ELMO Rent AS (OTSE:ELMO) Equity-to-Asset : 0.17 (As of Jun. 2023)

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What is ELMO Rent AS Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ELMO Rent AS's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €0.84 Mil. ELMO Rent AS's Total Assets for the quarter that ended in Jun. 2023 was €4.87 Mil. Therefore, ELMO Rent AS's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.17.

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

OTSE:ELMO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: 0.37
Current: 0.17

During the past 4 years, the highest Equity to Asset Ratio of ELMO Rent AS was 0.37. The lowest was 0.00. And the median was 0.17.

OTSE:ELMO's Equity-to-Asset is ranked worse than
87.5% of 1088 companies
in the Business Services industry
Industry Median: 0.5 vs OTSE:ELMO: 0.17

ELMO Rent AS Equity-to-Asset Historical Data

The historical data trend for ELMO Rent AS'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.

ELMO Rent AS Equity-to-Asset Chart

ELMO Rent AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.18

0.25

0.16

ELMO Rent AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.25	0.37	0.16	0.17

Competitive Comparison of ELMO Rent AS's Equity-to-Asset

For the Rental & Leasing Services subindustry, ELMO Rent AS'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.

ELMO Rent AS's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ELMO Rent AS's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ELMO Rent AS's Equity-to-Asset falls into.

ELMO Rent AS 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.

ELMO Rent AS's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	0.578	/	3.626
	=	0.16

ELMO Rent AS's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.843	/	4.867
	=	0.17

ELMO Rent AS (OTSE:ELMO) 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%.

ELMO Rent AS Equity-to-Asset Related Terms

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

ELMO Rent AS (OTSE:ELMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kivi 12, Laane-Harju, Paldiski, EST, 76805

Website

https://www.elmorent.ee

ELMO Rent AS is engaged in the provision of green vehicle-sharing services and the development, launching, and scaling of related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

ELMO Rent AS (OTSE:ELMO) Headlines

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