Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Guided Therapeutics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3.81 Mil. Guided Therapeutics's Total Assets for the quarter that ended in Dec. 2023 was $1.67 Mil.
Therefore, Guided Therapeutics's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -2.28.
The historical rank and industry rank for Guided Therapeutics's Equity-to-Asset or its related term are showing as below:
GTHP'
s Equity-to-Asset Range Over the Past 10 Years
Min: -67.05 Med: -4.44 Max: -0.86
Current: -2.28
During the past 13 years, the highest Equity to Asset Ratio of Guided Therapeutics was -0.86. The lowest was -67.05. And the median was -4.44.
GTHP's Equity-to-Asset is ranked worse than 97.13% of 871
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs GTHP: -2.28
Guided Therapeutics Equity-to-Asset Historical Data
The historical data trend for Guided 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 Guided Therapeutics's Equity-to-Asset
For the Medical Devices subindustry, Guided 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.
Guided Therapeutics's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Guided Therapeutics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Guided Therapeutics's Equity-to-Asset falls into.
Guided 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.
Guided 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%.
Guided Therapeutics Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Guided Therapeutics's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Guided Therapeutics (Guided Therapeutics) Business Description
Guided Therapeutics Inc is a medical technology company. It is engaged in developing medical devices that have the potential to improve healthcare. Its primary focus is the sales and marketing of its LuViva Advanced Cervical Scan non-invasive cervical cancer detection device and extension of its cancer detection technology into other cancers, including esophageal. The company generates revenue from the sale of medical devices.
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