Ludwig Enterprises (Ludwig Enterprises) Equity-to-Asset : -13.05 (As of Dec. 2023)

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What is Ludwig Enterprises Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ludwig Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.46 Mil. Ludwig Enterprises's Total Assets for the quarter that ended in Dec. 2023 was $0.11 Mil.

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

LUDG' s Equity-to-Asset Range Over the Past 10 Years
Min: -13.05 Med: -7.33 Max: -1.6
Current: -13.05

During the past 2 years, the highest Equity to Asset Ratio of Ludwig Enterprises was -1.60. The lowest was -13.05. And the median was -7.33.

LUDG's Equity-to-Asset is ranked worse than
98.85% of 872 companies
in the Medical Devices & Instruments industry
Industry Median: 0.64 vs LUDG: -13.05

Ludwig Enterprises Equity-to-Asset Historical Data

The historical data trend for Ludwig Enterprises'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.

Ludwig Enterprises Equity-to-Asset Chart

Ludwig Enterprises Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

-1.60

-13.05

Ludwig Enterprises Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Equity-to-Asset	-	-1.60	-122.27	-13.05

Competitive Comparison of Ludwig Enterprises's Equity-to-Asset

For the Medical Devices subindustry, Ludwig Enterprises'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.

Ludwig Enterprises's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ludwig Enterprises's Equity-to-Asset distribution charts can be found below:

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

Ludwig Enterprises 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.

Ludwig Enterprises's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.462	/	0.112
	=

Ludwig Enterprises'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
	=	-1.462	/	0.112
	=

Ludwig Enterprises (OTCPK:LUDG) 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%.

Ludwig Enterprises Equity-to-Asset Related Terms

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Ludwig Enterprises (Ludwig Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ludwig Enterprises Inc (OTCPK:LUDG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1749 VICTORIAN AVENUE, Suite C-350, Sparks, NV, USA, 89431

Website

https://www.ludwigent.com

Ludwig Enterprises Inc is a publicly traded Medical Technology Holding Company with Precision Genomics, Inc. and MyRNA for Life, Inc. as wholly owned subsidiaries. The company's advancements in medical technology and Artificial Intelligence (AI) have awarded it with cutting-edge genomic tools. These genomic tools have the potential to detect diseases early but also to customize treatments that may improve patient outcomes and, in some cases, even extend life. Ludwig is at the forefront of this new era with their proprietary mRNA genetic technology that has the potential to detect genetic biomarkers for inflammatory-driven diseases, including but not limited to heart disease, diabetes, preeclampsia, and cancer. It manages its business on the basis of one operating and reportable segment.