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Globetronics Technology Bhd (Globetronics Technology Bhd) Equity-to-Asset : 0.93 (As of Mar. 2024)


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What is Globetronics Technology Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Globetronics Technology Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $64.39 Mil. Globetronics Technology Bhd's Total Assets for the quarter that ended in Mar. 2024 was $69.11 Mil. Therefore, Globetronics Technology Bhd's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.93.

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

GBTKF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.68   Med: 0.87   Max: 0.93
Current: 0.93

During the past 13 years, the highest Equity to Asset Ratio of Globetronics Technology Bhd was 0.93. The lowest was 0.68. And the median was 0.87.

GBTKF's Equity-to-Asset is ranked better than
95.31% of 1002 companies
in the Semiconductors industry
Industry Median: 0.63 vs GBTKF: 0.93

Globetronics Technology Bhd Equity-to-Asset Historical Data

The historical data trend for Globetronics Technology 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.

Globetronics Technology Bhd Equity-to-Asset Chart

Globetronics Technology Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.89 0.90 0.92 0.92

Globetronics Technology Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset 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 0.93 0.92 0.92 0.92 0.93

Competitive Comparison of Globetronics Technology Bhd's Equity-to-Asset

For the Semiconductors subindustry, Globetronics Technology 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.


Globetronics Technology Bhd's Equity-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Globetronics Technology Bhd's Equity-to-Asset distribution charts can be found below:

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



Globetronics Technology 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.

Globetronics Technology Bhd's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=66.151/72.143
=0.92

Globetronics Technology Bhd'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
=64.386/69.108
=0.93

* 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.


Globetronics Technology Bhd  (OTCPK:GBTKF) 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%.


Globetronics Technology Bhd Equity-to-Asset Related Terms

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Globetronics Technology Bhd (Globetronics Technology Bhd) Business Description

Traded in Other Exchanges
Address
Plot 2, Phase 4, Free Industrial Zone, Bayan Lepas, PNG, MYS, 11900
Globetronics Technology Bhd develops and manufactures integrated circuits, light-emitting diode components, encoders and sensors, quartz crystal products, timing devices, and related products. Sensors are the leading revenue contributor for the company. Globetronics builds its sensors and encoders for a variety of automation and industrial applications. Sales volume is also significantly dependent on revenue generated from quartz crystal and timing devices. These devices are used in a multitude of electronic products, such as mobile devices, GPS, and PCs. Sales are primarily in Malaysia, Singapore and United States markets.

Globetronics Technology Bhd (Globetronics Technology Bhd) Headlines

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