Primech Holdings (Primech Holdings) Equity-to-Asset : 0.22 (As of Sep. 2023)

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What is Primech Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Primech Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.72 Mil. Primech Holdings's Total Assets for the quarter that ended in Sep. 2023 was $39.28 Mil. Therefore, Primech Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.22.

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

PMEC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.34 Max: 0.54
Current: 0.22

During the past 4 years, the highest Equity to Asset Ratio of Primech Holdings was 0.54. The lowest was 0.21. And the median was 0.34.

PMEC's Equity-to-Asset is ranked worse than
83.23% of 1091 companies
in the Business Services industry
Industry Median: 0.49 vs PMEC: 0.22

Primech Holdings Equity-to-Asset Historical Data

The historical data trend for Primech Holdings'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.

Primech Holdings Equity-to-Asset Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.54

0.46

0.34

0.21

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.37	0.34	0.24	0.21	0.22

Competitive Comparison of Primech Holdings's Equity-to-Asset

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primech Holdings's Equity-to-Asset distribution charts can be found below:

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

Primech Holdings 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.

Primech Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	8.781	/	42.823
	=	0.21

Primech Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	8.72	/	39.281
	=	0.22

Primech Holdings (NAS:PMEC) 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%.

Primech Holdings Equity-to-Asset Related Terms

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

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023