Top Glove Bhd (Top Glove Bhd) Debt-to-Equity : 0.10 (As of Feb. 2024)

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What is Top Glove Bhd Debt-to-Equity?

Top Glove Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $111.9 Mil. Top Glove Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $5.2 Mil. Top Glove Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $1,215.6 Mil. Top Glove Bhd's debt to equity for the quarter that ended in Feb. 2024 was 0.10.

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 Top Glove Bhd's Debt-to-Equity or its related term are showing as below:

TPGVF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.98
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Top Glove Bhd was 0.98. The lowest was 0.06. And the median was 0.20.

TPGVF's Debt-to-Equity is ranked better than
66.9% of 713 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TPGVF: 0.10

Top Glove Bhd Debt-to-Equity Historical Data

The historical data trend for Top Glove Bhd'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.

Top Glove Bhd Debt-to-Equity Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

0.09

0.07

0.06

0.10

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.10	0.10	0.10	0.10

Competitive Comparison of Top Glove Bhd's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.

Top Glove Bhd's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Top Glove Bhd's Debt-to-Equity falls into.

Top Glove Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Top Glove Bhd's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 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
	=	(117.613	+	8.631)	/	1278.012
	=	0.10

Top Glove Bhd's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(111.876	+	5.198)	/	1215.62
	=	0.10

Top Glove Bhd (OTCPK:TPGVF) 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.

Top Glove Bhd Debt-to-Equity Related Terms

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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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