Top Glove Bhd (Top Glove Bhd) Equity-to-Asset : 0.83 (As of Feb. 2024)

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What is Top Glove Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Top Glove Bhd's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $1,215.6 Mil. Top Glove Bhd's Total Assets for the quarter that ended in Feb. 2024 was $1,468.1 Mil. Therefore, Top Glove Bhd's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.83.

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

TPGVF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.67 Max: 0.86
Current: 0.83

During the past 13 years, the highest Equity to Asset Ratio of Top Glove Bhd was 0.86. The lowest was 0.44. And the median was 0.67.

TPGVF's Equity-to-Asset is ranked better than
79.77% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs TPGVF: 0.83

Top Glove Bhd Equity-to-Asset Historical Data

The historical data trend for Top Glove Bhd'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 Glove Bhd Equity-to-Asset Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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0.45

0.71

0.73

0.83

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
Equity-to-Asset	Get a 7-Day Free Trial															0.85	0.84	0.83	0.83	0.83

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

For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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 Glove Bhd's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

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

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

Top Glove Bhd 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 Glove Bhd's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1278.012	/	1532.16
	=	0.83

Top Glove Bhd's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1215.62	/	1468.052
	=	0.83

Top Glove Bhd (OTCPK:TPGVF) 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 Glove Bhd Equity-to-Asset Related Terms

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

Top Glove Bhd (Top Glove Bhd) Business Description

Industry

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

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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