Top Glove Bhd (FRA:5OU) Debt-to-Equity: 0.18 (As of May. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:5OU Top Glove Corp Bhd FRA:5OU
74 GF Score
Price €0.49
GF Value €0.92
! 3 Warning Signs
View Full Analysis

What is Top Glove Bhd Debt-to-Equity?

Top Glove Bhd FRA:5OU 74 Debt-to-Equity is 0.18 as of May. 2026, which is at its 10-year median of 0.18. GuruFocus rates FRA:5OU with a GF Score™ of 74/100 and a GF Value™ of €0.92. The stock has 3 warning signs investors should review. Among 706 Medical Devices & Instruments companies, Top Glove Bhd ranks better than 55.38% on this metric.

Top Glove Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €8.8 Mil. Top Glove Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €178.1 Mil. Top Glove Bhd's Total Stockholders Equity for the quarter that ended in May. 2026 was €1,042.5 Mil. Top Glove Bhd's debt to equity for the quarter that ended in May. 2026 was 0.18.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FRA:5OU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.18   Max: 0.98
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Top Glove Bhd was 0.98. The lowest was 0.06. And the median was 0.18.

FRA:5OU's Debt-to-Equity is ranked better than
55.38% of 706 companies
in the Medical Devices & Instruments industry
Industry Median: 0.23 vs FRA:5OU: 0.18

Top Glove Bhd  (FRA:5OU) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Top Glove Bhd Debt-to-Equity Related Terms


Top Glove Bhd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Top Glove Bhd's Debt-to-Equity 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.

Top Glove Bhd Debt-to-Equity Chart

Top Glove Bhd Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.06 0.10 0.07 0.18

Top Glove Bhd Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.18 0.19 0.18 0.18

FRA:5OU vs ISRG, BDX, MDLN: Debt-to-Equity Comparison

For the Medical Instruments & Supplies subindustry, Top Glove Bhd's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Medical Devices & Instruments Industry

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

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


FRA:5OU
74GF Score
Top Glove Corp Bhd FRA:5OU
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Glove Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Top Glove Bhd's Debt to Equity Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Top Glove Bhd's Debt to Equity Ratio for the quarter that ended in May. 2026 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.18 mean?
Top Glove Bhd (FRA:5OU) has a Debt-to-Equity of 0.18 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Top Glove Bhd and its competitors. This is near median its historical median of 0.18. Over the past decade, Top Glove Bhd's Debt-to-Equity has ranged from 0.06 to 0.98. According to the industry distribution chart, Top Glove Bhd ranks #315 out of 706 companies in the Medical Devices & Instruments industry, placing it in the top 44.6%.
Is Top Glove Bhd's Debt-to-Equity too high?
Top Glove Bhd's current Debt-to-Equity of 0.18 is near median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.98. The Medical Devices & Instruments industry median Debt-to-Equity is 0.23. Top Glove Bhd's value of 0.18 is 21.7% below this industry median. Based on the distribution chart, Top Glove Bhd ranks #315 out of 706 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Top Glove Bhd has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Top Glove Bhd's Debt-to-Equity compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Top Glove Bhd ranks #315 out of 706 companies for Debt-to-Equity. This puts Top Glove Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.23. Top Glove Bhd's value of 0.18 is 21.7% below this benchmark. Historically, Top Glove Bhd's own Debt-to-Equity has ranged from 0.06 to 0.98 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.23, Top Glove Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Medical Devices & Instruments company?
The median Debt-to-Equity among Medical Devices & Instruments companies is 0.23, based on 706 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Glove Bhd's current Debt-to-Equity of 0.18 is 21.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Top Glove Bhd and its competitors. For the Medical Devices & Instruments industry, the median Debt-to-Equity is 0.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Glove Bhd's current Debt-to-Equity is 0.18, which is near median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Glove Bhd stock overvalued right now?
Top Glove Bhd (FRA:5OU) has a current Debt-to-Equity of 0.18. The stock's GF Value™ is €0.92, compared to a current price of €0.49 — trading 46.7% below its estimated fair value. The current Debt-to-Equity is 0.18, which is near median its 10-year median of 0.18 and 21.7% below the Medical Devices & Instruments industry median of 0.23. Top Glove Bhd's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Top Glove Bhd (FRA:5OU), the current Debt-to-Equity is 0.18 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Top Glove Bhd (FRA:5OU) Overvalued in 2026?

Based on GuruFocus' analysis, Top Glove Bhd stock appears to be undervalued. The current stock price of €0.49 is trading 46.7% below its estimated GF Value™ of €0.92.

Key valuation signals for FRA:5OU:

  • Debt-to-Equity: 0.18 (near median its 10-year median of 0.18)
  • GF Value™: €0.92 vs. price of €0.49 (46.7% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 21.7% below the Medical Devices & Instruments median (#315 of 706)

No single metric tells the full story. See the FRA:5OU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Top Glove Bhd Business Description

Address 16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170
Top Glove Corp Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and sales of gloves through several product lines to diverse customers in various countries. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. It serves various sectors including healthcare, industrial, and Food and Beverage sectors. The company has four reportable operating segments based on its geographical areas: Malaysia, Thailand, People's Republic of China and Others. The majority of revenue is generated from Malaysia.
74GF Score

Get the complete analysis for FRA:5OU

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.49
Price
€0.92
GF Value