Thai Union Feedmill PCL (BKK:TFM) Equity-to-Asset : 0.68 (As of Mar. 2024)

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What is Thai Union Feedmill PCL Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thai Union Feedmill PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,347 Mil. Thai Union Feedmill PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿3,451 Mil. Therefore, Thai Union Feedmill PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.68.

The historical rank and industry rank for Thai Union Feedmill PCL's Equity-to-Asset or its related term are showing as below:

BKK:TFM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.66 Max: 0.74
Current: 0.68

During the past 7 years, the highest Equity to Asset Ratio of Thai Union Feedmill PCL was 0.74. The lowest was 0.47. And the median was 0.66.

BKK:TFM's Equity-to-Asset is ranked better than
70.12% of 1921 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs BKK:TFM: 0.68

Thai Union Feedmill PCL Equity-to-Asset Historical Data

The historical data trend for Thai Union Feedmill 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.

* Premium members only.

Thai Union Feedmill PCL Equity-to-Asset Chart

Thai Union Feedmill PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.47

0.54

0.66

0.69

0.67

Thai Union Feedmill PCL Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial														0.67	0.66	0.68	0.67	0.68

Competitive Comparison of Thai Union Feedmill PCL's Equity-to-Asset

For the Farm Products subindustry, Thai Union Feedmill 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.

Thai Union Feedmill PCL's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Feedmill PCL's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Thai Union Feedmill PCL's Equity-to-Asset falls into.

Thai Union Feedmill 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.

Thai Union Feedmill PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2227.909	/	3320.699
	=	0.67

Thai Union Feedmill PCL'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
	=	2347.313	/	3451.106
	=	0.68

Thai Union Feedmill PCL (BKK:TFM) 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%.

Thai Union Feedmill PCL Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Thai Union Feedmill PCL's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Union Feedmill PCL (BKK:TFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Feedmill PCL (BKK:TFM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000

Website

https://www.thaiunionfeedmill.com

Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically it exports to Pakistan and others and drives key revenue from Thailand.