SatixFy Communications (SatixFy Communications) Equity-to-Asset : -1.08 (As of Dec. 2023)

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What is SatixFy Communications Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SatixFy Communications's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-58.79 Mil. SatixFy Communications's Total Assets for the quarter that ended in Dec. 2023 was $54.70 Mil. Therefore, SatixFy Communications's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -1.08.

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

SATX' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.76 Med: -0.96 Max: -0.41
Current: -1.08

During the past 4 years, the highest Equity to Asset Ratio of SatixFy Communications was -0.41. The lowest was -1.76. And the median was -0.96.

SATX's Equity-to-Asset is ranked worse than
98.67% of 2485 companies
in the Hardware industry
Industry Median: 0.57 vs SATX: -1.08

SatixFy Communications Equity-to-Asset Historical Data

The historical data trend for SatixFy Communications'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.

SatixFy Communications Equity-to-Asset Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-0.84

-1.76

-0.41

-1.08

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					-	-0.41	-1.72	-3.24	-1.08

Competitive Comparison of SatixFy Communications's Equity-to-Asset

For the Communication Equipment subindustry, SatixFy Communications'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.

SatixFy Communications's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SatixFy Communications's Equity-to-Asset distribution charts can be found below:

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

SatixFy Communications 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.

SatixFy Communications'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
	=	-58.786	/	54.702
	=	-1.07

SatixFy Communications'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
	=	-58.786	/	54.702
	=	-1.07

SatixFy Communications (AMEX:SATX) 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%.

SatixFy Communications Equity-to-Asset Related Terms

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

SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.