Cover (COVCF) Equity-to-Asset : 0.51 (As of Dec. 2023)

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What is Cover Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cover's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $66.9 Mil. Cover's Total Assets for the quarter that ended in Dec. 2023 was $130.5 Mil. Therefore, Cover's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

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

COVCF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.48 Max: 0.63
Current: 0.51

During the past 3 years, the highest Equity to Asset Ratio of Cover was 0.63. The lowest was 0.40. And the median was 0.48.

COVCF's Equity-to-Asset is ranked worse than
53.95% of 2849 companies
in the Software industry
Industry Median: 0.54 vs COVCF: 0.51

Cover Equity-to-Asset Historical Data

The historical data trend for Cover'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.

Cover Equity-to-Asset Chart

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.63

0.42

0.44

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.40	0.44	0.48	0.49	0.51

Competitive Comparison of Cover's Equity-to-Asset

For the Software - Application subindustry, Cover'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.

Cover's Equity-to-Asset Distribution in the Software Industry

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

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

Cover 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.

Cover'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
	=	52.417	/	118.858
	=	0.44

Cover'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
	=	66.895	/	130.495
	=	0.51

Cover (OTCPK:COVCF) 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%.

Cover Equity-to-Asset Related Terms

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

Cover (COVCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

5253:Japan

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

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