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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Equity-to-Asset : -5.07 (As of Nov. 2023)


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What is Artificial Intelligence Technology Solutions Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Artificial Intelligence Technology Solutions's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-36.19 Mil. Artificial Intelligence Technology Solutions's Total Assets for the quarter that ended in Nov. 2023 was $7.14 Mil. Therefore, Artificial Intelligence Technology Solutions's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was -5.07.

The historical rank and industry rank for Artificial Intelligence Technology Solutions's Equity-to-Asset or its related term are showing as below:

AITX' s Equity-to-Asset Range Over the Past 10 Years
Min: -9667.75   Med: -15.43   Max: -0.48
Current: -5.07

During the past 12 years, the highest Equity to Asset Ratio of Artificial Intelligence Technology Solutions was -0.48. The lowest was -9667.75. And the median was -15.43.

AITX's Equity-to-Asset is ranked worse than
99.44% of 2485 companies
in the Hardware industry
Industry Median: 0.57 vs AITX: -5.07

Artificial Intelligence Technology Solutions Equity-to-Asset Historical Data

The historical data trend for Artificial Intelligence Technology Solutions'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.

Artificial Intelligence Technology Solutions Equity-to-Asset Chart

Artificial Intelligence Technology Solutions Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.79 -61.36 -9.28 -2.26 -5.06

Artificial Intelligence Technology Solutions Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 -4.98 -5.06 -5.85 -4.55 -5.07

Competitive Comparison of Artificial Intelligence Technology Solutions's Equity-to-Asset

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions'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.


Artificial Intelligence Technology Solutions's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artificial Intelligence Technology Solutions's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Artificial Intelligence Technology Solutions's Equity-to-Asset falls into.



Artificial Intelligence Technology Solutions 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.

Artificial Intelligence Technology Solutions's Equity to Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Equity to Asset (A: Feb. 2023 )=Total Stockholders Equity/Total Assets
=-31.843/6.297
=-5.06

Artificial Intelligence Technology Solutions's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )=Total Stockholders Equity/Total Assets
=-36.193/7.136
=-5.07

* 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.


Artificial Intelligence Technology Solutions  (OTCPK:AITX) 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%.


Artificial Intelligence Technology Solutions Equity-to-Asset Related Terms

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


Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

Traded in Other Exchanges
N/A
Address
10800 Galaxie Avenue, Ferndale, MI, USA, 48220
Website
Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.

Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Headlines