Caravelle International Group (Caravelle International Group) Equity-to-Asset : 0.10 (As of Apr. 2023)

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What is Caravelle International Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Caravelle International Group's Total Stockholders Equity for the quarter that ended in Apr. 2023 was $3.3 Mil. Caravelle International Group's Total Assets for the quarter that ended in Apr. 2023 was $33.1 Mil. Therefore, Caravelle International Group's Equity to Asset Ratio for the quarter that ended in Apr. 2023 was 0.10.

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

CACO' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.3 Med: 0.1 Max: 0.2
Current: 0.1

During the past 3 years, the highest Equity to Asset Ratio of Caravelle International Group was 0.20. The lowest was -0.30. And the median was 0.10.

CACO's Equity-to-Asset is ranked worse than
91.63% of 980 companies
in the Transportation industry
Industry Median: 0.49 vs CACO: 0.10

Caravelle International Group Equity-to-Asset Historical Data

The historical data trend for Caravelle International 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.

Caravelle International Group Equity-to-Asset Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Equity-to-Asset

-0.30

0.02

0.13

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.02	0.20	0.13	0.10

Competitive Comparison of Caravelle International Group's Equity-to-Asset

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Equity-to-Asset distribution charts can be found below:

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

Caravelle International 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.

Caravelle International Group's Equity to Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

Equity to Asset (A: Oct. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	4.534	/	35.571
	=	0.13

Caravelle International Group's Equity to Asset Ratio for the quarter that ended in Apr. 2023 is calculated as

Equity to Asset (Q: Apr. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.272	/	33.095
	=	0.10

Caravelle International Group (NAS:CACO) 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%.

Caravelle International Group Equity-to-Asset Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.