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Northern Solar Holdings BhdXKLS:0340 +0.72%22 Equity-to-Asset is 0.63 as of Jun. 2026, which is 3% below its 10-year median of 0.65. GuruFocus rates XKLS:0340 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 1,038 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 51.45% on this metric.
Northern Solar Holdings Bhd (XKLS:0340) 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%.
Northern Solar Holdings Bhd Equity-to-Asset Related Terms
Northern Solar Holdings Bhd 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.
XKLS:0340 vs FSLR, NXT, ENPH: Equity-to-Asset Comparison
For the Solar subindustry, Northern Solar Holdings 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.
Northern Solar Holdings Bhd Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northern Solar Holdings Bhd's Equity-to-Asset falls into.
Northern Solar Holdings 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.
Northern Solar Holdings Bhd's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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.
Northern Solar Holdings Bhd (XKLS:0340) has a Equity-to-Asset of 0.63 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Northern Solar Holdings Bhd and its competitors. This is near median its historical median of 0.65. Over the past decade, Northern Solar Holdings Bhd's Equity-to-Asset has ranged from 0.36 to 0.72. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #504 out of 1038 companies in the Semiconductors industry, placing it in the top 48.6%.
Is Northern Solar Holdings Bhd's Equity-to-Asset too high?
Northern Solar Holdings Bhd's current Equity-to-Asset of 0.63 is near median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.72. The Semiconductors industry median Equity-to-Asset is 0.62. Northern Solar Holdings Bhd's value of 0.63 is 1.6% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #504 out of 1038 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Equity-to-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #504 out of 1038 companies for Equity-to-Asset. This puts Northern Solar Holdings Bhd in the upper half of its industry. The industry median Equity-to-Asset is 0.62. Northern Solar Holdings Bhd's value of 0.63 is 1.6% above this benchmark. Historically, Northern Solar Holdings Bhd's own Equity-to-Asset has ranged from 0.36 to 0.72 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.62, Northern Solar Holdings Bhd has consistently been above 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 Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.62, based on 1,038 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. Northern Solar Holdings Bhd's current Equity-to-Asset of 0.63 is 1.6% above 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Equity-to-Asset is 0.63, which is near median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Equity-to-Asset of 0.63. The current Equity-to-Asset is 0.63, which is near median its 10-year median of 0.65 and 1.6% above the Semiconductors industry median of 0.62. Northern Solar Holdings Bhd's overall GF Score™ is 22/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Equity-to-Asset is 0.63 as of Jun. 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
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