Andina Acquisition III (Andina Acquisition III) Equity-to-Asset : 0.83 (As of Mar. 2021)

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What is Andina Acquisition III Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Andina Acquisition III's Total Stockholders Equity for the quarter that ended in Mar. 2021 was $11.39 Mil. Andina Acquisition III's Total Assets for the quarter that ended in Mar. 2021 was $13.66 Mil.

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

ANDAW' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03 Med: 0.99 Max: 1
Current: 0.83

During the past 5 years, the highest Equity to Asset Ratio of Andina Acquisition III was 1.00. The lowest was -0.03. And the median was 0.99.

ANDAW's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs ANDAW: 0.83

Andina Acquisition III Equity-to-Asset Historical Data

The historical data trend for Andina Acquisition III'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.

Andina Acquisition III Equity-to-Asset Chart

Andina Acquisition III Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Equity-to-Asset

0.31

-0.03

1.00

0.94

Andina Acquisition III Semi-Annual Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Equity-to-Asset	Get a 7-Day Free Trial									1.00	0.99	0.99	0.94	0.83

Competitive Comparison of Andina Acquisition III's Equity-to-Asset

For the Shell Companies subindustry, Andina Acquisition III'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.

Andina Acquisition III's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Andina Acquisition III's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Andina Acquisition III's Equity-to-Asset falls into.

Andina Acquisition III 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.

Andina Acquisition III's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	12.861	/	13.744
	=

Andina Acquisition III's Equity to Asset Ratio for the quarter that ended in Mar. 2021 is calculated as

Equity to Asset (Q: Mar. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	11.385	/	13.663
	=

Andina Acquisition III (NAS:ANDAW) 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%.

Andina Acquisition III Equity-to-Asset Related Terms

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