TPT Global Tech (TPT Global Tech) Equity-to-Asset : -68.20 (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is TPT Global Tech Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TPT Global Tech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-92.68 Mil. TPT Global Tech's Total Assets for the quarter that ended in Sep. 2023 was $1.36 Mil. Therefore, TPT Global Tech's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -68.20.

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

TPTW' s Equity-to-Asset Range Over the Past 10 Years
Min: -128.53 Med: -1.6 Max: 0.04
Current: -68.2

During the past 13 years, the highest Equity to Asset Ratio of TPT Global Tech was 0.04. The lowest was -128.53. And the median was -1.60.

TPTW's Equity-to-Asset is ranked worse than
100% of 2484 companies
in the Hardware industry
Industry Median: 0.57 vs TPTW: -68.20

TPT Global Tech Equity-to-Asset Historical Data

The historical data trend for TPT Global Tech'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.

TPT Global Tech Equity-to-Asset Chart

TPT Global Tech Annual Data

Trend

Dec04

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

Get a 7-Day Free Trial

-0.55

-1.22

-2.22

-2.92

-86.50

TPT Global Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															-4.54	-86.50	-107.61	-128.53	-68.20

Competitive Comparison of TPT Global Tech's Equity-to-Asset

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where TPT Global Tech's Equity-to-Asset falls into.

TPT Global Tech 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.

TPT Global Tech's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-91.168	/	1.054
	=	-86.50

TPT Global Tech'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
	=	-92.68	/	1.359
	=	-68.20

TPT Global Tech (OTCPK:TPTW) 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%.

TPT Global Tech Equity-to-Asset Related Terms

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

TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).