ITCONS E-Solutions (BOM:543806) Equity-to-Asset : 0.83 (As of Sep. 2023)

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What is ITCONS E-Solutions Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ITCONS E-Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹129.2 Mil. ITCONS E-Solutions's Total Assets for the quarter that ended in Sep. 2023 was ₹155.5 Mil. Therefore, ITCONS E-Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.83.

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

BOM:543806' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.53 Max: 0.84
Current: 0.83

During the past 4 years, the highest Equity to Asset Ratio of ITCONS E-Solutions was 0.84. The lowest was 0.28. And the median was 0.53.

BOM:543806's Equity-to-Asset is ranked better than
90.83% of 1091 companies
in the Business Services industry
Industry Median: 0.49 vs BOM:543806: 0.83

ITCONS E-Solutions Equity-to-Asset Historical Data

The historical data trend for ITCONS E-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.

ITCONS E-Solutions Equity-to-Asset Chart

ITCONS E-Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.28

0.31

0.48

0.84

ITCONS E-Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.31	0.48	0.58	0.84	0.83

Competitive Comparison of ITCONS E-Solutions's Equity-to-Asset

For the Staffing & Employment Services subindustry, ITCONS E-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.

ITCONS E-Solutions's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ITCONS E-Solutions's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ITCONS E-Solutions's Equity-to-Asset falls into.

ITCONS E-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.

ITCONS E-Solutions's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	121.564	/	144.517
	=	0.84

ITCONS E-Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	129.239	/	155.549
	=	0.83

ITCONS E-Solutions (BOM:543806) 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%.

ITCONS E-Solutions Equity-to-Asset Related Terms

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

ITCONS E-Solutions (BOM:543806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ITCONS E-Solutions Ltd (BOM:543806) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301

Website

https://www.itconsinc.com

ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

ITCONS E-Solutions (BOM:543806) Headlines

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