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Thai-German Products PCL (BKK:TGPRO) Equity-to-Asset : 0.67 (As of Mar. 2024)


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What is Thai-German Products PCL Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thai-German Products PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿1,837 Mil. Thai-German Products PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿2,749 Mil. Therefore, Thai-German Products PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.67.

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

BKK:TGPRO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44   Med: 0.65   Max: 0.77
Current: 0.67

During the past 13 years, the highest Equity to Asset Ratio of Thai-German Products PCL was 0.77. The lowest was 0.44. And the median was 0.65.

BKK:TGPRO's Equity-to-Asset is ranked better than
71.63% of 631 companies
in the Steel industry
Industry Median: 0.53 vs BKK:TGPRO: 0.67

Thai-German Products PCL Equity-to-Asset Historical Data

The historical data trend for Thai-German Products 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.

Thai-German Products PCL Equity-to-Asset Chart

Thai-German Products PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.63 0.64 0.66 0.67

Thai-German Products PCL 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 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 Premium Member Only Premium Member Only 0.66 0.65 0.66 0.67 0.67

Competitive Comparison of Thai-German Products PCL's Equity-to-Asset

For the Steel subindustry, Thai-German Products 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.


Thai-German Products PCL's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Thai-German Products PCL's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Thai-German Products PCL's Equity-to-Asset falls into.



Thai-German Products 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.

Thai-German Products 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
=1886.278/2797.382
=0.67

Thai-German Products PCL'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
=1836.779/2749.414
=0.67

* 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.


Thai-German Products PCL  (BKK:TGPRO) 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%.


Thai-German Products PCL Equity-to-Asset Related Terms

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


Thai-German Products PCL (BKK:TGPRO) Business Description

Traded in Other Exchanges
N/A
Address
99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150
Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

Thai-German Products PCL (BKK:TGPRO) Headlines

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