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Hempacco Co (Hempacco Co) Equity-to-Asset : 0.62 (As of Sep. 2023)


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What is Hempacco Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hempacco Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.95 Mil. Hempacco Co's Total Assets for the quarter that ended in Sep. 2023 was $14.44 Mil. Therefore, Hempacco Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.62.

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

HPCO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.62   Max: 0.89
Current: 0.62

During the past 3 years, the highest Equity to Asset Ratio of Hempacco Co was 0.89. The lowest was 0.33. And the median was 0.62.

HPCO's Equity-to-Asset is ranked better than
73.58% of 53 companies
in the Tobacco Products industry
Industry Median: 0.41 vs HPCO: 0.62

Hempacco Co Equity-to-Asset Historical Data

The historical data trend for Hempacco Co'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.

Hempacco Co Equity-to-Asset Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22
Equity-to-Asset
0.39 0.38 0.81

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.81 0.89 0.85 0.62

Competitive Comparison of Hempacco Co's Equity-to-Asset

For the Tobacco subindustry, Hempacco Co'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.

Hempacco Co's Equity-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Hempacco Co's Equity-to-Asset distribution charts can be found below:

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


Hempacco Co 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.

Hempacco Co'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
=7.656/9.482
=0.81

Hempacco Co'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
=8.951/14.438
=0.62

* 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.

Hempacco Co  (NAS:HPCO) 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%.

Hempacco Co Equity-to-Asset Related Terms

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

Hempacco Co (Hempacco Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Hempacco Co Inc (NAS:HPCO) » Definitions » Equity-to-Asset
Comparable Companies
XXII VPRB KAVL CBDW GNLN CHUC PYYX PM MO LSE:BATS NSE:ITC TSE:2914 LSE:IMB XKRX:033780 ISX:HMSP HKSE:06969 ISX:GGRM DHA:BATBC CAI:EAST XPRA:TABAK
Traded in Other Exchanges
N/A
Address
9925 Airway Road, San Diego, CA, USA, 92154
Website
https://hempaccoinc.com
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
Executives
Stuart W Titus director 2015 S. TUTTLE AVE A, SARASOTA FL 34239
Sandro Piancone director, 10 percent owner, officer: CEO & President 826 SCENIC TERRANCE PLACE, CHULA VISTA CA 92154
Neville Pearson officer: Chief Financial Officer 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Miki Stephens director 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Jerry Halamuda director 9925 AIRWAY ROAD, SAN DIEGO CA 92154