Econavista (TSE:5585) Equity-to-Asset : 0.96 (As of Jan. 2024)

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What is Econavista Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Econavista's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円2,981.2 Mil. Econavista's Total Assets for the quarter that ended in Jan. 2024 was 円3,119.3 Mil. Therefore, Econavista's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.96.

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

TSE:5585' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.83 Med: 0.9 Max: 0.96
Current: 0.96

During the past 3 years, the highest Equity to Asset Ratio of Econavista was 0.96. The lowest was 0.83. And the median was 0.90.

TSE:5585's Equity-to-Asset is ranked better than
98.97% of 677 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs TSE:5585: 0.96

Econavista Equity-to-Asset Historical Data

The historical data trend for Econavista'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.

Econavista Equity-to-Asset Chart

Econavista Annual Data

Trend

Oct21

Oct22

Oct23

Equity-to-Asset

0.88

0.94

Econavista Quarterly Data
	Oct21	Oct22	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial			0.88	0.83	0.91	0.94	0.96

Competitive Comparison of Econavista's Equity-to-Asset

For the Health Information Services subindustry, Econavista'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.

Econavista's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Econavista's Equity-to-Asset distribution charts can be found below:

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

Econavista 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.

Econavista's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2883.485	/	3066.829
	=	0.94

Econavista's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2981.15	/	3119.345
	=	0.96

Econavista (TSE:5585) 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%.

Econavista Equity-to-Asset Related Terms

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

Econavista (TSE:5585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econavista Inc (TSE:5585) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1 Kioicho, KKD Building 6 Floor, Chiyoda-ku, Tokyo, JPN, 102-0094

Website

https://www.econavista.com

Econavista Inc is engaged in the Development of AI for predicting health status transition through sleep analysis technology and its application to solve social challenges, such as its AI-backed services of Life Rhythm Navi. It automatically records your daily living conditions (life rhythm) and works with specialized medical institutions to visualize the signs of dementia and diseases that are common among the elderly (heat stroke, sleep disorders, etc.). It is a monitoring system to prevent sudden changes in physical conditions and accidents in preventive medicine.

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