Massimo Group (Massimo Group) Equity-to-Asset : 0.38 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Massimo Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Massimo Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $18.14 Mil. Massimo Group's Total Assets for the quarter that ended in Mar. 2024 was $47.28 Mil. Therefore, Massimo Group's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.38.

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

MAMO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.35 Max: 0.38
Current: 0.38

During the past 3 years, the highest Equity to Asset Ratio of Massimo Group was 0.38. The lowest was 0.14. And the median was 0.35.

MAMO's Equity-to-Asset is ranked worse than
64.2% of 1313 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs MAMO: 0.38

Massimo Group Equity-to-Asset Historical Data

The historical data trend for Massimo Group'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.

Massimo Group Equity-to-Asset Chart

Massimo Group Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.36

0.14

0.35

Massimo Group Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.14	-	0.26	0.35	0.38

Competitive Comparison of Massimo Group's Equity-to-Asset

For the Recreational Vehicles subindustry, Massimo Group'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.

Massimo Group's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Massimo Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Massimo Group's Equity-to-Asset falls into.

Massimo Group 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.

Massimo Group'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
	=	14.488	/	41.943
	=	0.35

Massimo Group'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
	=	18.144	/	47.275
	=	0.38

Massimo Group (NAS:MAMO) 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%.

Massimo Group Equity-to-Asset Related Terms

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

Massimo Group (Massimo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 W Miller Road, Garland, TX, USA, TX 75041

Website

https://www.massimomotor.com

Massimo Group is engaged in the mid-tier band the ("Mid-Tier Band") of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats ("Pontoon Boats").

Massimo Group (Massimo Group) Headlines

From GuruFocus

Massimo Group Announces Pricing of $5.85 Million Initial Public Offering

By PRNewswire • 04-02-2024