Progress Acquisition (Progress Acquisition) Equity-to-Asset : 0.99 (As of Sep. 2022)

Progress Acquisition Equity-to-Asset Chart

Competitive Comparison of Progress Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Progress Acquisition'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.

Progress Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

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

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

Progress Acquisition 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.

Progress Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Progress Acquisition's Equity to Asset Ratio for the quarter that ended in Sep. 2022 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.

Progress Acquisition  (NAS:PGRWU) 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%.

Progress Acquisition Equity-to-Asset Related Terms

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Progress Acquisition (Progress Acquisition) Business Description