Charbone Hydrogen (TSXV:CH) Equity-to-Asset : -0.30 (As of Mar. 2024)

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What is Charbone Hydrogen Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Charbone Hydrogen's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-1.31 Mil. Charbone Hydrogen's Total Assets for the quarter that ended in Mar. 2024 was C$4.44 Mil. Therefore, Charbone Hydrogen's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was -0.30.

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

TSXV:CH' s Equity-to-Asset Range Over the Past 10 Years
Min: -4.38 Med: -0.29 Max: 0.4
Current: -0.3

During the past 5 years, the highest Equity to Asset Ratio of Charbone Hydrogen was 0.40. The lowest was -4.38. And the median was -0.29.

TSXV:CH's Equity-to-Asset is ranked worse than
98.6% of 1566 companies
in the Chemicals industry
Industry Median: 0.59 vs TSXV:CH: -0.30

Charbone Hydrogen Equity-to-Asset Historical Data

The historical data trend for Charbone Hydrogen'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.

Charbone Hydrogen Equity-to-Asset Chart

Charbone Hydrogen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-4.02

-4.38

-1.58

-0.02

-0.38

Charbone Hydrogen Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial										-0.08	-0.28	-0.24	-0.38	-0.30

Competitive Comparison of Charbone Hydrogen's Equity-to-Asset

For the Chemicals subindustry, Charbone Hydrogen'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.

Charbone Hydrogen's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Charbone Hydrogen's Equity-to-Asset distribution charts can be found below:

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

Charbone Hydrogen 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.

Charbone Hydrogen'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
	=	-1.623	/	4.249
	=	-0.38

Charbone Hydrogen'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
	=	-1.309	/	4.436
	=	-0.30

Charbone Hydrogen (TSXV:CH) 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%.

Charbone Hydrogen Equity-to-Asset Related Terms

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

Charbone Hydrogen (TSXV:CH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Charbone Hydrogen Corp (TSXV:CH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CHHYF:USA K47:Germany

Address

5005 Boul. Lapiniere, Suite 1080, Brossard, QC, CAN, J4Z 0N5

Website

https://www.charbone.com

Charbone Hydrogen Corp is a Canadian green hydrogen group established in North America. The Company develops modular and expandable hydrogen facilities. Through the acquisition of hydropower plants in the United States of America and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy to distinguish itself as a provider of an environmentally friendly solution for industrial and commercial enterprises. The company operates in a single sector, which is small-scale hydroelectric power generation in North America.

Charbone Hydrogen (TSXV:CH) Headlines

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