Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Elastic NV's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $708 Mil. Elastic NV's Total Assets for the quarter that ended in Jan. 2024 was $2,059 Mil.
Therefore, Elastic NV's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.34.
The historical rank and industry rank for Elastic NV's Equity-to-Asset or its related term are showing as below:
ESTC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.89 Med: 0.3 Max: 0.62
Current: 0.34
During the past 7 years, the highest Equity to Asset Ratio of Elastic NV was 0.62. The lowest was -0.89. And the median was 0.30.
ESTC's Equity-to-Asset is ranked worse than 72.98% of 2842
companies
in the Software industry
Industry Median: 0.55
vs ESTC: 0.34
Elastic NV Equity-to-Asset Historical Data
The historical data trend for Elastic NV'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.
Competitive Comparison of Elastic NV's Equity-to-Asset
For the Software - Application subindustry, Elastic NV'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.
Elastic NV's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Elastic NV's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Elastic NV's Equity-to-Asset falls into.
Elastic NV 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.
Elastic NV's Equity to Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
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%.
Elastic NV Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Elastic NV's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
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