Formosa Taffeta Co (TPE:1434) Equity-to-Asset : 0.74 (As of Mar. 2024)

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What is Formosa Taffeta Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Formosa Taffeta Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$50,184 Mil. Formosa Taffeta Co's Total Assets for the quarter that ended in Mar. 2024 was NT$68,130 Mil. Therefore, Formosa Taffeta Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.74.

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

TPE:1434' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.73 Max: 0.8
Current: 0.74

During the past 13 years, the highest Equity to Asset Ratio of Formosa Taffeta Co was 0.80. The lowest was 0.64. And the median was 0.73.

TPE:1434's Equity-to-Asset is ranked better than
79.7% of 1084 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs TPE:1434: 0.74

Formosa Taffeta Co Equity-to-Asset Historical Data

The historical data trend for Formosa Taffeta Co'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.

Formosa Taffeta Co Equity-to-Asset Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.80

0.77

0.74

0.76

Formosa Taffeta Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.73	0.73	0.75	0.76	0.74

Competitive Comparison of Formosa Taffeta Co's Equity-to-Asset

For the Textile Manufacturing subindustry, Formosa Taffeta Co'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.

Formosa Taffeta Co's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Formosa Taffeta Co's Equity-to-Asset falls into.

Formosa Taffeta Co 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.

Formosa Taffeta Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	54351.972	/	71664.782
	=	0.76

Formosa Taffeta Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	50183.745	/	68129.92
	=	0.74

Formosa Taffeta Co (TPE:1434) 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%.

Formosa Taffeta Co Equity-to-Asset Related Terms

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

Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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