Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Workiva's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-89.4 Mil. Workiva's Total Assets for the quarter that ended in Dec. 2023 was $1,218.9 Mil.
Therefore, Workiva's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.07.
The historical rank and industry rank for Workiva's Equity-to-Asset or its related term are showing as below:
WK'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.11 Med: 0.05 Max: 0.34
Current: -0.07
During the past 12 years, the highest Equity to Asset Ratio of Workiva was 0.34. The lowest was -0.11. And the median was 0.05.
WK's Equity-to-Asset is ranked worse than 92.36% of 2841
companies
in the Software industry
Industry Median: 0.55
vs WK: -0.07
Workiva Equity-to-Asset Historical Data
The historical data trend for Workiva'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 Workiva's Equity-to-Asset
For the Software - Application subindustry, Workiva'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.
Workiva's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Workiva's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Workiva's Equity-to-Asset falls into.
Workiva 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.
Workiva's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Workiva (NYSE:WK) 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%.
Workiva Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Workiva's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. The firm derives its revenue in the form of subscription and support fees and the remainder from professional services.
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