TPSRF (Topsports International Holdings) Liabilities-to-Assets : 0.39 (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPSRF Topsports International Holdings Ltd TPSRF
42 GF Score
Price $0.15
GF Value $0.34
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Topsports International Holdings Liabilities-to-Assets?

Topsports International Holdings TPSRF 42 Liabilities-to-Assets is 0.39 as of Feb. 2026. GuruFocus rates TPSRF with a GF Score™ of 42/100 and a GF Value™ of $0.34 (Possible Value Trap). The stock has 5 warning signs investors should review.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Topsports International Holdings's Total Liabilities for the quarter that ended in Feb. 2026 was $788 Mil. Topsports International Holdings's Total Assets for the quarter that ended in Feb. 2026 was $2,037 Mil. Therefore, Topsports International Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2026 was 0.39.


Topsports International Holdings  (OTCPK:TPSRF) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Topsports International Holdings Liabilities-to-Assets Related Terms


Topsports International Holdings Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Topsports International Holdings's Liabilities-to-Assets 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.

Topsports International Holdings Liabilities-to-Assets Chart

Topsports International Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.42 0.32 0.39 0.39

Topsports International Holdings Semi-Annual Data
Feb17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.36 0.39 0.45 0.39

TPSRF vs TJX, ROST, BURL: Liabilities-to-Assets Comparison

For the Apparel Retail subindustry, Topsports International Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Retail - Cyclical Industry

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

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


TPSRF
42GF Score
Topsports International Holdings Ltd TPSRF
Liabilities-to-Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Topsports International Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Topsports International Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Feb. 2026 is calculated as:

Liabilities-to-Assets (A: Feb. 2026 )=Total Liabilities/Total Assets
=788.356/2036.763
=0.39

Topsports International Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2026 is calculated as

Liabilities-to-Assets (Q: Feb. 2026 )=Total Liabilities/Total Assets
=788.356/2036.763
=0.39

* 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.

Frequently Asked Questions Learn more about Liabilities-to-Assets →
What does a Liabilities-to-Assets of 0.39 mean?
Topsports International Holdings (TPSRF) has a Liabilities-to-Assets of 0.39 as of Feb. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Topsports International Holdings and its competitors.
Is Topsports International Holdings' Liabilities-to-Assets too high?
Topsports International Holdings' current Liabilities-to-Assets is 0.39. Overall, Topsports International Holdings has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Topsports International Holdings' Liabilities-to-Assets compare to TJX and ROST?
Topsports International Holdings' Liabilities-to-Assets of 0.39 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Retail - Cyclical company?
A good Liabilities-to-Assets depends on the Retail - Cyclical industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Topsports International Holdings and its competitors. Topsports International Holdings's current Liabilities-to-Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topsports International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Topsports International Holdings (TPSRF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.34, compared to a current price of $0.15 — trading 55.7% below its estimated fair value. The current Liabilities-to-Assets is 0.39. Topsports International Holdings' overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Topsports International Holdings (TPSRF), the current Liabilities-to-Assets is 0.39 as of Feb. 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.

Is Topsports International Holdings (TPSRF) Overvalued in 2026?

Based on GuruFocus' analysis, Topsports International Holdings stock appears to be undervalued. The current stock price of $0.15 is trading 55.7% below its estimated GF Value™ of $0.34. GuruFocus considers Topsports International Holdings to be Possible Value Trap.

Key valuation signals for TPSRF:

  • Liabilities-to-Assets: 0.39
  • GF Value™: $0.34 vs. price of $0.15 (55.7% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the TPSRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Topsports International Holdings Business Description

Other Exchanges 06110:Hong Kong
Address 30-34 Kwai Wing Road, M1, 6th Floor, The Edge, Kwai Chung, Kowloon, New Territories, Hong Kong, HKG
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. The firm operates more than 4,000 stores directly as of the end of fiscal 2026, 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. 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.
42GF Score

Get the complete analysis for TPSRF

Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.15
Price
$0.34
GF Value