Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Casa Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-53.4 Mil. Casa Systems's Total Assets for the quarter that ended in Sep. 2023 was $262.5 Mil.
Therefore, Casa Systems's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.20.
The historical rank and industry rank for Casa Systems's Equity-to-Asset or its related term are showing as below:
CASSQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.2 Med: 0.14 Max: 0.64
Current: -0.2
During the past 9 years, the highest Equity to Asset Ratio of Casa Systems was 0.64. The lowest was -0.20. And the median was 0.14.
CASSQ's Equity-to-Asset is ranked worse than 97.3% of 2485
companies
in the Hardware industry
Industry Median: 0.57
vs CASSQ: -0.20
Casa Systems Equity-to-Asset Historical Data
The historical data trend for Casa Systems'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 Casa Systems's Equity-to-Asset
For the Communication Equipment subindustry, Casa Systems'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.
Casa Systems's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Casa Systems's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Casa Systems's Equity-to-Asset falls into.
Casa Systems 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.
Casa Systems'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.
Casa Systems (OTCPK:CASSQ) 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%.
Casa Systems Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Casa Systems's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.
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