Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) Equity-to-Asset : 0.47 (As of Dec. 2023)

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What is Tofas Turk Otomobil Fabrikasi AS Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tofas Turk Otomobil Fabrikasi AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺36,880 Mil. Tofas Turk Otomobil Fabrikasi AS's Total Assets for the quarter that ended in Dec. 2023 was ₺78,667 Mil. Therefore, Tofas Turk Otomobil Fabrikasi AS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.47.

The historical rank and industry rank for Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset or its related term are showing as below:

IST:TOASO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.27 Max: 0.47
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Tofas Turk Otomobil Fabrikasi AS was 0.47. The lowest was 0.23. And the median was 0.27.

IST:TOASO's Equity-to-Asset is ranked better than
51.57% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs IST:TOASO: 0.47

Tofas Turk Otomobil Fabrikasi AS Equity-to-Asset Historical Data

The historical data trend for Tofas Turk Otomobil Fabrikasi AS'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.

Tofas Turk Otomobil Fabrikasi AS Equity-to-Asset Chart

Tofas Turk Otomobil Fabrikasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.23

0.25

0.35

0.47

Tofas Turk Otomobil Fabrikasi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.35	0.26	0.32	0.37	0.47

Competitive Comparison of Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset

For the Auto Manufacturers subindustry, Tofas Turk Otomobil Fabrikasi AS'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.

Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset falls into.

Tofas Turk Otomobil Fabrikasi AS 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.

Tofas Turk Otomobil Fabrikasi AS'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
	=	36879.584	/	78667.295
	=	0.47

Tofas Turk Otomobil Fabrikasi AS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	36879.584	/	78667.295
	=	0.47

Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) 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%.

Tofas Turk Otomobil Fabrikasi AS Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Tofas Turk Otomobil Fabrikasi AS's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.tofas.com.tr

Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance.

Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) Headlines

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