Sono Group NV (Sono Group NV) Equity-to-Asset : -6.78 (As of Jun. 2023)

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What is Sono Group NV Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sono Group NV's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-89.79 Mil. Sono Group NV's Total Assets for the quarter that ended in Jun. 2023 was $13.24 Mil.

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

SEVCF' s Equity-to-Asset Range Over the Past 10 Years
Min: -6.78 Med: -0.09 Max: 0.57
Current: -6.78

During the past 5 years, the highest Equity to Asset Ratio of Sono Group NV was 0.57. The lowest was -6.78. And the median was -0.09.

SEVCF's Equity-to-Asset is ranked worse than
99.7% of 1312 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs SEVCF: -6.78

Sono Group NV Equity-to-Asset Historical Data

The historical data trend for Sono Group NV'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.

Sono Group NV Equity-to-Asset Chart

Sono Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

-3.70

-3.26

-0.09

0.57

-0.76

Sono Group NV Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial							0.48	0.46	0.28	-0.76	-6.78

Competitive Comparison of Sono Group NV's Equity-to-Asset

For the Auto Manufacturers subindustry, Sono Group NV'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.

Sono Group NV's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sono Group NV's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Sono Group NV's Equity-to-Asset falls into.

Sono Group NV 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.

Sono Group NV'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
	=	-46.094	/	60.879
	=	-0.76

Sono Group NV'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
	=	-89.791	/	13.237
	=

Sono Group NV (OTCPK:SEVCF) 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%.

Sono Group NV Equity-to-Asset Related Terms

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Sono Group NV (Sono Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sono Group NV (OTCPK:SEVCF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waldmeisterstrasse 76, Munich, DEU, 80935

Website

https://www.sonomotors.com

Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle's bodywork, using energy captured from the sun to charge the vehicle's battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. The company is also involved in process of integrating its solar technology with other manufacturers for different use cases, such as buses, trucks, camper vans, trains, and even boats, to accelerate the transition towards sustainable transportation.