Beyond Oil (XCNQ:BOIL) Equity-to-Asset : 0.46 (As of Dec. 2023)

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What is Beyond Oil Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Beyond Oil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2.64 Mil. Beyond Oil's Total Assets for the quarter that ended in Dec. 2023 was C$5.73 Mil. Therefore, Beyond Oil's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.46.

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

XCNQ:BOIL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.46 Max: 0.49
Current: 0.46

During the past 3 years, the highest Equity to Asset Ratio of Beyond Oil was 0.49. The lowest was 0.33. And the median was 0.46.

XCNQ:BOIL's Equity-to-Asset is ranked worse than
60.5% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs XCNQ:BOIL: 0.46

Beyond Oil Equity-to-Asset Historical Data

The historical data trend for Beyond Oil'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.

Beyond Oil Equity-to-Asset Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.33

0.49

0.46

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial								0.56	0.49	0.56	0.46	0.46

Competitive Comparison of Beyond Oil's Equity-to-Asset

For the Packaged Foods subindustry, Beyond Oil'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.

Beyond Oil's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Oil's Equity-to-Asset distribution charts can be found below:

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

Beyond Oil 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.

Beyond Oil'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
	=	2.635	/	5.731
	=	0.46

Beyond Oil'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
	=	2.635	/	5.731
	=	0.46

Beyond Oil (XCNQ:BOIL) 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%.

Beyond Oil Equity-to-Asset Related Terms

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

Beyond Oil (XCNQ:BOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer