Planet Based Foods Global (XCNQ:PBF) Equity-to-Asset : -0.79 (As of Sep. 2023)

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What is Planet Based Foods Global Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Planet Based Foods Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.63 Mil. Planet Based Foods Global's Total Assets for the quarter that ended in Sep. 2023 was C$0.80 Mil. Therefore, Planet Based Foods Global's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.79.

The historical rank and industry rank for Planet Based Foods Global's Equity-to-Asset or its related term are showing as below:

XCNQ:PBF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.79 Med: 0.83 Max: 0.98
Current: -0.79

During the past 2 years, the highest Equity to Asset Ratio of Planet Based Foods Global was 0.98. The lowest was -0.79. And the median was 0.83.

XCNQ:PBF's Equity-to-Asset is ranked worse than
93.36% of 1085 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs XCNQ:PBF: -0.79

Planet Based Foods Global Equity-to-Asset Historical Data

The historical data trend for Planet Based Foods Global'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.

Planet Based Foods Global Equity-to-Asset Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

0.89

0.78

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.96	0.78	0.76	0.13	-0.79

Competitive Comparison of Planet Based Foods Global's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Planet Based Foods Global's Equity-to-Asset falls into.

Planet Based Foods Global 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.

Planet Based Foods Global'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
	=	2.247	/	2.894
	=	0.78

Planet Based Foods Global'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
	=	-0.629	/	0.797
	=	-0.79

Planet Based Foods Global (XCNQ:PBF) 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%.

Planet Based Foods Global Equity-to-Asset Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.