Think Research (TSXV:THNK) Equity-to-Asset : 0.24 (As of Sep. 2023)

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What is Think Research Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Think Research's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$27.99 Mil. Think Research's Total Assets for the quarter that ended in Sep. 2023 was C$114.66 Mil. Therefore, Think Research's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.24.

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

TSXV:THNK' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.09 Med: 0.31 Max: 0.5
Current: 0.24

During the past 3 years, the highest Equity to Asset Ratio of Think Research was 0.50. The lowest was -1.09. And the median was 0.31.

TSXV:THNK's Equity-to-Asset is ranked worse than
75.04% of 677 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs TSXV:THNK: 0.24

Think Research Equity-to-Asset Historical Data

The historical data trend for Think Research'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.

Think Research Equity-to-Asset Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Equity-to-Asset

-1.09

0.36

0.28

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial								0.27	0.28	0.27	0.26	0.24

Competitive Comparison of Think Research's Equity-to-Asset

For the Health Information Services subindustry, Think Research'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.

Think Research's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Think Research's Equity-to-Asset distribution charts can be found below:

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

Think Research 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.

Think Research'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
	=	34.799	/	122.879
	=	0.28

Think Research'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
	=	27.989	/	114.655
	=	0.24

Think Research (TSXV:THNK) 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%.

Think Research Equity-to-Asset Related Terms

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

Think Research (TSXV:THNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (TSXV:THNK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

THKKF:USA

Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.

Executives

Christopher Collenette	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick Craib	Senior Officer
John Hayes	Senior Officer
Anna Taylor	Senior Officer

Think Research (TSXV:THNK) Headlines

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