Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MEI Pharma's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $59.49 Mil. MEI Pharma's Total Assets for the quarter that ended in Dec. 2023 was $78.54 Mil.
The historical rank and industry rank for MEI Pharma's Equity-to-Asset or its related term are showing as below:
MEIP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.71 Max: 0.95
Current: 0.76
During the past 13 years, the highest Equity to Asset Ratio of MEI Pharma was 0.95. The lowest was 0.18. And the median was 0.71.
MEIP's Equity-to-Asset is ranked better than 61.66% of 1565
companies
in the Biotechnology industry
Industry Median: 0.67
vs MEIP: 0.76
MEI Pharma Equity-to-Asset Historical Data
The historical data trend for MEI Pharma'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.
Competitive Comparison of MEI Pharma's Equity-to-Asset
For the Biotechnology subindustry, MEI Pharma'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.
MEI Pharma's Equity-to-Asset Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, MEI Pharma's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where MEI Pharma's Equity-to-Asset falls into.
MEI Pharma 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.
MEI Pharma's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
MEI Pharma (NAS:MEIP) 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%.
MEI Pharma Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of MEI Pharma's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
MEI Pharma Inc is focused on the clinical development of novel therapies for cancer. The company's clinical drug candidate includes Pracinostat, an orally available histone deacetylase inhibitor for the treatment of patients with acute myeloid leukemia and myelodysplastic syndrome. Its clinical development portfolio also includes Zandelisib, an oral inhibitor of phosphatidylinositide 3-kinase delta for the treatment of patients with recurrent chronic lymphocytic leukemia or follicular non-Hodgkin's lymphoma; and ME-344, an isoflavone-based mitochondrial inhibitor for the treatment of HER2-negative breast cancer and Pracinostat, an oral histone deacetylase inhibitor. Geographically, all the business activities function through the region of the United States.
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