Zoomcar Holdings (Zoomcar Holdings) Equity-to-Asset : -1.56 (As of Dec. 2023)

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What is Zoomcar Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zoomcar Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-26.23 Mil. Zoomcar Holdings's Total Assets for the quarter that ended in Dec. 2023 was $16.85 Mil. Therefore, Zoomcar Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -1.56.

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

ZCAR' s Equity-to-Asset Range Over the Past 10 Years
Min: -17.24 Med: -8.92 Max: -1.56
Current: -1.56

During the past 3 years, the highest Equity to Asset Ratio of Zoomcar Holdings was -1.56. The lowest was -17.24. And the median was -8.92.

ZCAR's Equity-to-Asset is ranked worse than
98.17% of 1090 companies
in the Business Services industry
Industry Median: 0.495 vs ZCAR: -1.56

Zoomcar Holdings Equity-to-Asset Historical Data

The historical data trend for Zoomcar Holdings'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.

Zoomcar Holdings Equity-to-Asset Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

-3.25

-4.47

-14.95

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-	-13.36	-14.95	-17.24	-1.56

Competitive Comparison of Zoomcar Holdings's Equity-to-Asset

For the Rental & Leasing Services subindustry, Zoomcar Holdings'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.

Zoomcar Holdings's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zoomcar Holdings's Equity-to-Asset distribution charts can be found below:

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

Zoomcar Holdings 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.

Zoomcar Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-246.032	/	16.458
	=	-14.95

Zoomcar Holdings'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
	=	-26.231	/	16.847
	=	-1.56

Zoomcar Holdings (NAS:ZCAR) 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%.

Zoomcar Holdings Equity-to-Asset Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.