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PlasCred Circular Innovations (XCNQ:PLAS) Equity-to-Asset : -1.24 (As of Jun. 2023)


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What is PlasCred Circular Innovations Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PlasCred Circular Innovations's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$-1.32 Mil. PlasCred Circular Innovations's Total Assets for the quarter that ended in Jun. 2023 was C$1.07 Mil.

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

XCNQ:PLAS' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.26   Med: -0.45   Max: 0.37
Current: 0.37

During the past 2 years, the highest Equity to Asset Ratio of PlasCred Circular Innovations was 0.37. The lowest was -1.26. And the median was -0.45.

XCNQ:PLAS's Equity-to-Asset is ranked worse than
62.2% of 246 companies
in the Waste Management industry
Industry Median: 0.425 vs XCNQ:PLAS: 0.37

PlasCred Circular Innovations Equity-to-Asset Historical Data

The historical data trend for PlasCred Circular Innovations'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.

PlasCred Circular Innovations Equity-to-Asset Chart

PlasCred Circular Innovations Annual Data
Trend Dec22 Dec23
Equity-to-Asset
-1.26 0.37

PlasCred Circular Innovations Quarterly Data
Jun22 Mar23 Jun23 Dec23
Equity-to-Asset - -0.84 -1.24 0.37

Competitive Comparison of PlasCred Circular Innovations's Equity-to-Asset

For the Waste Management subindustry, PlasCred Circular Innovations'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.


PlasCred Circular Innovations's Equity-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, PlasCred Circular Innovations's Equity-to-Asset distribution charts can be found below:

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



PlasCred Circular Innovations 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.

PlasCred Circular Innovations'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
=0.787/2.108
=

PlasCred Circular Innovations'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
=-1.318/1.065
=

* 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.


PlasCred Circular Innovations  (XCNQ:PLAS) 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%.


PlasCred Circular Innovations Equity-to-Asset Related Terms

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PlasCred Circular Innovations (XCNQ:PLAS) Business Description

Traded in Other Exchanges
Address
810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

PlasCred Circular Innovations (XCNQ:PLAS) Headlines

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