Top Line Business DevelopmentPHS:TOP +2.53%6 Equity-to-Asset is 0.32 as of Mar. 2026, which is at its 10-year median of 0.32. GuruFocus rates PHS:TOP with a GF Score™ of 6/100. The stock has 2 warning signs investors should review. Among 1,127 Retail - Cyclical companies, Top Line Business Development ranks worse than 69.03% on this metric.
The historical rank and industry rank for Top Line Business Development's Equity-to-Asset or its related term are showing as below:
PHS:TOP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.32 Max: 0.41
Current: 0.32
During the past 5 years, the highest Equity to Asset Ratio of Top Line Business Development was 0.41. The lowest was 0.18. And the median was 0.32.
PHS:TOP's Equity-to-Asset is ranked worse than 69.03% of 1127
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs PHS:TOP: 0.32
Top Line Business Development (PHS:TOP) 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%.
Top Line Business Development Equity-to-Asset Related Terms
Top Line Business Development Equity-to-Asset Historical Data
* 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 Line Business Development Equity-to-Asset Chart
PHS:TOP vs CASY, WSM, DKS: Equity-to-Asset Comparison
For the Specialty Retail subindustry, Top Line Business Development'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.
Top Line Business Development Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Top Line Business Development's Equity-to-Asset falls into.
Top Line Business Development 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.
* 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 Line Business Development (PHS:TOP) has a Equity-to-Asset of 0.32 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Top Line Business Development and its competitors. This is near median its historical median of 0.32. Over the past decade, Top Line Business Development's Equity-to-Asset has ranged from 0.18 to 0.41. According to the industry distribution chart, Top Line Business Development ranks #778 out of 1127 companies in the Retail - Cyclical industry, placing it in the top 69%.
Is Top Line Business Development's Equity-to-Asset too high?
Top Line Business Development's current Equity-to-Asset of 0.32 is near median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.41. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Top Line Business Development's value of 0.32 is 27.3% below this industry median. Based on the distribution chart, Top Line Business Development ranks #778 out of 1127 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Top Line Business Development has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Equity-to-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #778 out of 1127 companies for Equity-to-Asset. This places Top Line Business Development in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Top Line Business Development's value of 0.32 is 27.3% below this benchmark. Historically, Top Line Business Development's own Equity-to-Asset has ranged from 0.18 to 0.41 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.44, Top Line Business Development 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 Equity-to-Asset for a Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,127 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. Top Line Business Development's current Equity-to-Asset of 0.32 is 27.3% 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 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current Equity-to-Asset is 0.32, which is near median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Equity-to-Asset of 0.32. The current Equity-to-Asset is 0.32, which is near median its 10-year median of 0.32 and 27.3% below the Retail - Cyclical industry median of 0.44. Top Line Business Development's overall GF Score™ is 6/100 with 2 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 Top Line Business Development (PHS:TOP), the current Equity-to-Asset is 0.32 as of Mar. 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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