The historical rank and industry rank for Cadrenal Therapeutics's Equity-to-Asset or its related term are showing as below:
CVKD'
s Equity-to-Asset Range Over the Past 10 Years
Min: -7.14 Med: 0.89 Max: 0.94
Current: 0.88
During the past 2 years, the highest Equity to Asset Ratio of Cadrenal Therapeutics was 0.94. The lowest was -7.14. And the median was 0.89.
CVKD's Equity-to-Asset is ranked better than 81.08% of 1559
companies
in the Biotechnology industry
Industry Median: 0.67
vs CVKD: 0.88
Cadrenal Therapeutics Equity-to-Asset Historical Data
The historical data trend for Cadrenal Therapeutics'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 Cadrenal Therapeutics's Equity-to-Asset
For the Biotechnology subindustry, Cadrenal Therapeutics'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.
Cadrenal Therapeutics's Equity-to-Asset Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Cadrenal Therapeutics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cadrenal Therapeutics's Equity-to-Asset falls into.
Cadrenal Therapeutics 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.
Cadrenal Therapeutics'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.
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%.
Cadrenal Therapeutics Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Cadrenal Therapeutics's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cadrenal Therapeutics (Cadrenal Therapeutics) Business Description
Cadrenal Therapeutics Inc is focused on developing a novel therapy with orphan drug indication, tecarfarin, for the prevention of systemic thromboembolism (blood clots) of cardiac origin in patients with end-stage renal disease (on dialysis) and atrial fibrillation (irregular heartbeat) or AFib. Tecarfarin is an anticoagulant designed using a drug design process that targets a different pathway than most commonly prescribed drugs for the treatment of thrombosis and AFib.
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