Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Viemed Healthcare's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $116.3 Mil. Viemed Healthcare's Total Assets for the quarter that ended in Mar. 2024 was $154.9 Mil.
Therefore, Viemed Healthcare's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.75.
The historical rank and industry rank for Viemed Healthcare's Equity-to-Asset or its related term are showing as below:
VMD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.7 Max: 0.83
Current: 0.75
During the past 8 years, the highest Equity to Asset Ratio of Viemed Healthcare was 0.83. The lowest was 0.52. And the median was 0.70.
VMD's Equity-to-Asset is ranked better than 66.21% of 870
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs VMD: 0.75
Viemed Healthcare Equity-to-Asset Historical Data
The historical data trend for Viemed Healthcare'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 Viemed Healthcare's Equity-to-Asset
For the Medical Devices subindustry, Viemed Healthcare'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.
Viemed Healthcare's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Viemed Healthcare's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Viemed Healthcare's Equity-to-Asset falls into.
Viemed Healthcare 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.
Viemed Healthcare's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
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%.
Viemed Healthcare Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Viemed Healthcare's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Viemed Healthcare (Viemed Healthcare) Business Description
Viemed Healthcare Inc is a provider of equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services.
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