Veltex (Veltex) Equity-to-Asset : -0.37 (As of Jun. 2023)

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What is Veltex Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Veltex's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-0.62 Mil. Veltex's Total Assets for the quarter that ended in Jun. 2023 was $1.70 Mil. Therefore, Veltex's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was -0.37.

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

VLXC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.6 Med: -0.41 Max: 0.14
Current: -0.6

During the past 3 years, the highest Equity to Asset Ratio of Veltex was 0.14. The lowest was -0.60. And the median was -0.41.

VLXC's Equity-to-Asset is ranked worse than
93.93% of 675 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs VLXC: -0.60

Veltex Equity-to-Asset Historical Data

The historical data trend for Veltex'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.

Veltex Equity-to-Asset Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.14

-0.41

-0.60

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-0.16	-0.41	-0.62	-0.37	-0.60

Competitive Comparison of Veltex's Equity-to-Asset

For the Medical Care Facilities subindustry, Veltex'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.

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

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

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

Veltex 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.

Veltex'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
	=	-1.074	/	1.803
	=	-0.60

Veltex's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.622	/	1.703
	=	-0.37

Veltex (OTCPK:VLXC) 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%.

Veltex Equity-to-Asset Related Terms

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

Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.