Techbase Industries Bhd (XKLS:8966) Equity-to-Asset : 0.71 (As of Jan. 2024)

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What is Techbase Industries Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Techbase Industries Bhd's Total Stockholders Equity for the quarter that ended in Jan. 2024 was RM286.6 Mil. Techbase Industries Bhd's Total Assets for the quarter that ended in Jan. 2024 was RM402.7 Mil. Therefore, Techbase Industries Bhd's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.71.

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

XKLS:8966' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.65 Max: 0.72
Current: 0.71

During the past 13 years, the highest Equity to Asset Ratio of Techbase Industries Bhd was 0.72. The lowest was 0.55. And the median was 0.65.

XKLS:8966's Equity-to-Asset is ranked better than
74.7% of 1087 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs XKLS:8966: 0.71

Techbase Industries Bhd Equity-to-Asset Historical Data

The historical data trend for Techbase Industries 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.

Techbase Industries Bhd Equity-to-Asset Chart

Techbase Industries Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Equity-to-Asset

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0.56

0.57

0.66

0.67

0.72

Techbase Industries Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial															0.71	0.70	0.72	0.71	0.71

Competitive Comparison of Techbase Industries Bhd's Equity-to-Asset

For the Apparel Manufacturing subindustry, Techbase Industries 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.

Techbase Industries Bhd's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Equity-to-Asset distribution charts can be found below:

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

Techbase Industries 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.

Techbase Industries Bhd's Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Equity to Asset (A: Jul. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	302.027	/	416.878
	=	0.72

Techbase Industries Bhd's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	286.624	/	402.69
	=	0.71

Techbase Industries Bhd (XKLS:8966) 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%.

Techbase Industries Bhd Equity-to-Asset Related Terms

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

Techbase Industries Bhd (XKLS:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Techbase Industries Bhd (XKLS:8966) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 83000

Website

https://www.prolexus.com.my

Prolexus Bhd is engaged in investment holding and the provision of management services. The company's business segments are Apparel, which includes the manufacturing of apparel and provision of apparel manufacturing services; Textile segment which includes the manufacturing of textiles and provision of textile manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. The company generates the maximum of its revenue from the apparel segment. Its primary geographic markets are Malaysia, the United States of America which generates maximum revenue, European countries, Asia, and other countries.

Techbase Industries Bhd (XKLS:8966) Headlines

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