SQID Technologies (XCNQ:SQID) Equity-to-Asset : 0.59 (As of Mar. 2024)

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What is SQID Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SQID Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.07 Mil. SQID Technologies's Total Assets for the quarter that ended in Mar. 2024 was C$0.13 Mil. Therefore, SQID Technologies's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.59.

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

XCNQ:SQID' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.16 Med: 0.62 Max: 0.8
Current: 0.59

During the past 5 years, the highest Equity to Asset Ratio of SQID Technologies was 0.80. The lowest was -0.16. And the median was 0.62.

XCNQ:SQID's Equity-to-Asset is not ranked
in the Software industry.
Industry Median: 0.55 vs XCNQ:SQID: 0.59

SQID Technologies Equity-to-Asset Historical Data

The historical data trend for SQID Technologies'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.

SQID Technologies Equity-to-Asset Chart

SQID Technologies Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.61

0.70

0.71

0.39

0.63

SQID Technologies Quarterly Data
	Mar19	Jun19	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															0.15	-0.16	0.80	0.63	0.59

Competitive Comparison of SQID Technologies's Equity-to-Asset

For the Software - Infrastructure subindustry, SQID Technologies'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.

SQID Technologies's Equity-to-Asset Distribution in the Software Industry

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

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

SQID Technologies 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.

SQID Technologies'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
	=	0.09	/	0.143
	=	0.63

SQID Technologies'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
	=	0.074	/	0.125
	=	0.59

SQID Technologies (XCNQ:SQID) 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%.

SQID Technologies Equity-to-Asset Related Terms

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

SQID Technologies (XCNQ:SQID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SQID Technologies Ltd (XCNQ:SQID) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 Collins Street, Level 14, Melbourne, VIC, AUS, 3000

Website

https://www.sqidtechnologies.com

SQID Technologies Ltd is an Australian-based Company engaged in payment processing and investing and growing esports gaming. It provides merchant services and transaction processing to business merchants and e-commerce customers across both Business to Business (B2B) and Business Consumer (B2C) segments through its leading partner's platform. The Company also owns ICON Esports (ICON) a leading Australian & New Zealand esports and gaming organization, focusing on the commercial landscape of the Oceanic market through brand-driven marketing campaigns and partnerships, nutrition supplements, and merchandise for their esports and gaming audience.

SQID Technologies (XCNQ:SQID) Headlines

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