Equity to Asset ratio is calculated as total stockholders equity divided by total asset. IonQ's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $479.77 Mil. IonQ's Total Assets for the quarter that ended in Mar. 2024 was $543.86 Mil.
Therefore, IonQ's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.88.
The historical rank and industry rank for IonQ's Equity-to-Asset or its related term are showing as below:
IONQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.88 Med: 0.91 Max: 0.96
Current: 0.88
During the past 4 years, the highest Equity to Asset Ratio of IonQ was 0.96. The lowest was 0.88. And the median was 0.91.
IONQ's Equity-to-Asset is ranked better than 93.36% of 2485
companies
in the Hardware industry
Industry Median: 0.57
vs IONQ: 0.88
IonQ Equity-to-Asset Historical Data
The historical data trend for IonQ'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.
For the Computer Hardware subindustry, IonQ'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.
IonQ's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, IonQ's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where IonQ's Equity-to-Asset falls into.
IonQ 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.
IonQ'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.
IonQ (NYSE:IONQ) 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%.
IonQ Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of IonQ's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
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