Tanachira Retail PCL (BKK:TAN) Equity-to-Asset : 0.19 (As of Jun. 2023)

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What is Tanachira Retail PCL Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tanachira Retail PCL's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ฿367 Mil. Tanachira Retail PCL's Total Assets for the quarter that ended in Jun. 2023 was ฿1,924 Mil. Therefore, Tanachira Retail PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.19.

The historical rank and industry rank for Tanachira Retail PCL's Equity-to-Asset or its related term are showing as below:

BKK:TAN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.15 Max: 0.67
Current: 0.67

During the past 4 years, the highest Equity to Asset Ratio of Tanachira Retail PCL was 0.67. The lowest was 0.11. And the median was 0.15.

BKK:TAN's Equity-to-Asset is ranked better than
80.64% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs BKK:TAN: 0.67

Tanachira Retail PCL Equity-to-Asset Historical Data

The historical data trend for Tanachira Retail PCL'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.

Tanachira Retail PCL Equity-to-Asset Chart

Tanachira Retail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.12

0.11

0.18

0.67

Tanachira Retail PCL Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.11	-	0.18	0.19	0.67

Competitive Comparison of Tanachira Retail PCL's Equity-to-Asset

For the Luxury Goods subindustry, Tanachira Retail PCL'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.

Tanachira Retail PCL's Equity-to-Asset Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Tanachira Retail PCL's Equity-to-Asset falls into.

Tanachira Retail PCL 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.

Tanachira Retail PCL'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
	=	1549.784	/	2302.542
	=	0.67

Tanachira Retail PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	366.58	/	1923.8
	=	0.19

Tanachira Retail PCL (BKK:TAN) 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%.

Tanachira Retail PCL Equity-to-Asset Related Terms

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

Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.