Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Healing Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.86 Mil. The Healing Co's Total Assets for the quarter that ended in Sep. 2023 was $12.07 Mil.
Therefore, The Healing Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.15.
The historical rank and industry rank for The Healing Co's Equity-to-Asset or its related term are showing as below:
HLCO'
s Equity-to-Asset Range Over the Past 10 Years
Min: -174 Med: -48 Max: 0.93
Current: -0.15
During the past 13 years, the highest Equity to Asset Ratio of The Healing Co was 0.93. The lowest was -174.00. And the median was -48.00.
HLCO's Equity-to-Asset is ranked worse than 90.25% of 677
companies
in the Healthcare Providers & Services industry
Industry Median: 0.46
vs HLCO: -0.15
The Healing Co Equity-to-Asset Historical Data
The historical data trend for The Healing Co'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 The Healing Co's Equity-to-Asset
For the Health Information Services subindustry, The Healing Co'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.
The Healing Co's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Healing Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Healing Co's Equity-to-Asset falls into.
The Healing Co 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.
The Healing Co's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
The Healing Co (OTCPK:HLCO) 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%.
The Healing Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of The Healing Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Healing Co (The Healing Co) Business Description
The Healing Co Inc is a health and wellness company that has identified the need for a change to healthcare, where conventional medicine and alternative healing can both be drawn on to provide a world of integrated healing encompassing conventional medicine and alternative medicine. The company has three operating segments which are E-commerce sales of health and wellness products, Sales of memberships to our wellness app, and Support for our licensed wellness experiences.
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