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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Innovative MedTech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-1.38 Mil. Innovative MedTech's Total Assets for the quarter that ended in Mar. 2024 was $4.66 Mil. Therefore, Innovative MedTech's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was -0.30.
The historical rank and industry rank for Innovative MedTech's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Innovative MedTech was -0.01. The lowest was -4039.00. And the median was -0.31.
The historical data trend for Innovative MedTech'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.
Innovative MedTech Annual Data | |||||||||||||||||||||
Trend | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | -3,032.00 | -4,039.00 | -0.01 | -0.29 | -0.29 |
Innovative MedTech Quarterly Data | ||||||||||||||||||||
Jan14 | Apr14 | Jul14 | Oct14 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Equity-to-Asset | Get a 7-Day Free Trial | -0.93 | -0.29 | -0.32 | -0.38 | -0.30 |
For the Medical Instruments & Supplies subindustry, Innovative MedTech'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.
For the Medical Devices & Instruments industry and Healthcare sector, Innovative MedTech's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Innovative MedTech's Equity-to-Asset falls into.
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.
Innovative MedTech'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 |
= | -1.308 | / | 4.45 | |
= | -0.29 |
Innovative MedTech's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Equity to Asset (Q: Mar. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | -1.377 | / | 4.659 | |
= | -0.30 |
* 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.
Innovative MedTech (OTCPK:IMTH) 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%.
Thank you for viewing the detailed overview of Innovative MedTech's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Merle Griff | officer: Chief Executive Officer | 2310 YORK ST, SUITE 200, BLUE ISLAND IL 60406 |
Eddie Dovner | 10 percent owner | 70 SE 4TH AVE, DELRAY BEACH FL 33483 |
Charles Everhardt | director, 10 percent owner, other: Chairman of the Board | 2310 YORK ST, STE 200, BLUE ISLAND IL 60406 |
Arthur Friedman | 10 percent owner | 280 MADISON AVE #1007, NEW YORK NY 10016 |
Marcia Roberts | 10 percent owner | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Michael Jordan Friedman | director, 10 percent owner, officer: President & CEO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Illuminate, Inc. | 10 percent owner | 881 KENNEDY BLVD., JERSEY CITL NJ 07002 |
A William Bodine | director, officer: CFO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Dominick M Cingari | director, officer: COO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Jay Odintz | director | 280 MADISON AVENUE, NEW YORK NY 10016 |
Vincent L Verdiramo | director, officer: President | 3163 KENNEDY BLVD, JERSEY CITY NJ 07306 |
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