Aso International (TSE:9340) Equity-to-Asset : 0.88 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Aso International Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aso International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,486 Mil. Aso International's Total Assets for the quarter that ended in Dec. 2023 was 円2,840 Mil. Therefore, Aso International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.88.

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

TSE:9340' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.87 Max: 0.89
Current: 0.88

During the past 3 years, the highest Equity to Asset Ratio of Aso International was 0.89. The lowest was 0.64. And the median was 0.87.

TSE:9340's Equity-to-Asset is ranked better than
87.47% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs TSE:9340: 0.88

Aso International Equity-to-Asset Historical Data

The historical data trend for Aso International'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.

Aso International Equity-to-Asset Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.64

0.71

0.87

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.88	0.89	0.87	0.87	0.88

Competitive Comparison of Aso International's Equity-to-Asset

For the Medical Instruments & Supplies subindustry, Aso International'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.

Aso International's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Equity-to-Asset distribution charts can be found below:

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

Aso International 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.

Aso International's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2465.577	/	2826.293
	=	0.87

Aso International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2486.213	/	2839.699
	=	0.88

Aso International (TSE:9340) 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%.

Aso International Equity-to-Asset Related Terms

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

Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

Aso International (TSE:9340) Headlines

No Headlines