Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Accredited Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-5.62 Mil. Accredited Solutions's Total Assets for the quarter that ended in Sep. 2023 was $0.60 Mil.
Therefore, Accredited Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -9.34.
The historical rank and industry rank for Accredited Solutions's Equity-to-Asset or its related term are showing as below:
ASII'
s Equity-to-Asset Range Over the Past 10 Years
Min: -10.39 Med: -2.39 Max: 1
Current: -9.34
During the past 13 years, the highest Equity to Asset Ratio of Accredited Solutions was 1.00. The lowest was -10.39. And the median was -2.39.
ASII's Equity-to-Asset is ranked worse than 100% of 110
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.56
vs ASII: -9.34
Accredited Solutions Equity-to-Asset Historical Data
The historical data trend for Accredited Solutions'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 Accredited Solutions's Equity-to-Asset
For the Beverages - Non-Alcoholic subindustry, Accredited Solutions'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.
Accredited Solutions's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Accredited Solutions's Equity-to-Asset falls into.
Accredited Solutions 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.
Accredited Solutions's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
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%.
Accredited Solutions Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Accredited Solutions's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Accredited Solutions (Accredited Solutions) Business Description
Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.
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