Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ispire Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $29.0 Mil. Ispire Technology's Total Assets for the quarter that ended in Dec. 2023 was $90.6 Mil.
Therefore, Ispire Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.32.
The historical rank and industry rank for Ispire Technology's Equity-to-Asset or its related term are showing as below:
ISPR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.35 Max: 0.56
Current: 0.32
During the past 3 years, the highest Equity to Asset Ratio of Ispire Technology was 0.56. The lowest was 0.12. And the median was 0.35.
ISPR's Equity-to-Asset is ranked worse than 60.38% of 53
companies
in the Tobacco Products industry
Industry Median: 0.41
vs ISPR: 0.32
Ispire Technology Equity-to-Asset Historical Data
The historical data trend for Ispire Technology'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.
Competitive Comparison of Ispire Technology's Equity-to-Asset
For the Tobacco subindustry, Ispire Technology'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.
Ispire Technology's Equity-to-Asset Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Ispire Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ispire Technology's Equity-to-Asset falls into.
Ispire Technology 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.
Ispire Technology's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
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%.
Ispire Technology Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Ispire Technology's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ispire Technology (Ispire Technology) Business Description
Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products.
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