Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ToughBuilt Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.27 Mil. ToughBuilt Industries's Total Assets for the quarter that ended in Sep. 2023 was $64.53 Mil.
Therefore, ToughBuilt Industries's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.13.
The historical rank and industry rank for ToughBuilt Industries's Equity-to-Asset or its related term are showing as below:
TBLT'
s Equity-to-Asset Range Over the Past 10 Years
Min: -5.23 Med: 0.31 Max: 0.89
Current: 0.13
During the past 7 years, the highest Equity to Asset Ratio of ToughBuilt Industries was 0.89. The lowest was -5.23. And the median was 0.31.
TBLT's Equity-to-Asset is ranked worse than 94.98% of 3026
companies
in the Industrial Products industry
Industry Median: 0.56
vs TBLT: 0.13
ToughBuilt Industries Equity-to-Asset Historical Data
The historical data trend for ToughBuilt Industries'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.
Competitive Comparison of ToughBuilt Industries's Equity-to-Asset
For the Tools & Accessories subindustry, ToughBuilt Industries'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.
ToughBuilt Industries's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ToughBuilt Industries's Equity-to-Asset falls into.
ToughBuilt Industries 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.
ToughBuilt Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
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%.
ToughBuilt Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of ToughBuilt Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ToughBuilt Industries (ToughBuilt Industries) Business Description
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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