Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Surf Air Mobility's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-77.49 Mil. Surf Air Mobility's Total Assets for the quarter that ended in Dec. 2023 was $110.99 Mil.
Therefore, Surf Air Mobility's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.70.
The historical rank and industry rank for Surf Air Mobility's Equity-to-Asset or its related term are showing as below:
SRFM'
s Equity-to-Asset Range Over the Past 10 Years
Min: -22.89 Med: -14.15 Max: -0.7
Current: -0.7
During the past 4 years, the highest Equity to Asset Ratio of Surf Air Mobility was -0.70. The lowest was -22.89. And the median was -14.15.
SRFM's Equity-to-Asset is ranked worse than 98.27% of 980
companies
in the Transportation industry
Industry Median: 0.49
vs SRFM: -0.70
Surf Air Mobility Equity-to-Asset Historical Data
The historical data trend for Surf Air Mobility'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.
Competitive Comparison of Surf Air Mobility's Equity-to-Asset
For the Airlines subindustry, Surf Air Mobility'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.
Surf Air Mobility's Equity-to-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Surf Air Mobility's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Surf Air Mobility's Equity-to-Asset falls into.
Surf Air Mobility 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.
Surf Air Mobility's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Surf Air Mobility (NYSE:SRFM) 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%.
Surf Air Mobility Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Surf Air Mobility's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Surf Air Mobility (Surf Air Mobility) Business Description
Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.
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