Odd Burger (FRA:IA9) Equity-to-Asset : -0.47 (As of Dec. 2023)

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What is Odd Burger Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Odd Burger's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-1.42 Mil. Odd Burger's Total Assets for the quarter that ended in Dec. 2023 was €3.04 Mil. Therefore, Odd Burger's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.47.

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

FRA:IA9' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.91 Med: 0.2 Max: 0.74
Current: -0.47

During the past 4 years, the highest Equity to Asset Ratio of Odd Burger was 0.74. The lowest was -2.91. And the median was 0.20.

FRA:IA9's Equity-to-Asset is ranked worse than
95.42% of 349 companies
in the Restaurants industry
Industry Median: 0.37 vs FRA:IA9: -0.47

Odd Burger Equity-to-Asset Historical Data

The historical data trend for Odd Burger'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.

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Odd Burger Equity-to-Asset Chart

Odd Burger Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

-2.91

0.51

0.20

-0.41

Odd Burger Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.03	0.09	-0.06	-0.41	-0.47

Competitive Comparison of Odd Burger's Equity-to-Asset

For the Restaurants subindustry, Odd Burger'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.

Odd Burger's Equity-to-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Odd Burger's Equity-to-Asset distribution charts can be found below:

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

Odd Burger 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.

Odd Burger's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.242	/	3.061
	=	-0.41

Odd Burger'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
	=	-1.424	/	3.04
	=	-0.47

Odd Burger (FRA:IA9) 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%.

Odd Burger Equity-to-Asset Related Terms

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

Odd Burger (FRA:IA9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (FRA:IA9) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ODDAF:USA ODD:Canada

Address

505 Consortium Court, London, ON, CAN, N6E 2S8

Website

https://www.oddburger.com

Odd Burger Corp is a plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.

Odd Burger (FRA:IA9) Headlines

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