Kitwave Group (LSE:KITW) Equity-to-Asset : 0.40 (As of Oct. 2023)

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What is Kitwave Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kitwave Group's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £84.4 Mil. Kitwave Group's Total Assets for the quarter that ended in Oct. 2023 was £209.6 Mil. Therefore, Kitwave Group's Equity to Asset Ratio for the quarter that ended in Oct. 2023 was 0.40.

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

LSE:KITW' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03 Med: 0.4 Max: 0.41
Current: 0.4

During the past 5 years, the highest Equity to Asset Ratio of Kitwave Group was 0.41. The lowest was -0.03. And the median was 0.40.

LSE:KITW's Equity-to-Asset is ranked better than
51.59% of 314 companies
in the Retail - Defensive industry
Industry Median: 0.395 vs LSE:KITW: 0.40

Kitwave Group Equity-to-Asset Historical Data

The historical data trend for Kitwave Group'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.

Kitwave Group Equity-to-Asset Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Equity-to-Asset

-0.03

0.41

0.40

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Equity-to-Asset	Get a 7-Day Free Trial			0.41	0.33	0.40	0.33	0.40

Competitive Comparison of Kitwave Group's Equity-to-Asset

For the Food Distribution subindustry, Kitwave Group'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.

Kitwave Group's Equity-to-Asset Distribution in the Retail - Defensive Industry

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

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

Kitwave Group 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.

Kitwave Group's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	84.445	/	209.585
	=	0.40

Kitwave Group's Equity to Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

Equity to Asset (Q: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	84.445	/	209.585
	=	0.40

Kitwave Group (LSE:KITW) 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%.

Kitwave Group Equity-to-Asset Related Terms

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

Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

Kitwave Group (LSE:KITW) Headlines

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