Envoy Medical (Envoy Medical) Equity-to-Asset : -0.23 (As of Dec. 2023)

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What is Envoy Medical Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Envoy Medical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.76 Mil. Envoy Medical's Total Assets for the quarter that ended in Dec. 2023 was $7.64 Mil. Therefore, Envoy Medical's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.23.

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

COCH' s Equity-to-Asset Range Over the Past 10 Years
Min: -17.13 Med: -14.16 Max: -0.23
Current: -0.23

During the past 3 years, the highest Equity to Asset Ratio of Envoy Medical was -0.23. The lowest was -17.13. And the median was -14.16.

COCH's Equity-to-Asset is ranked worse than
93.56% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs COCH: -0.23

Envoy Medical Equity-to-Asset Historical Data

The historical data trend for Envoy Medical'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.

Envoy Medical Equity-to-Asset Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

-17.13

-14.16

-0.23

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-	-14.16	-30.73	0.27	-0.23

Competitive Comparison of Envoy Medical's Equity-to-Asset

For the Medical Devices subindustry, Envoy Medical'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.

Envoy Medical's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Envoy Medical's Equity-to-Asset distribution charts can be found below:

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

Envoy Medical 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.

Envoy Medical's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.762	/	7.64
	=	-0.23

Envoy Medical'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
	=	-1.762	/	7.64
	=	-0.23

Envoy Medical (NAS:COCH) 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%.

Envoy Medical Equity-to-Asset Related Terms

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Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.