Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bright Green's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10.97 Mil. Bright Green's Total Assets for the quarter that ended in Dec. 2023 was $17.40 Mil.
The historical rank and industry rank for Bright Green's Equity-to-Asset or its related term are showing as below:
BGXX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.77 Max: 0.94
Current: 0.63
During the past 4 years, the highest Equity to Asset Ratio of Bright Green was 0.94. The lowest was 0.51. And the median was 0.77.
BGXX's Equity-to-Asset is ranked better than 57.44% of 1088
companies
in the Drug Manufacturers industry
Industry Median: 0.59
vs BGXX: 0.63
Bright Green Equity-to-Asset Historical Data
The historical data trend for Bright Green'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 Bright Green's Equity-to-Asset
For the Drug Manufacturers - Specialty & Generic subindustry, Bright Green'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.
Bright Green's Equity-to-Asset Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Bright Green's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Bright Green's Equity-to-Asset falls into.
Bright Green 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.
Bright Green's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Bright Green (NAS:BGXX) 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%.
Bright Green Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Bright Green's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bright Green Corp is a provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured for research and pharmaceutical applications, as well as being an active ingredient in consumer-based solutions. The company plans to focus on the development of cannabis strains and sales of products with high contents of CBN (cannabinol) and CBG (cannabigerol).
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