Paranovus Entertainment Technology (Paranovus Entertainment Technology) Equity-to-Asset : 0.96 (As of Sep. 2023)

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What is Paranovus Entertainment Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Paranovus Entertainment Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $10.68 Mil. Paranovus Entertainment Technology's Total Assets for the quarter that ended in Sep. 2023 was $11.17 Mil. Therefore, Paranovus Entertainment Technology's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.96.

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

PAVS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.88 Max: 0.96
Current: 0.96

During the past 7 years, the highest Equity to Asset Ratio of Paranovus Entertainment Technology was 0.96. The lowest was 0.41. And the median was 0.88.

PAVS's Equity-to-Asset is ranked better than
98.54% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs PAVS: 0.96

Paranovus Entertainment Technology Equity-to-Asset Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

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Paranovus Entertainment Technology Equity-to-Asset Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.93

0.94

0.84

0.80

0.41

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial									0.88	0.80	0.71	0.41	0.96

Competitive Comparison of Paranovus Entertainment Technology's Equity-to-Asset

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Equity-to-Asset falls into.

Paranovus Entertainment Technology 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.

Paranovus Entertainment Technology's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	14.759	/	36.34
	=	0.41

Paranovus Entertainment Technology's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	10.677	/	11.17
	=	0.96

Paranovus Entertainment Technology (NAS:PAVS) 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%.

Paranovus Entertainment Technology Equity-to-Asset Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.