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Signing Day Sports (Signing Day Sports) Equity-to-Asset : 0.06 (As of Mar. 2024)


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What is Signing Day Sports Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Signing Day Sports's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $0.23 Mil. Signing Day Sports's Total Assets for the quarter that ended in Mar. 2024 was $3.96 Mil. Therefore, Signing Day Sports's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.06.

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

SGN' s Equity-to-Asset Range Over the Past 10 Years
Min: -17.85   Med: -6   Max: 0.37
Current: 0.06

During the past 3 years, the highest Equity to Asset Ratio of Signing Day Sports was 0.37. The lowest was -17.85. And the median was -6.00.

SGN's Equity-to-Asset is ranked worse than
89.34% of 2853 companies
in the Software industry
Industry Median: 0.55 vs SGN: 0.06

Signing Day Sports Equity-to-Asset Historical Data

The historical data trend for Signing Day Sports'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.

Signing Day Sports Equity-to-Asset Chart

Signing Day Sports Annual Data
Trend Dec21 Dec22 Dec23
Equity-to-Asset
-0.72 -17.85 0.37

Signing Day Sports Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.50 -7.86 -6.00 0.37 0.06

Competitive Comparison of Signing Day Sports's Equity-to-Asset

For the Software - Application subindustry, Signing Day Sports'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.

Signing Day Sports's Equity-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where Signing Day Sports's Equity-to-Asset falls into.


Signing Day Sports 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.

Signing Day Sports'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
=1.744/4.705
=0.37

Signing Day Sports's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=0.23/3.956
=0.06

* 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.

Signing Day Sports  (AMEX:SGN) 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%.

Signing Day Sports Equity-to-Asset Related Terms

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

Signing Day Sports (Signing Day Sports) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Signing Day Sports Inc (AMEX:SGN) » Definitions » Equity-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255
Website
https://signingdaysports.com
Signing Day Sports Inc is a technology company developing and operating platforms aiming to give significantly more student-athletes the opportunity to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.