XOX Technology Bhd (XKLS:0017) Equity-to-Asset : 0.21 (As of Dec. 2023)

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What is XOX Technology Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. XOX Technology Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM20.0 Mil. XOX Technology Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM95.2 Mil. Therefore, XOX Technology Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.21.

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

XKLS:0017' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.52 Max: 0.77
Current: 0.21

During the past 13 years, the highest Equity to Asset Ratio of XOX Technology Bhd was 0.77. The lowest was 0.21. And the median was 0.52.

XKLS:0017's Equity-to-Asset is ranked worse than
78.77% of 391 companies
in the Telecommunication Services industry
Industry Median: 0.41 vs XKLS:0017: 0.21

XOX Technology Bhd Equity-to-Asset Historical Data

The historical data trend for XOX Technology Bhd'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.

XOX Technology Bhd Equity-to-Asset Chart

XOX Technology Bhd Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec19

Mar21

Mar22

Mar23

Equity-to-Asset

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0.70

0.44

0.41

0.37

0.29

XOX Technology Bhd Quarterly Data
	Mar18	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.36	0.29	0.22	0.21	0.21

Competitive Comparison of XOX Technology Bhd's Equity-to-Asset

For the Telecom Services subindustry, XOX Technology Bhd'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.

XOX Technology Bhd's Equity-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, XOX Technology Bhd's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where XOX Technology Bhd's Equity-to-Asset falls into.

XOX Technology Bhd 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.

XOX Technology Bhd's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	15.129	/	51.49
	=	0.29

XOX Technology Bhd'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
	=	20.047	/	95.179
	=	0.21

XOX Technology Bhd (XKLS:0017) 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%.

XOX Technology Bhd Equity-to-Asset Related Terms

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

XOX Technology Bhd (XKLS:0017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » XOX Technology Bhd (XKLS:0017) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 17.1, 17th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.m3tech.com.my

XOX Technology Bhd, formerly M3 Technologies (Asia) Bhd is engaged in the provision of mobile value-added services. Business activity of the firm is operated through the region of Malaysia, Pakistan, United Arab Emirates - Dubai, and Other Countries of which Pakistan region accounts for a larger share of the revenue. The business activities function through Mobile Solutions; Cloud Services Solutions and Trading and Distribution business. It offers a range of mobile solutions and platforms, such as multimedia products, wireless access protocol (WAP) and Java 2 Micro Edition (J2ME) applications catering to all channels of its business, such as Business to Consumer, Business to Business and Business to Owner.

XOX Technology Bhd (XKLS:0017) Headlines

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