13%	Thailand
6	CP ALL Public Company Limited 6 CPALL.BK	3.85	Dec. 31, 2023	USD 1.57	0.03%	Thailand
7	Muangthai Capital Public Company Limited 7 MTC.BK	3.60	Dec. 31, 2023	USD 1.25	-1.10%	Thailand
8	Areeya Property Public Company Limited 8 A.BK	3.47	Dec. 31, 2023	USD 0.14	-0.21%	Thailand
9	Advanced Info Service Public Company Limited 9 ADVANC.BK	2.68	Dec. 31, 2023	USD 8.18	0.74%	Thailand
10	Phatra Leasing Public Company Limited 10 PL.BK	2.65	Dec. 31, 2023	USD 0.04	-2.69%	Thailand
11	AEON Thana Sinsap (Thailand) Public Company Limited 11 AEONTS.BK	2.58	Feb. 29, 2024	USD 3.22	-4.24%	Thailand
12	Minor International Public Company Limited 12 MINT.BK	2.58	Dec. 31, 2023	USD 0.68	-1.23%	Thailand
13	Srisawad Capital 1969 Public Company Limited 13 SCAP.BK	2.49	Dec. 31, 2023	USD 0.04	-5.81%	Thailand
14	Gulf Energy Development Public Company Limited 14 GULF.BK	2.44	Dec. 31, 2023	USD 1.68	0.47%	Thailand
15	Bangkok Aviation Fuel Services Public Company Limited 15 BAFS.BK	2.44	Dec. 31, 2023	USD 0.29	-1.45%	Thailand
16	Major Development Public Company Limited 16 MJD.BK	2.43	Dec. 31, 2023	USD 0.03	1.87%	Thailand
17	Ngern Tid Lor Public Company Limited 17 TIDLOR.BK	2.43	Dec. 31, 2023	USD 0.43	-1.27%	Thailand
18	The Erawan Group Public Company Limited 18 ERW.BK	2.42	Dec. 31, 2023	USD 0.09	-2.42%	Thailand
19	BG Container Glass Public Company Limited 19 BGC.BK	2.33	Dec. 31, 2023	USD 0.20	-1.38%	Thailand
20	Internet Thailand Public Company Limited 20 INET.BK	2.27	Dec. 31, 2023	USD 0.13	-6.66%	Thailand
21	Charoen Pokphand Foods Public Company Limited 21 CPF.BK	2.15	Dec. 31, 2023	USD 0.63	0.96%	Thailand
22	Central Retail Corporation Public Company Limited 22 CRC.BK	2.08	Dec. 31, 2023	USD 0.95	-2.19%	Thailand
23	Jasmine Technology Solution Public Company Limited 23 JTS.BK	2.07	Dec. 31, 2023	USD 1.84	-1.13%	Thailand
24	Chaoprayamahanakorn Public Company Limited 24 CMC.BK	2.04	Dec. 31, 2023	USD 0.03	1.03%	Thailand
25	Sub Sri Thai Public Company Limited 25 SST.BK	2.00	Dec. 31, 2023	USD 0.11	-0.21%	Thailand
26	Bangchak Corporation Public Company Limited 26 BCP.BK	1.95	Dec. 31, 2023	USD 0.96	0.79%	Thailand
27	Thaifoods Group Public Company Limited 27 TFG.BK	1.91	Dec. 31, 2023	USD 0.10	1.86%	Thailand
28	Krungthai Card Public Company Limited 28 KTC.BK	1.88	Dec. 31, 2023	USD 1.44	0.03%	Thailand
29	M.K. Real Estate Development Public Company Limited 29 MK.BK	1.87	Dec. 31, 2023	USD 0.04	-0.63%	Thailand
30	A.J. Plast Public Company Limited 30 AJ.BK	1.85	Dec. 31, 2023	USD 0.08	-7.45%	Thailand
31	Bangkok Airways Public Company Limited 31 BA.BK	1.72	Dec. 31, 2023	USD 0.56	-0.98%	Thailand
32	Banpu Public Company Limited 32 BANPU.BK	1.71	Dec. 31, 2023	USD 0.15	-3.64%	Thailand
33	TMT Steel Public Company Limited 33 TMT.BK	1.57	Dec. 31, 2023	USD 0.09	1.40%	Thailand
34	TPI Polene Public Company Limited 34 TPIPL.BK	1.56	Dec. 31, 2023	USD 0.03	-0.94%	Thailand
35	Indorama Ventures Public Company Limited 35 IVL.BK	1.55	Dec. 31, 2023	USD 0.65	-0.84%	Thailand
36	Kiatnakin Phatra Bank Public Company Limited 36 KKP.BK	1.53	Dec. 31, 2023	USD 1.48	-2.80%	Thailand
37	Siamgas and Petrochemicals Public Company Limited 37 SGP.BK	1.53	Dec. 31, 2023	USD 0.21	0.03%	Thailand
38	Asia Plus Group Holdings Public Company Limited 38 ASP.BK	1.51	Dec. 31, 2023	USD 0.07	0.91%	Thailand
39	IT City Public Company Limited 39 IT.BK	1.51	Dec. 31, 2023	USD 0.12	-3.65%	Thailand
40	KGI Securities (Thailand) Public Company Limited 40 KGI.BK	1.47	Dec. 31, 2023	USD 0.12	-0.44%	Thailand
41	Jay Mart Public Company Limited 41 JMART.BK	1.42	Dec. 31, 2023	USD 0.32	-3.45%	Thailand
42	Frasers Property (Thailand) Public Company Limited 42 FPT.BK	1.41	Sept. 30, 2024	USD 0.29	-2.88%	Thailand
43	Sahacogen (Chonburi) Public Company Limited 43 SCG.BK	1.40	Dec. 31, 2023	USD 0.10	-1.73%	Thailand
44	Chayo Group Public Company Limited 44 CHAYO.BK	1.40	Dec. 31, 2023	USD 0.07	-1.58%	Thailand
45	Land and Houses Public Company Limited 45 LH.BK	1.38	Dec. 31, 2023	USD 0.14	-0.80%	Thailand
46	Sahathai Terminal Public Company Limited 46 PORT.BK	1.36	Dec. 31, 2023	USD 0.03	-4.13%	Thailand
47	Tirathai Public Company Limited 47 TRT.BK	1.34	Dec. 31, 2023	USD 0.10	-1.08%	Thailand
48	Central Pattana Public Company Limited 48 CPN.BK	1.34	Dec. 31, 2023	USD 1.51	-1.37%	Thailand
49	Krungthai Car Rent and Lease Public Company Limited 49 KCAR.BK	1.32	Dec. 31, 2023	USD 0.13	-0.41%	Thailand
50	Varopakorn Public Company Limited 50 VARO.BK	1.31	Dec. 31, 2023	USD 0.12	-0.46%	Thailand

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Frequently Asked Questions

Which company in Thailand has the highest Debt to Equity Ratio ?

The company in Thailand with the highest Debt to Equity Ratio is Synergetic Auto Performance Public Company Limited (Thailand Stock Exchange: ASAP.BK) at 6.88.
Which company in Thailand has the lowest Debt to Equity Ratio ?

The company in Thailand with the lowest Debt to Equity Ratio is Zapp Electric Vehicles Group Limited (NasdaqCM: ZAPP) at -0.28.

What are the top 10 companies in Thailand by Debt to Equity Ratio ?

The top 10 companies in Thailand by Debt to Equity Ratio are Synergetic Auto Performance Public Company Limited, True Corporation Public Company Limited, NFC Public Company Limited, Dusit Thani Public Company Limited, BTS Group Holdings Public Company Limited, CP ALL Public Company Limited, Muangthai Capital Public Company Limited, Areeya Property Public Company Limited, Advanced Info Service Public Company Limited and Phatra Leasing Public Company Limited.
What are the bottom 10 companies in Thailand by Debt to Equity Ratio ?

The bottom 10 companies in Thailand by Debt to Equity Ratio are Zapp Electric Vehicles Group Limited, Sahamit Machinery Public Company Limited, Shangri-La Hotel Public Company Limited, Thai Stanley Electric Public Company Limited, Thaitheparos Public Company Limited, Thai Life Insurance Public Company Limited, Inoue Rubber (Thailand) Public Company Limited, Birla Carbon (Thailand) Public Company Limited, Thai Mitsuwa Public Company Limited and International Network System Public Company Limited.