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Fitell (Fitell) Equity-to-Asset : 0.80 (As of Dec. 2023)


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What is Fitell Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fitell's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.97 Mil. Fitell's Total Assets for the quarter that ended in Dec. 2023 was $12.47 Mil. Therefore, Fitell's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.80.

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

FTEL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.63   Max: 0.8
Current: 0.8

During the past 3 years, the highest Equity to Asset Ratio of Fitell was 0.80. The lowest was 0.40. And the median was 0.63.

FTEL's Equity-to-Asset is ranked better than
90.89% of 1120 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs FTEL: 0.80

Fitell Equity-to-Asset Historical Data

The historical data trend for Fitell'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.

Fitell Equity-to-Asset Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Equity-to-Asset
0.40 0.45 0.71

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial - 0.45 0.63 0.71 0.80

Competitive Comparison of Fitell's Equity-to-Asset

For the Specialty Retail subindustry, Fitell'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.

Fitell's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fitell's Equity-to-Asset distribution charts can be found below:

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


Fitell 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.

Fitell's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=6.417/9.038
=0.71

Fitell's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=9.965/12.469
=0.80

* 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.

Fitell  (NAS:FTEL) 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%.

Fitell Equity-to-Asset Related Terms

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

Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Equity-to-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.