Top Glove Corporation Bhd Balance Sheet Health
Financial Health criteria checks 5/6
Top Glove Bhd has a total shareholder equity of MYR4.8B and total debt of MYR827.8M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are MYR6.3B and MYR1.5B respectively. Top Glove Bhd's EBIT is MYR149.8M making its interest coverage ratio -23.9. It has cash and short-term investments of MYR560.7M.
Key information
17.31%
Debt to equity ratio
RM 827.75m
Debt
| Interest coverage ratio | -23.9x |
| Cash | RM 560.67m |
| Equity | RM 4.78b |
| Total liabilities | RM 1.49b |
| Total assets | RM 6.27b |
Recent financial health updates
Top Glove Corporation Bhd (KLSE:TOPGLOV) Seems To Use Debt Rather Sparingly
Oct 30
Here's Why Top Glove Corporation Bhd (KLSE:TOPGLOV) Can Afford Some Debt
Jun 16Is Top Glove Corporation Bhd (KLSE:TOPGLOV) A Risky Investment?
Feb 26Is Top Glove Corporation Bhd (KLSE:TOPGLOV) Using Debt In A Risky Way?
Nov 25Is Top Glove Corporation Bhd (KLSE:TOPGLOV) A Risky Investment?
Mar 01Does Top Glove Corporation Bhd (KLSE:TOPGLOV) Have A Healthy Balance Sheet?
Sep 08Recent updates
Top Glove Corporation Bhd (KLSE:TOPGLOV) Seems To Use Debt Rather Sparingly
Oct 30Top Glove Corporation Bhd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Oct 12Fewer Investors Than Expected Jumping On Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Sep 03What Is Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) Share Price Doing?
Aug 05Here's Why Top Glove Corporation Bhd (KLSE:TOPGLOV) Can Afford Some Debt
Jun 16Top Glove Corporation Bhd. (KLSE:TOPGLOV) Could Be Riskier Than It Looks
May 21Additional Considerations Required While Assessing Top Glove Corporation Bhd's (KLSE:TOPGLOV) Strong Earnings
Mar 27Is Top Glove Corporation Bhd. (KLSE:TOPGLOV) Potentially Undervalued?
Mar 13Is Top Glove Corporation Bhd (KLSE:TOPGLOV) A Risky Investment?
Feb 26Take Care Before Diving Into The Deep End On Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Feb 11Calculating The Intrinsic Value Of Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Dec 13Is Top Glove Corporation Bhd (KLSE:TOPGLOV) Using Debt In A Risky Way?
Nov 25Top Glove Corporation Bhd. (KLSE:TOPGLOV) Screens Well But There Might Be A Catch
Nov 06Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) Intrinsic Value Is Potentially 57% Above Its Share Price
Aug 05Getting In Cheap On Top Glove Corporation Bhd. (KLSE:TOPGLOV) Might Be Difficult
Jul 15Is There An Opportunity With Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) 25% Undervaluation?
May 05Top Glove Corporation Bhd. (KLSE:TOPGLOV) Just Reported And Analysts Have Been Cutting Their Estimates
Mar 23Is Top Glove Corporation Bhd (KLSE:TOPGLOV) A Risky Investment?
Mar 01Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) Popularity With Investors Is Clear
Jan 04Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) Intrinsic Value Is Potentially 90% Above Its Share Price
Nov 20Does Top Glove Corporation Bhd (KLSE:TOPGLOV) Have A Healthy Balance Sheet?
Sep 08Is Top Glove Corporation Bhd. (KLSE:TOPGLOV) Worth RM1.1 Based On Its Intrinsic Value?
May 30Financial Position Analysis
Short Term Liabilities: TOPGLOV's short term assets (MYR1.5B) exceed its short term liabilities (MYR528.8M).
Long Term Liabilities: TOPGLOV's short term assets (MYR1.5B) exceed its long term liabilities (MYR962.3M).
Debt to Equity History and Analysis
Debt Level: TOPGLOV's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: TOPGLOV's debt to equity ratio has increased from 8.7% to 17.3% over the past 5 years.
Debt Coverage: TOPGLOV's debt is well covered by operating cash flow (36.3%).
Interest Coverage: TOPGLOV earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/06 23:18 |
| End of Day Share Price | 2025/11/06 00:00 |
| Earnings | 2025/08/31 |
| Annual Earnings | 2025/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Top Glove Corporation Bhd. is covered by 30 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ken-Wern Lim | Affin Hwang Investment Bank |
| Pak Thong | AmInvestment Bank Berhad |
| Nafisah Azmi | AmInvestment Bank Berhad |