Rentunder Holding AB (NGM:RENT) Equity-to-Asset : 0.23 (As of Dec. 2023)

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What is Rentunder Holding AB Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Rentunder Holding AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr1.94 Mil. Rentunder Holding AB's Total Assets for the quarter that ended in Dec. 2023 was kr8.42 Mil. Therefore, Rentunder Holding AB's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.

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

NGM:RENT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.32 Max: 0.46
Current: 0.23

During the past 8 years, the highest Equity to Asset Ratio of Rentunder Holding AB was 0.46. The lowest was 0.13. And the median was 0.32.

NGM:RENT's Equity-to-Asset is ranked worse than
91.54% of 3025 companies
in the Industrial Products industry
Industry Median: 0.56 vs NGM:RENT: 0.23

Rentunder Holding AB Equity-to-Asset Historical Data

The historical data trend for Rentunder Holding AB'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.

Rentunder Holding AB Equity-to-Asset Chart

Rentunder Holding AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.29

0.40

0.36

0.13

0.23

Rentunder Holding AB Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.36	0.30	0.13	-0.06	0.23

Competitive Comparison of Rentunder Holding AB's Equity-to-Asset

For the Pollution & Treatment Controls subindustry, Rentunder Holding AB'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.

Rentunder Holding AB's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rentunder Holding AB's Equity-to-Asset distribution charts can be found below:

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

Rentunder Holding AB 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.

Rentunder Holding AB's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.939	/	8.421
	=	0.23

Rentunder Holding AB'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
	=	1.939	/	8.421
	=	0.23

Rentunder Holding AB (NGM:RENT) 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%.

Rentunder Holding AB Equity-to-Asset Related Terms

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

Rentunder Holding AB (NGM:RENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rentunder Holding AB (NGM:RENT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gammelbygatan 18, Osthammar, SWE, 742 34

Website

http://www.driveinboatwash.com

Rentunder Holding AB manufactures and sells mobile boat bottom washers. It offers stationary boat washers for motor and sailing boats up to 12, 14 and 16 meters in length and a mobile boat bottom wash for motor boats up to 8 meters.