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ShoulderUp Technology Acquisition (ShoulderUp Technology Acquisition) Equity-to-Asset : 0.68 (As of Sep. 2023)


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What is ShoulderUp Technology Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ShoulderUp Technology Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $30.01 Mil. ShoulderUp Technology Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $44.18 Mil.

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

SUAC.U' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41   Med: 0.96   Max: 0.96
Current: 0.68

During the past 2 years, the highest Equity to Asset Ratio of ShoulderUp Technology Acquisition was 0.96. The lowest was 0.41. And the median was 0.96.

SUAC.U's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs SUAC.U: 0.68

ShoulderUp Technology Acquisition Equity-to-Asset Historical Data

The historical data trend for ShoulderUp Technology Acquisition'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.

ShoulderUp Technology Acquisition Equity-to-Asset Chart

ShoulderUp Technology Acquisition Annual Data
Trend Dec21 Dec22
Equity-to-Asset
0.96 0.96

ShoulderUp Technology Acquisition Quarterly Data
Aug21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only 0.96 0.96 0.96 0.67 0.68

Competitive Comparison of ShoulderUp Technology Acquisition's Equity-to-Asset

For the Shell Companies subindustry, ShoulderUp Technology Acquisition'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.

ShoulderUp Technology Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ShoulderUp Technology Acquisition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ShoulderUp Technology Acquisition's Equity-to-Asset falls into.


ShoulderUp Technology Acquisition 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.

ShoulderUp Technology Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=298.103/310.399
=

ShoulderUp Technology Acquisition's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=30.014/44.176
=

* 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.

ShoulderUp Technology Acquisition  (NYSE:SUAC.U) 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%.

ShoulderUp Technology Acquisition Equity-to-Asset Related Terms

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ShoulderUp Technology Acquisition (ShoulderUp Technology Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ShoulderUp Technology Acquisition Corp (NYSE:SUAC.U) » Definitions » Equity-to-Asset
Comparable Companies
EVE VAQC ACRO IFIN LGST FLME GAQ LCW BCSA VCXB PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144
Website
https://www.shoulderupacquisition.com
ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.