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Flywheel Advanced Technology (Flywheel Advanced Technology) Equity-to-Asset : 0.60 (As of Dec. 2023)


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What is Flywheel Advanced Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Flywheel Advanced Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.77 Mil. Flywheel Advanced Technology's Total Assets for the quarter that ended in Dec. 2023 was $4.59 Mil. Therefore, Flywheel Advanced Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.60.

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

FWFW' s Equity-to-Asset Range Over the Past 10 Years
Min: -230   Med: 0.59   Max: 0.62
Current: 0.6

During the past 8 years, the highest Equity to Asset Ratio of Flywheel Advanced Technology was 0.62. The lowest was -230.00. And the median was 0.59.

FWFW's Equity-to-Asset is ranked better than
58.13% of 2852 companies
in the Software industry
Industry Median: 0.55 vs FWFW: 0.60

Flywheel Advanced Technology Equity-to-Asset Historical Data

The historical data trend for Flywheel Advanced Technology'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.

Flywheel Advanced Technology Equity-to-Asset Chart

Flywheel Advanced Technology Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep20 Sep21 Sep22 Sep23
Equity-to-Asset
Get a 7-Day Free Trial -54.88 - - - 0.62

Flywheel Advanced Technology Quarterly Data
Dec13 Mar14 Jun14 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -230.00 0.61 0.59 0.62 0.60

Competitive Comparison of Flywheel Advanced Technology's Equity-to-Asset

For the Information Technology Services subindustry, Flywheel Advanced Technology'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.


Flywheel Advanced Technology's Equity-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where Flywheel Advanced Technology's Equity-to-Asset falls into.



Flywheel Advanced Technology 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.

Flywheel Advanced Technology's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )=Total Stockholders Equity/Total Assets
=2.854/4.624
=0.62

Flywheel Advanced Technology'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
=2.774/4.592
=0.60

* 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.


Flywheel Advanced Technology  (OTCPK:FWFW) 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%.


Flywheel Advanced Technology Equity-to-Asset Related Terms

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


Flywheel Advanced Technology (Flywheel Advanced Technology) Business Description

Traded in Other Exchanges
N/A
Address
123 West Nye Lane, Suite 455, Carson, NV, USA, 89706
Flywheel Advanced Technology Inc is an investment holding company. The company's segments include provision of IoT maintenance and support services, IoT BPO services, and IoT development services in Hong Kong and Australia. It generates maximum revenue from the IoT BPO services segment.

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