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Inno Holdings (Inno Holdings) Equity-to-Asset : 0.56 (As of Dec. 2023)


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What is Inno Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Inno Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.36 Mil. Inno Holdings's Total Assets for the quarter that ended in Dec. 2023 was $9.63 Mil. Therefore, Inno Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.56.

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

INHD' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.67   Med: 0.19   Max: 0.56
Current: 0.56

During the past 3 years, the highest Equity to Asset Ratio of Inno Holdings was 0.56. The lowest was -0.67. And the median was 0.19.

INHD's Equity-to-Asset is ranked better than
55.54% of 632 companies
in the Steel industry
Industry Median: 0.53 vs INHD: 0.56

Inno Holdings Equity-to-Asset Historical Data

The historical data trend for Inno Holdings'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.

Inno Holdings Equity-to-Asset Chart

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23
Equity-to-Asset
0.33 0.32 -0.67

Inno Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.19 -0.21 -0.67 0.56

Competitive Comparison of Inno Holdings's Equity-to-Asset

For the Steel subindustry, Inno Holdings'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.

Inno Holdings's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Inno Holdings's Equity-to-Asset distribution charts can be found below:

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


Inno Holdings 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.

Inno Holdings'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
=-1.695/2.546
=-0.67

Inno Holdings'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
=5.363/9.633
=0.56

* 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.

Inno Holdings  (NAS:INHD) 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%.

Inno Holdings Equity-to-Asset Related Terms

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Inno Holdings (Inno Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inno Holdings Inc (NAS:INHD) » Definitions » Equity-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Website
https://www.innometalstuds.com
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.