Karbon-X (Karbon-X) Equity-to-Asset : 0.66 (As of Feb. 2024)

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What is Karbon-X Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Karbon-X's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $0.77 Mil. Karbon-X's Total Assets for the quarter that ended in Feb. 2024 was $1.18 Mil. Therefore, Karbon-X's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.66.

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

KARX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.92 Max: 0.99
Current: 0.66

During the past 2 years, the highest Equity to Asset Ratio of Karbon-X was 0.99. The lowest was 0.66. And the median was 0.92.

KARX's Equity-to-Asset is not ranked
in the Media - Diversified industry.
Industry Median: 0.51 vs KARX: 0.66

Karbon-X Equity-to-Asset Historical Data

The historical data trend for Karbon-X'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.

Karbon-X Equity-to-Asset Chart

Karbon-X Annual Data

Trend

May22

May23

Equity-to-Asset

0.95

0.90

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial				0.91	0.90	0.93	0.79	0.66

Competitive Comparison of Karbon-X's Equity-to-Asset

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Equity-to-Asset distribution charts can be found below:

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

Karbon-X 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.

Karbon-X's Equity to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

Equity to Asset (A: May. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2.265	/	2.515
	=	0.90

Karbon-X's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.772	/	1.177
	=	0.66

Karbon-X (OTCPK:KARX) 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%.

Karbon-X Equity-to-Asset Related Terms

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

Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.