Ansarada Group (ASX:AND) Equity-to-Asset : 0.57 (As of Dec. 2023)

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What is Ansarada Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ansarada Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$45.18 Mil. Ansarada Group's Total Assets for the quarter that ended in Dec. 2023 was A$79.80 Mil. Therefore, Ansarada Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.57.

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

ASX:AND' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.62 Max: 0.87
Current: 0.57

During the past 5 years, the highest Equity to Asset Ratio of Ansarada Group was 0.87. The lowest was 0.57. And the median was 0.62.

ASX:AND's Equity-to-Asset is ranked better than
53.79% of 2850 companies
in the Software industry
Industry Median: 0.55 vs ASX:AND: 0.57

Ansarada Group Equity-to-Asset Historical Data

The historical data trend for Ansarada 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.

Ansarada Group Equity-to-Asset Chart

Ansarada Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.95

0.87

0.67

0.59

0.58

Ansarada Group Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.65	0.59	0.59	0.58	0.57

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

For the Software - Application subindustry, Ansarada 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.

Ansarada Group's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Ansarada Group's Equity-to-Asset distribution charts can be found below:

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

Ansarada 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.

Ansarada Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	45.961	/	79.046
	=	0.58

Ansarada 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
	=	45.177	/	79.797
	=	0.57

Ansarada Group (ASX:AND) 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%.

Ansarada Group Equity-to-Asset Related Terms

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Ansarada Group (ASX:AND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ansarada Group Ltd (ASX:AND) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 George Street, Level 2, The Rocks, Sydney, NSW, AUS, 2000

Website

https://www.ansarada.com

Ansarada Group Ltd formerly thedocyard Ltd develops and provides cloud-based software for legal and finance organizations. It operates as a Software as a Service (SaaS) model with its clients being organizations that undertake complex transactions such as legal and accounting firms, corporate and financial advisers, financial institutions, and listed or multinational companies. Some services provided are Workflow management, Collaboration, Secure document management, and Project Management. Geographically, the majority of the business is done in the Australian market. The Group derives its revenue from subscription or transactional usage fees from customers for access to its cloud-based SaaS platform.

Ansarada Group (ASX:AND) Headlines

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