Pineapple Financial (Pineapple Financial) Equity-to-Asset : 0.53 (As of Feb. 2024)

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What is Pineapple Financial Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pineapple Financial's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $2.95 Mil. Pineapple Financial's Total Assets for the quarter that ended in Feb. 2024 was $5.57 Mil. Therefore, Pineapple Financial's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.53.

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

PAPL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.56 Max: 0.91
Current: 0.53

During the past 3 years, the highest Equity to Asset Ratio of Pineapple Financial was 0.91. The lowest was 0.39. And the median was 0.56.

PAPL's Equity-to-Asset is ranked better than
98.36% of 1467 companies
in the Banks industry
Industry Median: 0.09 vs PAPL: 0.53

Pineapple Financial Equity-to-Asset Historical Data

The historical data trend for Pineapple Financial'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.

Pineapple Financial Equity-to-Asset Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Equity-to-Asset

0.91

0.72

0.39

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial					0.66	0.54	0.39	0.56	0.53

Competitive Comparison of Pineapple Financial's Equity-to-Asset

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pineapple Financial's Equity-to-Asset distribution charts can be found below:

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

Pineapple Financial 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.

Pineapple Financial's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.786	/	4.629
	=	0.39

Pineapple Financial'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
	=	2.948	/	5.572
	=	0.53

Pineapple Financial (AMEX:PAPL) 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%.

Pineapple Financial Equity-to-Asset Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.