FRX Innovations (TSXV:FRXI) Equity-to-Asset : 0.22 (As of Sep. 2023)

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What is FRX Innovations Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FRX Innovations's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$6.00 Mil. FRX Innovations's Total Assets for the quarter that ended in Sep. 2023 was C$27.87 Mil. Therefore, FRX Innovations's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.22.

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

TSXV:FRXI' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.39 Med: 0.22 Max: 0.33
Current: 0.22

During the past 5 years, the highest Equity to Asset Ratio of FRX Innovations was 0.33. The lowest was -0.39. And the median was 0.22.

TSXV:FRXI's Equity-to-Asset is ranked worse than
93.42% of 1566 companies
in the Chemicals industry
Industry Median: 0.59 vs TSXV:FRXI: 0.22

FRX Innovations Equity-to-Asset Historical Data

The historical data trend for FRX Innovations'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.

FRX Innovations Equity-to-Asset Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

-0.31

0.24

0.01

-0.30

0.28

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial									0.20	0.28	0.33	0.29	0.22

Competitive Comparison of FRX Innovations's Equity-to-Asset

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FRX Innovations's Equity-to-Asset distribution charts can be found below:

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

FRX Innovations 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.

FRX Innovations'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
	=	8.9	/	31.77
	=	0.28

FRX Innovations'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
	=	6.001	/	27.873
	=	0.22

FRX Innovations (TSXV:FRXI) 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%.

FRX Innovations Equity-to-Asset Related Terms

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

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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