Topsports International Holdings (HKSE:06110) Equity-to-Asset : 0.59 (As of Aug. 2023)

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What is Topsports International Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Topsports International Holdings's Total Stockholders Equity for the quarter that ended in Aug. 2023 was HK$10,617 Mil. Topsports International Holdings's Total Assets for the quarter that ended in Aug. 2023 was HK$18,161 Mil. Therefore, Topsports International Holdings's Equity to Asset Ratio for the quarter that ended in Aug. 2023 was 0.59.

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

HKSE:06110' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.55 Max: 0.6
Current: 0.59

During the past 7 years, the highest Equity to Asset Ratio of Topsports International Holdings was 0.60. The lowest was 0.12. And the median was 0.55.

HKSE:06110's Equity-to-Asset is ranked better than
72.16% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs HKSE:06110: 0.59

Topsports International Holdings Equity-to-Asset Historical Data

The historical data trend for Topsports International Holdings'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.

Topsports International Holdings Equity-to-Asset Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Equity-to-Asset

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0.12

0.48

0.55

0.60

0.59

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Equity-to-Asset	Get a 7-Day Free Trial								0.58	0.60	0.56	0.59	0.59

Competitive Comparison of Topsports International Holdings's Equity-to-Asset

For the Apparel Retail subindustry, Topsports International Holdings'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.

Topsports International Holdings's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Topsports International Holdings's Equity-to-Asset falls into.

Topsports International Holdings 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.

Topsports International Holdings's Equity to Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Equity to Asset (A: Feb. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	11284.768	/	19302.971
	=	0.58

Topsports International Holdings's Equity to Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

Equity to Asset (Q: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	10617.32	/	18161.279
	=	0.58

Topsports International Holdings (HKSE:06110) 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%.

Topsports International Holdings Equity-to-Asset Related Terms

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

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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