The historical rank and industry rank for Victory Oilfield Tech's Equity-to-Asset or its related term are showing as below:
VYEY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -11.64 Med: -3.58 Max: 0.9
Current: -2.5
During the past 13 years, the highest Equity to Asset Ratio of Victory Oilfield Tech was 0.90. The lowest was -11.64. And the median was -3.58.
VYEY's Equity-to-Asset is ranked worse than 96.98% of 1093
companies
in the Oil & Gas industry
Industry Median: 0.5
vs VYEY: -2.50
Victory Oilfield Tech Equity-to-Asset Historical Data
The historical data trend for Victory Oilfield Tech'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.
Competitive Comparison of Victory Oilfield Tech's Equity-to-Asset
For the Oil & Gas Equipment & Services subindustry, Victory Oilfield Tech'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.
Victory Oilfield Tech's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Victory Oilfield Tech's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Victory Oilfield Tech's Equity-to-Asset falls into.
Victory Oilfield Tech 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.
Victory Oilfield Tech's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
Victory Oilfield Tech Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Victory Oilfield Tech's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Victory Oilfield Tech (Victory Oilfield Tech) Business Description
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.
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