TOP Financial Group (TOP Financial Group) Equity-to-Asset : 0.91 (As of Sep. 2023)

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What is TOP Financial Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TOP Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $38.95 Mil. TOP Financial Group's Total Assets for the quarter that ended in Sep. 2023 was $42.91 Mil. Therefore, TOP Financial Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.91.

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

TOP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.73 Max: 0.91
Current: 0.91

During the past 4 years, the highest Equity to Asset Ratio of TOP Financial Group was 0.91. The lowest was 0.48. And the median was 0.73.

TOP's Equity-to-Asset is ranked better than
83.6% of 805 companies
in the Capital Markets industry
Industry Median: 0.5 vs TOP: 0.91

TOP Financial Group Equity-to-Asset Historical Data

The historical data trend for TOP Financial Group'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.

TOP Financial Group Equity-to-Asset Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.48

0.66

0.73

0.89

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.53	0.73	0.89	0.89	0.91

Competitive Comparison of TOP Financial Group's Equity-to-Asset

For the Capital Markets subindustry, TOP Financial Group'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.

TOP Financial Group's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where TOP Financial Group's Equity-to-Asset falls into.

TOP Financial Group 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.

TOP Financial Group'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
	=	35.951	/	40.284
	=	0.89

TOP Financial Group'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
	=	38.954	/	42.913
	=	0.91

TOP Financial Group (NAS:TOP) 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%.

TOP Financial Group Equity-to-Asset Related Terms

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TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.