Hero Technologies (Hero Technologies) Equity-to-Asset : 0.31 (As of Sep. 2023)

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What is Hero Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hero Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.04 Mil. Hero Technologies's Total Assets for the quarter that ended in Sep. 2023 was $0.14 Mil.

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

HENC' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.02 Med: 0.62 Max: 0.75
Current: 0.31

During the past 13 years, the highest Equity to Asset Ratio of Hero Technologies was 0.75. The lowest was -3.02. And the median was 0.62.

HENC's Equity-to-Asset is ranked worse than
80.09% of 1085 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs HENC: 0.31

Hero Technologies Equity-to-Asset Historical Data

The historical data trend for Hero Technologies'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.

Hero Technologies Equity-to-Asset Chart

Hero Technologies Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

Equity-to-Asset

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0.64

0.63

-3.02

0.42

-0.11

Hero Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Mar18	Jun18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															-0.07	-0.11	-0.15	0.39	0.31

Competitive Comparison of Hero Technologies's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Hero Technologies'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.

Hero Technologies's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hero Technologies's Equity-to-Asset distribution charts can be found below:

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

Hero Technologies 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.

Hero Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.071	/	0.645
	=

Hero Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.044	/	0.144
	=

Hero Technologies (OTCPK:HENC) 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%.

Hero Technologies Equity-to-Asset Related Terms

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

Hero Technologies (Hero Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hero Technologies Inc (OTCPK:HENC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 4000, Dover, DE, USA, 19901

Website

https://www.herotechnologiesinc.com

Hero Technologies Inc is a cannabis company with a vertically integrated business model and plan that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations, and dispensaries. It focuses on two principal segments of the cannabis industry, cultivation, and the dispensary business model, including combinations.

Executives

Gina L. Serkasevich	officer: CFO and Treasurer	310 COMMONS TRAIL LANE, HUFFMAN TX 77336
Keith Elliott Macdonald	director	203 HERITAGE PLAVE, CALGARY A0 T3Z 3P3
K James Ebeling	director	3726 WICKERSHAM LANE, HOUSTON TX 77027
James Douglas Brown	director, 10 percent owner, officer: Secretary	11200 WESTHEIMER, SUITE 200, HOUSTON TX 77042
Holloman Value Holdings, Llc	10 percent owner	333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060
Robert Wesolek	officer: Chief Financial Officer
Mark E. Stevenson	director, officer: Secretary	8225 SAN DIEGO ST., ODESSA TX 79765
Eric C Prim	director	4901 POLO PARKWAY, MIDLAND TX 79705
Grant M Petersen	officer: Chief Executive Officer	1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9
Holloman Corp	other: Affiliate	5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769
Holloman Oil & Gas Ltd.	10 percent owner	88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011
David R Lewis	director	11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206