Wide Open Agriculture (ASX:WOA) Equity-to-Asset : 0.64 (As of Dec. 2023)

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What is Wide Open Agriculture Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Wide Open Agriculture's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$12.03 Mil. Wide Open Agriculture's Total Assets for the quarter that ended in Dec. 2023 was A$18.85 Mil. Therefore, Wide Open Agriculture's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.64.

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

ASX:WOA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.8 Max: 0.93
Current: 0.64

During the past 5 years, the highest Equity to Asset Ratio of Wide Open Agriculture was 0.93. The lowest was 0.64. And the median was 0.80.

ASX:WOA's Equity-to-Asset is ranked better than
64.66% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs ASX:WOA: 0.64

Wide Open Agriculture Equity-to-Asset Historical Data

The historical data trend for Wide Open Agriculture'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.

Wide Open Agriculture Equity-to-Asset Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.72

0.83

0.81

0.66

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.90	0.81	0.76	0.66	0.64

Competitive Comparison of Wide Open Agriculture's Equity-to-Asset

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wide Open Agriculture's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Wide Open Agriculture's Equity-to-Asset falls into.

Wide Open Agriculture 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.

Wide Open Agriculture'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
	=	10.109	/	15.399
	=	0.66

Wide Open Agriculture'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
	=	12.034	/	18.849
	=	0.64

Wide Open Agriculture (ASX:WOA) 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%.

Wide Open Agriculture Equity-to-Asset Related Terms

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

Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

Wide Open Agriculture (ASX:WOA) Headlines

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