Indong Tea Co (BOM:543769) Equity-to-Asset : 0.74 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Indong Tea Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Indong Tea Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹488.6 Mil. Indong Tea Co's Total Assets for the quarter that ended in Mar. 2024 was ₹659.7 Mil. Therefore, Indong Tea Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.74.

The historical rank and industry rank for Indong Tea Co's Equity-to-Asset or its related term are showing as below:

BOM:543769' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.73 Max: 0.8
Current: 0.74

During the past 5 years, the highest Equity to Asset Ratio of Indong Tea Co was 0.80. The lowest was 0.41. And the median was 0.73.

BOM:543769's Equity-to-Asset is ranked better than
78.58% of 1933 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs BOM:543769: 0.74

Indong Tea Co Equity-to-Asset Historical Data

The historical data trend for Indong Tea Co'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.

Indong Tea Co Equity-to-Asset Chart

Indong Tea Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.41

0.57

0.73

0.80

0.74

Indong Tea Co Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.73	0.68	0.80	0.77	0.74

Competitive Comparison of Indong Tea Co's Equity-to-Asset

For the Farm Products subindustry, Indong Tea Co'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.

Indong Tea Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indong Tea Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Indong Tea Co's Equity-to-Asset falls into.

Indong Tea Co 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.

Indong Tea Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	488.638	/	659.736
	=	0.74

Indong Tea Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	488.638	/	659.736
	=	0.74

Indong Tea Co (BOM:543769) 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%.

Indong Tea Co Equity-to-Asset Related Terms

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

Indong Tea Co (BOM:543769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indong Tea Co Ltd (BOM:543769) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4/1, Middleton Street, Sikkim Commerce House, Kolkata, WB, IND, 700071

Website

https://www.indongteaco.com

Indong Tea Co Ltd is engaged in the manufacturing of Tea. Its product portfolio includes CTC (Crush/Cut, Tear, Curl) / Black Tea, and Dairy Unit.

Indong Tea Co (BOM:543769) Headlines

No Headlines