Thinkific Labs (TSX:THNC) Equity-to-Asset : 0.81 (As of Mar. 2024)

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What is Thinkific Labs Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thinkific Labs's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$106.72 Mil. Thinkific Labs's Total Assets for the quarter that ended in Mar. 2024 was C$131.35 Mil. Therefore, Thinkific Labs's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.81.

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

TSX:THNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29 Med: 0.84 Max: 0.94
Current: 0.81

During the past 6 years, the highest Equity to Asset Ratio of Thinkific Labs was 0.94. The lowest was 0.29. And the median was 0.84.

TSX:THNC's Equity-to-Asset is ranked better than
89.05% of 2849 companies
in the Software industry
Industry Median: 0.54 vs TSX:THNC: 0.81

Thinkific Labs Equity-to-Asset Historical Data

The historical data trend for Thinkific Labs'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.

Thinkific Labs Equity-to-Asset Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.29

0.41

0.92

0.85

0.84

Thinkific Labs Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial														0.84	0.84	0.84	0.84	0.81

Competitive Comparison of Thinkific Labs's Equity-to-Asset

For the Software - Application subindustry, Thinkific Labs'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.

Thinkific Labs's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Thinkific Labs's Equity-to-Asset distribution charts can be found below:

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

Thinkific Labs 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.

Thinkific Labs's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	109.931	/	131.202
	=	0.84

Thinkific Labs's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	106.718	/	131.353
	=	0.81

Thinkific Labs (TSX:THNC) 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%.

Thinkific Labs Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Thinkific Labs's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Thinkific Labs (TSX:THNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (TSX:THNC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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