The historical rank and industry rank for Novo Integrated Sciences's Equity-to-Asset or its related term are showing as below:
NVOS'
s Equity-to-Asset Range Over the Past 10 Years
Min: -27.22 Med: 0.63 Max: 0.89
Current: 0.64
During the past 13 years, the highest Equity to Asset Ratio of Novo Integrated Sciences was 0.89. The lowest was -27.22. And the median was 0.63.
NVOS's Equity-to-Asset is ranked better than 69.48% of 675
companies
in the Healthcare Providers & Services industry
Industry Median: 0.47
vs NVOS: 0.64
Novo Integrated Sciences Equity-to-Asset Historical Data
* 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 Novo Integrated Sciences's Equity-to-Asset
For the Medical Care Facilities subindustry, Novo Integrated Sciences'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.
Novo Integrated Sciences's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Novo Integrated Sciences's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Novo Integrated Sciences's Equity-to-Asset falls into.
Novo Integrated Sciences 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.
Novo Integrated Sciences's Equity to Asset Ratio for the fiscal year that ended in Aug. 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.
Novo Integrated Sciences (NAS:NVOS) 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%.
Novo Integrated Sciences Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Novo Integrated Sciences's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Novo Integrated Sciences (Novo Integrated Sciences) Business Description
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services which generates majority of the revenue, and product sales.
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