Technopack Polymers (BOM:543656) Equity-to-Asset : 0.71 (As of Sep. 2023)

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What is Technopack Polymers Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Technopack Polymers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹180.8 Mil. Technopack Polymers's Total Assets for the quarter that ended in Sep. 2023 was ₹254.8 Mil. Therefore, Technopack Polymers's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.71.

The historical rank and industry rank for Technopack Polymers's Equity-to-Asset or its related term are showing as below:

BOM:543656' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.32 Max: 0.84
Current: 0.71

During the past 4 years, the highest Equity to Asset Ratio of Technopack Polymers was 0.84. The lowest was 0.17. And the median was 0.32.

BOM:543656's Equity-to-Asset is ranked better than
73.85% of 390 companies
in the Packaging & Containers industry
Industry Median: 0.555 vs BOM:543656: 0.71

Technopack Polymers Equity-to-Asset Historical Data

The historical data trend for Technopack Polymers'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.

Technopack Polymers Equity-to-Asset Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.27

0.17

0.32

0.84

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.17	0.32	-	0.84	0.71

Competitive Comparison of Technopack Polymers's Equity-to-Asset

For the Packaging & Containers subindustry, Technopack Polymers'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.

Technopack Polymers's Equity-to-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Technopack Polymers's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Technopack Polymers's Equity-to-Asset falls into.

Technopack Polymers 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.

Technopack Polymers's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	170.886	/	204.21
	=	0.84

Technopack Polymers's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	180.825	/	254.783
	=	0.71

Technopack Polymers (BOM:543656) 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%.

Technopack Polymers Equity-to-Asset Related Terms

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Technopack Polymers (BOM:543656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preforms.

Technopack Polymers (BOM:543656) Headlines

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