Clydestone Ghana (XGHA:CLYD) Equity-to-Asset : 0.48 (As of Jun. 2023)

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What is Clydestone Ghana Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Clydestone Ghana's Total Stockholders Equity for the quarter that ended in Jun. 2023 was GHS4.70 Mil. Clydestone Ghana's Total Assets for the quarter that ended in Jun. 2023 was GHS9.89 Mil. Therefore, Clydestone Ghana's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.48.

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

XGHA:CLYD' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.02 Med: 0.31 Max: 0.49
Current: 0.48

During the past 8 years, the highest Equity to Asset Ratio of Clydestone Ghana was 0.49. The lowest was -0.02. And the median was 0.31.

XGHA:CLYD's Equity-to-Asset is ranked worse than
58.04% of 2853 companies
in the Software industry
Industry Median: 0.55 vs XGHA:CLYD: 0.48

Clydestone Ghana Equity-to-Asset Historical Data

The historical data trend for Clydestone Ghana'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.

Clydestone Ghana Equity-to-Asset Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.11

0.19

0.48

0.45

0.35

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Equity-to-Asset	Get a 7-Day Free Trial															0.40	0.31	0.35	0.43	0.48

Competitive Comparison of Clydestone Ghana's Equity-to-Asset

For the Information Technology Services subindustry, Clydestone Ghana'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.

Clydestone Ghana's Equity-to-Asset Distribution in the Software Industry

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

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

Clydestone Ghana 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.

Clydestone Ghana's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	3.811	/	10.905
	=	0.35

Clydestone Ghana'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
	=	4.704	/	9.888
	=	0.48

Clydestone Ghana (XGHA:CLYD) 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%.

Clydestone Ghana Equity-to-Asset Related Terms

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Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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