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Davis Commodities (Davis Commodities) Equity-to-Asset : 0.24 (As of Jun. 2023)


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What is Davis Commodities Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Davis Commodities's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $8.0 Mil. Davis Commodities's Total Assets for the quarter that ended in Jun. 2023 was $32.7 Mil. Therefore, Davis Commodities's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.24.

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

DTCK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08   Med: 0.19   Max: 0.34
Current: 0.24

During the past 2 years, the highest Equity to Asset Ratio of Davis Commodities was 0.34. The lowest was 0.08. And the median was 0.19.

DTCK's Equity-to-Asset is ranked worse than
86.18% of 1917 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs DTCK: 0.24

Davis Commodities Equity-to-Asset Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Equity-to-Asset Chart

Davis Commodities Annual Data
Trend Dec20 Dec21
Equity-to-Asset
0.19 0.08

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Equity-to-Asset Get a 7-Day Free Trial - 0.08 0.16 0.34 0.24

Competitive Comparison of Davis Commodities's Equity-to-Asset

For the Farm Products subindustry, Davis Commodities'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.

Davis Commodities's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

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

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


Davis Commodities 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.

Davis Commodities's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=2.072/24.66
=0.08

Davis Commodities's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )=Total Stockholders Equity/Total Assets
=7.971/32.737
=0.24

* 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.

Davis Commodities  (NAS:DTCK) 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%.

Davis Commodities Equity-to-Asset Related Terms

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

Davis Commodities (Davis Commodities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Equity-to-Asset
Comparable Companies
VFF GCEH ALCO SDOT SANW LOCL SHMP TAER AQB SISI ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services.