Comrade Appliances (BOM:543921) Equity-to-Asset : 0.51 (As of Sep. 2023)

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What is Comrade Appliances Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comrade Appliances's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹137.45 Mil. Comrade Appliances's Total Assets for the quarter that ended in Sep. 2023 was ₹269.59 Mil. Therefore, Comrade Appliances's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.51.

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

BOM:543921' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.2 Max: 0.51
Current: 0.51

During the past 4 years, the highest Equity to Asset Ratio of Comrade Appliances was 0.51. The lowest was 0.15. And the median was 0.20.

BOM:543921's Equity-to-Asset is ranked worse than
56.94% of 425 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.56 vs BOM:543921: 0.51

Comrade Appliances Equity-to-Asset Historical Data

The historical data trend for Comrade Appliances'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.

Comrade Appliances Equity-to-Asset Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.18

0.15

0.20

0.25

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.15	0.20	-	0.25	0.51

Competitive Comparison of Comrade Appliances's Equity-to-Asset

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.

Comrade Appliances's Equity-to-Asset Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Comrade Appliances's Equity-to-Asset distribution charts can be found below:

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

Comrade Appliances 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.

Comrade Appliances's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	68.941	/	275.318
	=	0.25

Comrade Appliances's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	137.454	/	269.594
	=	0.51

Comrade Appliances (BOM:543921) 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%.

Comrade Appliances Equity-to-Asset Related Terms

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

Comrade Appliances (BOM:543921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company operates in one Geographical Segment namely within India.

Comrade Appliances (BOM:543921) Headlines

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