Vonex (ASX:VN8) Equity-to-Asset : -0.10 (As of Dec. 2023)

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What is Vonex Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vonex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-3.63 Mil. Vonex's Total Assets for the quarter that ended in Dec. 2023 was A$36.69 Mil. Therefore, Vonex's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.10.

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

ASX:VN8' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.1 Med: 0.48 Max: 0.71
Current: -0.1

During the past 7 years, the highest Equity to Asset Ratio of Vonex was 0.71. The lowest was -0.10. And the median was 0.48.

ASX:VN8's Equity-to-Asset is ranked worse than
94.63% of 391 companies
in the Telecommunication Services industry
Industry Median: 0.41 vs ASX:VN8: -0.10

Vonex Equity-to-Asset Historical Data

The historical data trend for Vonex'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.

Vonex Equity-to-Asset Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.62

0.60

0.48

0.40

-0.08

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.38	0.40	-0.06	-0.08	-0.10

Competitive Comparison of Vonex's Equity-to-Asset

For the Telecom Services subindustry, Vonex'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.

Vonex's Equity-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vonex's Equity-to-Asset distribution charts can be found below:

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

Vonex 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.

Vonex's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-2.927	/	36.431
	=	-0.08

Vonex'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
	=	-3.625	/	36.691
	=	-0.10

Vonex (ASX:VN8) 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%.

Vonex Equity-to-Asset Related Terms

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

Vonex (ASX:VN8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. It is organized into three operating segments. The retail segment is engaged in the sale of hardware and telecommunication services including the provision of data, internet, voice (including IP voice), and other services; the Wholesale segment is engaged in offering wholesale white-label hosted PBX services under license for Internet Service Providers, Telco's and Cloud Vendors; and Corporate segment is engaged in managing the corporate affairs of the group, and special development projects such as the Oper8tor App. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

Vonex (ASX:VN8) Headlines

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