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Qualis Innovations (Qualis Innovations) Equity-to-Asset : -261.50 (As of Dec. 2023)


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What is Qualis Innovations Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Qualis Innovations's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.52 Mil. Qualis Innovations's Total Assets for the quarter that ended in Dec. 2023 was $0.00 Mil.

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

QLIS' s Equity-to-Asset Range Over the Past 10 Years
Min: -261.5   Med: 0.76   Max: 0.96
Current: -261.5

During the past 9 years, the highest Equity to Asset Ratio of Qualis Innovations was 0.96. The lowest was -261.50. And the median was 0.76.

QLIS's Equity-to-Asset is ranked worse than
99.89% of 871 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs QLIS: -261.50

Qualis Innovations Equity-to-Asset Historical Data

The historical data trend for Qualis Innovations'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.

Qualis Innovations Equity-to-Asset Chart

Qualis Innovations Annual Data
Trend Jul06 Jul07 Jul08 Jul09 Jul10 Dec11 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only -3.00 0.24 0.96 0.76 -261.50

Qualis Innovations Quarterly Data
Jul10 Oct10 Jan11 Apr11 Sep11 Dec11 Mar12 Jun12 Sep12 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.88 0.85 0.80 -261.50

Competitive Comparison of Qualis Innovations's Equity-to-Asset

For the Medical Devices subindustry, Qualis Innovations'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.


Qualis Innovations's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Qualis Innovations's Equity-to-Asset distribution charts can be found below:

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



Qualis Innovations 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.

Qualis Innovations'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
=-0.523/0.002
=

Qualis Innovations'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
=-0.523/0.002
=

* 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.


Qualis Innovations  (OTCPK:QLIS) 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%.


Qualis Innovations Equity-to-Asset Related Terms

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


Qualis Innovations (Qualis Innovations) Business Description

Traded in Other Exchanges
N/A
Address
225 Wilmington West Chester Pike, Suite 200, No.145, Chadds Ford, PA, USA, 19317
Qualis Innovations Inc. is the holding company of mPathix Health, Inc. The company is focused on the development, production, and distribution of multi-modal pain management and Central Nervous System related solutions. It develops pain management products using a modality agnostic, virtual operating model. The company is developing a product designed to address the unmet needs of patients who seek alternatives to traditional pain medications and interventions or adjunctive therapies to their current treatment regimen.
Executives
Bin Wang director 112 RICO DR. NORTH, MORGANVILLE NJ 07751