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Next Capital PCLBKK:NCAP-R -0.77%67 Equity-to-Asset is 0.49 as of Jun. 2026, which is 7% above its 10-year median of 0.46. GuruFocus rates BKK:NCAP-R with a GF Score™ of 67/100 and a GF Value™ of ฿2.83 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 549 Credit Services companies, Next Capital PCL ranks better than 57.92% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Next Capital PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿5,559 Mil. Next Capital PCL's Total Assets for the quarter that ended in Jun. 2026 was ฿11,294 Mil.
Therefore, Next Capital PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.49.
The historical rank and industry rank for Next Capital PCL's Equity-to-Asset or its related term are showing as below:
BKK:NCAP-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.46 Max: 0.51
Current: 0.49
During the past 8 years, the highest Equity to Asset Ratio of Next Capital PCL was 0.51. The lowest was 0.26. And the median was 0.46.
BKK:NCAP-R's Equity-to-Asset is ranked better than 57.92% of 549
companies
in the Credit Services industry
Industry Median: 0.4
vs BKK:NCAP-R: 0.49
Next Capital PCL (BKK:NCAP-R) 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%.
Next Capital PCL Equity-to-Asset Related Terms
Next Capital PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Next Capital PCL'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.
BKK:NCAP-R vs V, MA, AXP: Equity-to-Asset Comparison
For the Credit Services subindustry, Next Capital PCL'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.
Next Capital PCL Equity-to-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Next Capital PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Next Capital PCL's Equity-to-Asset falls into.
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.
Next Capital PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
Next Capital PCL (BKK:NCAP-R) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Next Capital PCL and its competitors. This is near median its historical median of 0.46. Over the past decade, Next Capital PCL's Equity-to-Asset has ranged from 0.26 to 0.51. According to the industry distribution chart, Next Capital PCL ranks #231 out of 549 companies in the Credit Services industry, placing it in the top 42.1%.
Is Next Capital PCL's Equity-to-Asset too high?
Next Capital PCL's current Equity-to-Asset of 0.49 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.51. The Credit Services industry median Equity-to-Asset is 0.40. Next Capital PCL's value of 0.49 is 22.5% above this industry median. Based on the distribution chart, Next Capital PCL ranks #231 out of 549 companies in the Credit Services industry, which is above the industry midpoint. Overall, Next Capital PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's Equity-to-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Next Capital PCL ranks #231 out of 549 companies for Equity-to-Asset. This puts Next Capital PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.40. Next Capital PCL's value of 0.49 is 22.5% above this benchmark. Historically, Next Capital PCL's own Equity-to-Asset has ranged from 0.26 to 0.51 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.40, Next Capital PCL has consistently been above 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 Equity-to-Asset for a Credit Services company?
The median Equity-to-Asset among Credit Services companies is 0.40, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Next Capital PCL's current Equity-to-Asset of 0.49 is 22.5% above 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Next Capital PCL and its competitors. For the Credit Services industry, the median Equity-to-Asset is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Capital PCL's current Equity-to-Asset is 0.49, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP-R) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.83, compared to a current price of ฿3.61 — trading 27.4% above its estimated fair value. The current Equity-to-Asset is 0.49, which is near median its 10-year median of 0.46 and 22.5% above the Credit Services industry median of 0.40. Next Capital PCL's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Next Capital PCL (BKK:NCAP-R), the current Equity-to-Asset is 0.49 as of Jun. 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 Next Capital PCL (BKK:NCAP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Next Capital PCL stock appears to be overvalued.
The current stock price of ฿3.61 is trading 27.4% above its estimated GF Value™ of ฿2.83.
GuruFocus considers Next Capital PCL to be Modestly Overvalued.
Key valuation signals for BKK:NCAP-R:
Equity-to-Asset: 0.49 (near median its 10-year median of 0.46)
GF Value™: ฿2.83 vs. price of ฿3.61 (27.4% above fair value)
Industry Position: 22.5% above the Credit Services median (#231 of 549)
No single metric tells the full story. See the BKK:NCAP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
67GF Score
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