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Gul Ahmed Textile Mills (KAR:GATM) Equity-to-Asset : 0.31 (As of Mar. 2024)


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What is Gul Ahmed Textile Mills Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gul Ahmed Textile Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨44,875 Mil. Gul Ahmed Textile Mills's Total Assets for the quarter that ended in Mar. 2024 was ₨146,834 Mil. Therefore, Gul Ahmed Textile Mills's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.31.

The historical rank and industry rank for Gul Ahmed Textile Mills's Equity-to-Asset or its related term are showing as below:

KAR:GATM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.19   Med: 0.28   Max: 0.32
Current: 0.31

During the past 13 years, the highest Equity to Asset Ratio of Gul Ahmed Textile Mills was 0.32. The lowest was 0.19. And the median was 0.28.

KAR:GATM's Equity-to-Asset is ranked worse than
78.13% of 1079 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs KAR:GATM: 0.31

Gul Ahmed Textile Mills Equity-to-Asset Historical Data

The historical data trend for Gul Ahmed Textile Mills'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.

* Premium members only.

Gul Ahmed Textile Mills Equity-to-Asset Chart

Gul Ahmed Textile Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.20 0.28 0.30 0.32

Gul Ahmed Textile Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.32 0.30 0.31 0.31

Competitive Comparison of Gul Ahmed Textile Mills's Equity-to-Asset

For the Textile Manufacturing subindustry, Gul Ahmed Textile Mills'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.


Gul Ahmed Textile Mills's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gul Ahmed Textile Mills's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Gul Ahmed Textile Mills's Equity-to-Asset falls into.



Gul Ahmed Textile Mills 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.

Gul Ahmed Textile Mills's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=42565.591/133641.737
=0.32

Gul Ahmed Textile Mills's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=44875.244/146833.918
=0.31

* 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.


Gul Ahmed Textile Mills  (KAR:GATM) 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%.


Gul Ahmed Textile Mills Equity-to-Asset Related Terms

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Gul Ahmed Textile Mills (KAR:GATM) Business Description

Traded in Other Exchanges
N/A
Address
Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120
Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

Gul Ahmed Textile Mills (KAR:GATM) Headlines

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