Glostrext Bhd (XKLS:0284) Equity-to-Asset : 0.83 (As of Mar. 2023)

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What is Glostrext Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Glostrext Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2023 was RM55.32 Mil. Glostrext Bhd's Total Assets for the quarter that ended in Mar. 2023 was RM66.49 Mil. Therefore, Glostrext Bhd's Equity to Asset Ratio for the quarter that ended in Mar. 2023 was 0.83.

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

XKLS:0284' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.65 Max: 0.83
Current: 0.83

During the past 4 years, the highest Equity to Asset Ratio of Glostrext Bhd was 0.83. The lowest was 0.58. And the median was 0.65.

XKLS:0284's Equity-to-Asset is ranked better than
95.13% of 1685 companies
in the Construction industry
Industry Median: 0.44 vs XKLS:0284: 0.83

Glostrext Bhd Equity-to-Asset Historical Data

The historical data trend for Glostrext 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.

Glostrext Bhd Equity-to-Asset Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.58

0.60

0.69

0.83

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Equity-to-Asset	0.58	0.60	0.69	0.83

Competitive Comparison of Glostrext Bhd's Equity-to-Asset

For the Engineering & Construction subindustry, Glostrext 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.

Glostrext Bhd's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Glostrext Bhd's Equity-to-Asset distribution charts can be found below:

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

Glostrext 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.

Glostrext Bhd's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	55.321	/	66.487
	=	0.83

Glostrext Bhd's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	55.321	/	66.487
	=	0.83

Glostrext Bhd (XKLS:0284) 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%.

Glostrext Bhd Equity-to-Asset Related Terms

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

Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

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