Orbit Technologies (XTAE:ORBI) Equity-to-Asset : 0.68 (As of Jun. 2023)

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What is Orbit Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Orbit Technologies's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₪271.5 Mil. Orbit Technologies's Total Assets for the quarter that ended in Jun. 2023 was ₪400.1 Mil. Therefore, Orbit Technologies's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.68.

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

XTAE:ORBI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.57 Max: 0.68
Current: 0.68

During the past 7 years, the highest Equity to Asset Ratio of Orbit Technologies was 0.68. The lowest was 0.48. And the median was 0.57.

XTAE:ORBI's Equity-to-Asset is ranked better than
78.34% of 314 companies
in the Aerospace & Defense industry
Industry Median: 0.45 vs XTAE:ORBI: 0.68

Orbit Technologies Equity-to-Asset Historical Data

The historical data trend for Orbit Technologies'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.

Orbit Technologies Equity-to-Asset Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.50

0.55

0.57

0.65

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Equity-to-Asset	Get a 7-Day Free Trial						-	-	0.65	0.67	0.68

Competitive Comparison of Orbit Technologies's Equity-to-Asset

For the Aerospace & Defense subindustry, Orbit Technologies'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.

Orbit Technologies's Equity-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Orbit Technologies's Equity-to-Asset distribution charts can be found below:

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

Orbit Technologies 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.

Orbit Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	254.357	/	389.285
	=	0.65

Orbit Technologies's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	271.51	/	400.084
	=	0.68

Orbit Technologies (XTAE:ORBI) 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%.

Orbit Technologies Equity-to-Asset Related Terms

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

Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

Orbit Technologies (XTAE:ORBI) Headlines

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