The historical rank and industry rank for Sparta Commercial Services's Equity-to-Asset or its related term are showing as below:
SRCO'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1547.56 Med: -209.99 Max: -9.15
Current: -537.1
During the past 13 years, the highest Equity to Asset Ratio of Sparta Commercial Services was -9.15. The lowest was -1547.56. And the median was -209.99.
SRCO's Equity-to-Asset is ranked worse than 99.96% of 2850
companies
in the Software industry
Industry Median: 0.54
vs SRCO: -537.10
Sparta Commercial Services Equity-to-Asset Historical Data
* 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.
Competitive Comparison of Sparta Commercial Services's Equity-to-Asset
For the Software - Application subindustry, Sparta Commercial Services'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.
Sparta Commercial Services's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Sparta Commercial Services's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sparta Commercial Services's Equity-to-Asset falls into.
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.
Sparta Commercial Services's Equity to Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
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%.
Sparta Commercial Services Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sparta Commercial Services's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sparta Commercial Services (Sparta Commercial Services) Business Description
Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.
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