GOAT Industries (XCNQ:GOAT) Equity-to-Asset : -1.56 (As of Dec. 2023)

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What is GOAT Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GOAT Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.46 Mil. GOAT Industries's Total Assets for the quarter that ended in Dec. 2023 was C$0.30 Mil.

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

XCNQ:GOAT' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.56 Med: 0.86 Max: 0.98
Current: -1.56

During the past 4 years, the highest Equity to Asset Ratio of GOAT Industries was 0.98. The lowest was -1.56. And the median was 0.86.

XCNQ:GOAT's Equity-to-Asset is ranked worse than
99.42% of 1727 companies
in the Asset Management industry
Industry Median: 0.82 vs XCNQ:GOAT: -1.56

GOAT Industries Equity-to-Asset Historical Data

The historical data trend for GOAT Industries'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.

GOAT Industries Equity-to-Asset Chart

GOAT Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.92

0.98

0.81

-1.56

GOAT Industries Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial								0.81	0.89	0.85	0.83	-1.56

Competitive Comparison of GOAT Industries's Equity-to-Asset

For the Asset Management subindustry, GOAT Industries'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.

GOAT Industries's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GOAT Industries's Equity-to-Asset distribution charts can be found below:

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

GOAT Industries 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.

GOAT Industries'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
	=	-0.463	/	0.297
	=

GOAT Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.463	/	0.297
	=

GOAT Industries (XCNQ:GOAT) 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%.

GOAT Industries Equity-to-Asset Related Terms

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

GOAT Industries (XCNQ:GOAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GOAT Industries Ltd (XCNQ:GOAT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

BGTTF:USA 26B:Germany

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.goatindustries.co

GOAT Industries Ltd is a venture capital platform focused on identifying, sponsoring and incubating companies driven by environmental, social and governance values, while operating in the blue economy. It invests in private businesses in the plant-based protein, functional foods, food technology, and fermented foods sectors. The company plans to generate returns on its investments through go-public transactions, mergers or acquisitions, and the other liquidity events of its investee companies.