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Two Hands (Two Hands) Equity-to-Asset : -12.28 (As of Mar. 2024)


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What is Two Hands Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Two Hands's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-2.80 Mil. Two Hands's Total Assets for the quarter that ended in Mar. 2024 was $0.23 Mil. Therefore, Two Hands's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was -12.28.

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

TWOH' s Equity-to-Asset Range Over the Past 10 Years
Min: -407   Med: -10.86   Max: 0.45
Current: -12.28

During the past 13 years, the highest Equity to Asset Ratio of Two Hands was 0.45. The lowest was -407.00. And the median was -10.86.

TWOH's Equity-to-Asset is ranked worse than
98.74% of 2853 companies
in the Software industry
Industry Median: 0.55 vs TWOH: -12.28

Two Hands Equity-to-Asset Historical Data

The historical data trend for Two Hands'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.

Two Hands Equity-to-Asset Chart

Two Hands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -2.88 -2.27 -20.17 -14.34

Two Hands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.10 -22.45 -10.86 -14.34 -12.28

Competitive Comparison of Two Hands's Equity-to-Asset

For the Software - Application subindustry, Two Hands'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.


Two Hands's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Two Hands's Equity-to-Asset distribution charts can be found below:

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



Two Hands 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.

Two Hands's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-2.797/0.195
=-14.34

Two Hands's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=-2.8/0.228
=-12.28

* 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.


Two Hands  (OTCPK:TWOH) 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%.


Two Hands Equity-to-Asset Related Terms

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


Two Hands (Two Hands) Business Description

Traded in Other Exchanges
Address
1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1
Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.
Executives
Steven Gryfe officer: Chief Financial Officer 558 ATLAS AVENUE, TORONTO A6 M6C3R6
Ryan M. Wilson director 42 MUSCAT CRES., AJAX A6 L1Z0B9
Nadav Elituv director, 10 percent owner, officer: CEO, Pres, Sec & Treasurer 373 JOICEY BLVD., NORTH YORK A6 M5M2W2
Bradley Southam director 33-310 CHRISTOPHER DRIVE, CAMBRIDGE A6 N1P1B4
Shuttle Digital Solutions Inc 10 percent owner 250 YONGE STREET, SUITE 2201, TORONTO A6 M5B2L7