Bankruptcy Probability

Top Glove Corporation Bhd's probability of bankruptcy is 1%, making a collapse highly unlikely. The solvency score is 74/100 — a strong indicator of financial stability.

We take all the information about a company's solvency, such as how easily it can pay interest on outstanding debt, how much cash it has, the amount of debt, and more, and use it to estimate the probability of bankruptcy.

Very Low
Probability of Bankruptcy

Financial Position

Cash & Short-Term Investments
+
3Y
+3%
5Y
-61%
10Y
+39%
Long-Term Investments
+
3Y
+13%
5Y
+98%
10Y
+454%
Debt
+
3Y
+54%
5Y
+91%
10Y
+943%

Solvency Ratios

Solvency Ratios Comparison
Top Glove Corporation Bhd Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
MY
Top Glove Corporation Bhd
KLSE:TOPGLOV
7.2B MYR
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FR
Essilorluxottica SA
PAR:EL
71B EUR
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JP
Hoya Corp
TSE:7741
8.6T JPY
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US
Medline Inc
NASDAQ:MDLN
48.1B USD
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CH
Alcon AG
SIX:ALC
26.9B CHF
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DK
Coloplast A/S
CSE:COLO B
105.6B DKK
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US
Solventum Corp
NYSE:SOLV
14.9B USD
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US
Cooper Companies Inc
NASDAQ:COO
10.9B USD
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US
Align Technology Inc
NASDAQ:ALGN
10.6B USD
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US
Lantheus Holdings Inc
NASDAQ:LNTH
6.5B USD
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UK
ConvaTec Group PLC
LSE:CTEC
4.7B GBP
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No Stocks Found
Is Top Glove Corporation Bhd at risk of bankruptcy?

Top Glove Corporation Bhd's probability of bankruptcy is 1%, making a collapse highly unlikely.

The probability of bankruptcy is estimated using credit risk models that assess financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Top Glove Corporation Bhd have?

As of the latest report, Top Glove Corporation Bhd has total debt of 851.2m MYR. This includes both short-term (38.9m MYR) and long-term (812.3m MYR) debt.

You can find a full breakdown on its Balance Sheet.

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