BYND Cannasoft Enterprises (XCNQ:BYND) Equity-to-Asset : 0.11 (As of Mar. 2024)

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What is BYND Cannasoft Enterprises Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. BYND Cannasoft Enterprises's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4.55 Mil. BYND Cannasoft Enterprises's Total Assets for the quarter that ended in Mar. 2024 was C$42.94 Mil. Therefore, BYND Cannasoft Enterprises's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.11.

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

XCNQ:BYND' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.94 Max: 0.99
Current: 0.11

During the past 3 years, the highest Equity to Asset Ratio of BYND Cannasoft Enterprises was 0.99. The lowest was 0.11. And the median was 0.94.

XCNQ:BYND's Equity-to-Asset is ranked worse than
87.87% of 2852 companies
in the Software industry
Industry Median: 0.55 vs XCNQ:BYND: 0.11

BYND Cannasoft Enterprises Equity-to-Asset Historical Data

The historical data trend for BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises Equity-to-Asset Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.93

0.99

0.95

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial											0.99	0.99	0.99	0.95	0.11

Competitive Comparison of BYND Cannasoft Enterprises's Equity-to-Asset

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Equity-to-Asset Distribution in the Software Industry

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

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

BYND Cannasoft Enterprises 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.

BYND Cannasoft Enterprises'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
	=	34.826	/	36.801
	=	0.95

BYND Cannasoft Enterprises'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
	=	4.554	/	42.937
	=	0.11

BYND Cannasoft Enterprises (XCNQ:BYND) 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%.

BYND Cannasoft Enterprises Equity-to-Asset Related Terms

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BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.