The historical rank and industry rank for Digital Health Acquisition's Equity-to-Asset or its related term are showing as below:
DHAC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -8.62 Med: 0.03 Max: 0.96
Current: -8.62
During the past 3 years, the highest Equity to Asset Ratio of Digital Health Acquisition was 0.96. The lowest was -8.62. And the median was 0.03.
DHAC's Equity-to-Asset is ranked worse than 94.76% of 611
companies
in the Diversified Financial Services industry
Industry Median: 0.81
vs DHAC: -8.62
Digital Health Acquisition Equity-to-Asset Historical Data
* 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 Digital Health Acquisition's Equity-to-Asset
For the Shell Companies subindustry, Digital Health Acquisition'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.
Digital Health Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Digital Health Acquisition's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Digital Health Acquisition's Equity-to-Asset falls into.
Digital Health Acquisition 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.
Digital Health Acquisition'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.
Digital Health Acquisition (NAS:DHAC) 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%.
Digital Health Acquisition Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Digital Health Acquisition's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Digital Health Acquisition (Digital Health Acquisition) Business Description
980 North Federal Hwy, Suite 304, Boca Raton, FL, USA, 33432
Website
Digital Health Acquisition Corp is a newly organized blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination.
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