Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Flora Growth's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.40 Mil. Flora Growth's Total Assets for the quarter that ended in Dec. 2023 was $23.63 Mil.
Therefore, Flora Growth's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.27.
The historical rank and industry rank for Flora Growth's Equity-to-Asset or its related term are showing as below:
FLGC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.1 Med: 0.7 Max: 0.9
Current: 0.27
During the past 5 years, the highest Equity to Asset Ratio of Flora Growth was 0.90. The lowest was -1.10. And the median was 0.70.
FLGC's Equity-to-Asset is ranked worse than 82.06% of 1087
companies
in the Drug Manufacturers industry
Industry Median: 0.59
vs FLGC: 0.27
Flora Growth Equity-to-Asset Historical Data
The historical data trend for Flora Growth'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.
Competitive Comparison of Flora Growth's Equity-to-Asset
For the Drug Manufacturers - Specialty & Generic subindustry, Flora Growth'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.
Flora Growth's Equity-to-Asset Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Flora Growth's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Flora Growth's Equity-to-Asset falls into.
Flora Growth 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.
Flora Growth's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
Flora Growth Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Flora Growth's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are; the commercial and wholesale segment (FGH and Cosechemos subsidiaries), the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries), and the pharmaceuticals segment (Grupo Farmaceutico Cronomed and Breeze Laboratory subsidiaries). Geographically, the company operates in the United States, Germany, Colombia, the United Kingdom, and Canada. it derives a majority of its revenue from the United States.
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