Carmit Candy Industries (XTAE:CRMT) Equity-to-Asset : 0.30 (As of Dec. 2023)

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What is Carmit Candy Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Carmit Candy Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪72.9 Mil. Carmit Candy Industries's Total Assets for the quarter that ended in Dec. 2023 was ₪246.6 Mil. Therefore, Carmit Candy Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.

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

XTAE:CRMT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.44 Max: 0.63
Current: 0.3

During the past 8 years, the highest Equity to Asset Ratio of Carmit Candy Industries was 0.63. The lowest was 0.28. And the median was 0.44.

XTAE:CRMT's Equity-to-Asset is ranked worse than
80.6% of 1928 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs XTAE:CRMT: 0.30

Carmit Candy Industries Equity-to-Asset Historical Data

The historical data trend for Carmit Candy 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.

Carmit Candy Industries Equity-to-Asset Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.52

0.44

0.31

0.28

0.30

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.31	0.29	0.28	0.28	0.30

Competitive Comparison of Carmit Candy Industries's Equity-to-Asset

For the Confectioners subindustry, Carmit Candy 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.

Carmit Candy Industries's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Carmit Candy Industries's Equity-to-Asset distribution charts can be found below:

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

Carmit Candy 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.

Carmit Candy 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
	=	72.912	/	246.624
	=	0.30

Carmit Candy 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
	=	72.912	/	246.624
	=	0.30

Carmit Candy Industries (XTAE:CRMT) 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%.

Carmit Candy Industries Equity-to-Asset Related Terms

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

Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.