Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Track Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-8.60 Mil. Track Group's Total Assets for the quarter that ended in Dec. 2023 was $40.61 Mil.
Therefore, Track Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.21.
The historical rank and industry rank for Track Group's Equity-to-Asset or its related term are showing as below:
TRCK'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.21 Med: 0.05 Max: 0.58
Current: -0.21
During the past 13 years, the highest Equity to Asset Ratio of Track Group was 0.58. The lowest was -0.21. And the median was 0.05.
TRCK's Equity-to-Asset is ranked worse than 97.38% of 2485
companies
in the Hardware industry
Industry Median: 0.57
vs TRCK: -0.21
Track Group Equity-to-Asset Historical Data
The historical data trend for Track Group'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.
Competitive Comparison of Track Group's Equity-to-Asset
For the Scientific & Technical Instruments subindustry, Track Group'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.
Track Group's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Track Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Track Group's Equity-to-Asset falls into.
Track Group 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.
Track Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 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.
Track Group (OTCPK:TRCK) 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%.
Track Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Track Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.
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