Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Turnall Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ZWL69,068 Mil. Turnall Holdings's Total Assets for the quarter that ended in Jun. 2023 was ZWL96,291 Mil.
Therefore, Turnall Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.72.
The historical rank and industry rank for Turnall Holdings's Equity-to-Asset or its related term are showing as below:
XZIM:TURN.ZW'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.71 Max: 0.75
Current: 0.72
During the past 7 years, the highest Equity to Asset Ratio of Turnall Holdings was 0.75. The lowest was 0.26. And the median was 0.71.
XZIM:TURN.ZW's Equity-to-Asset is ranked better than 86.63% of 1683
companies
in the Construction industry
Industry Median: 0.45
vs XZIM:TURN.ZW: 0.72
Turnall Holdings Equity-to-Asset Historical Data
The historical data trend for Turnall Holdings'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.
Competitive Comparison of Turnall Holdings's Equity-to-Asset
For the Building Products & Equipment subindustry, Turnall Holdings'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.
Turnall Holdings's Equity-to-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Turnall Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Turnall Holdings's Equity-to-Asset falls into.
Turnall Holdings 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.
Turnall Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
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%.
Turnall Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Turnall Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Turnall Holdings (XZIM:TURN.ZW) Business Description
Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, and Concrete tiles. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.
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