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The historical rank and industry rank for TGI Solar Power Group's Equity-to-Asset or its related term are showing as below:
TSPG's Equity-to-Asset is not ranked *
in the Semiconductors industry.
Industry Median: 0.63 * Ranked among companies with meaningful Equity-to-Asset only.
TGI Solar Power Group (OTCPK:TSPG) 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%.
TGI Solar Power Group Equity-to-Asset Related Terms
TGI Solar Power Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TGI Solar Power Group'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.
TGI Solar Power Group Equity-to-Asset Chart
TGI Solar Power Group Annual Data
Trend
Jul15
Jul16
Jul17
Jul22
Jul23
Equity-to-Asset
0.00
0.91
-89.00
-2.23
-2.46
TGI Solar Power Group Semi-Annual Data
Jul15
Jul16
Jul17
Jul22
Jul23
Equity-to-Asset
0.00
0.91
-89.00
-2.23
-2.46
TSPG vs ASTI, PTOS, GSLR: Equity-to-Asset Comparison
For the Solar subindustry, TGI Solar Power Group'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.
TGI Solar Power Group Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, TGI Solar Power Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TGI Solar Power Group'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.
TGI Solar Power Group's Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 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.
TGI Solar Power Group (TSPG) has a Equity-to-Asset of -2.46 as of Jul. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's Equity-to-Asset too high?
TGI Solar Power Group's current Equity-to-Asset is -2.46.
How does TGI Solar Power Group's Equity-to-Asset compare to ASTI and PTOS?
TGI Solar Power Group's Equity-to-Asset of -2.46 can be compared against companies in the Semiconductors industry. The industry median Equity-to-Asset is 0.63. 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 Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.63, based on 1,034 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. 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 TGI Solar Power Group and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current Equity-to-Asset is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current Equity-to-Asset of -2.46. The current Equity-to-Asset is -2.46. 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 TGI Solar Power Group (TSPG), the current Equity-to-Asset is -2.46 as of Jul. 2023. 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.
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.
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