Ryde Group (Ryde Group) Equity-to-Asset : -1.41 (As of Dec. 2023)

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What is Ryde Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ryde Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-5.51 Mil. Ryde Group's Total Assets for the quarter that ended in Dec. 2023 was $3.90 Mil. Therefore, Ryde Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -1.41.

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

RYDE' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.41 Med: -1.15 Max: -0.04
Current: -1.41

During the past 3 years, the highest Equity to Asset Ratio of Ryde Group was -0.04. The lowest was -1.41. And the median was -1.15.

RYDE's Equity-to-Asset is ranked worse than
96.39% of 2850 companies
in the Software industry
Industry Median: 0.55 vs RYDE: -1.41

Ryde Group Equity-to-Asset Historical Data

The historical data trend for Ryde 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.

Ryde Group Equity-to-Asset Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

-0.04

-1.15

-1.41

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Equity-to-Asset	-0.04	-1.15	-1.41

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

For the Software - Application subindustry, Ryde 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.

Ryde Group's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Ryde Group's Equity-to-Asset distribution charts can be found below:

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

Ryde 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.

Ryde Group'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
	=	-5.512	/	3.901
	=	-1.41

Ryde Group'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
	=	-5.512	/	3.901
	=	-1.41

Ryde Group (AMEX:RYDE) 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%.

Ryde Group Equity-to-Asset Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.