Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Loop Industries's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $18.90 Mil. Loop Industries's Total Assets for the quarter that ended in Nov. 2023 was $24.78 Mil.
Therefore, Loop Industries's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.76.
The historical rank and industry rank for Loop Industries's Equity-to-Asset or its related term are showing as below:
LOOP'
s Equity-to-Asset Range Over the Past 10 Years
Min: -19.5 Med: 0.76 Max: 0.91
Current: 0.76
During the past 13 years, the highest Equity to Asset Ratio of Loop Industries was 0.91. The lowest was -19.50. And the median was 0.76.
LOOP's Equity-to-Asset is ranked better than 75.37% of 1571
companies
in the Chemicals industry
Industry Median: 0.59
vs LOOP: 0.76
Loop Industries Equity-to-Asset Historical Data
The historical data trend for Loop Industries'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 Loop Industries's Equity-to-Asset
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's Equity-to-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Loop Industries's Equity-to-Asset falls into.
Loop Industries 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.
Loop Industries's Equity to Asset Ratio for the fiscal year that ended in Feb. 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%.
Loop Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Loop Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries (Loop Industries) Business Description
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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