Abits Group (Abits Group) Equity-to-Asset : 0.92 (As of Dec. 2023)

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What is Abits Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Abits Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11.31 Mil. Abits Group's Total Assets for the quarter that ended in Dec. 2023 was $12.32 Mil. Therefore, Abits Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.92.

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

ABTS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.85 Max: 0.98
Current: 0.92

During the past 5 years, the highest Equity to Asset Ratio of Abits Group was 0.98. The lowest was 0.06. And the median was 0.85.

ABTS's Equity-to-Asset is ranked better than
85.36% of 806 companies
in the Capital Markets industry
Industry Median: 0.5 vs ABTS: 0.92

Abits Group Equity-to-Asset Historical Data

The historical data trend for Abits 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.

Abits Group Equity-to-Asset Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Equity-to-Asset

0.06

0.18

0.85

0.98

0.92

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.85	1.00	0.98	0.97	0.92

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

For the Capital Markets subindustry, Abits 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.

Abits Group's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Equity-to-Asset distribution charts can be found below:

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

Abits 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.

Abits 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
	=	11.313	/	12.318
	=	0.92

Abits Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	11.313	/	12.318
	=	0.92

Abits Group (NAS:ABTS) 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%.

Abits Group Equity-to-Asset Related Terms

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

Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000