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Galata Acquisition (Galata Acquisition) Equity-to-Asset : 0.94 (As of Mar. 2023)


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What is Galata Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Galata Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $142.10 Mil. Galata Acquisition's Total Assets for the quarter that ended in Mar. 2023 was $150.50 Mil.

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

GLTA.U' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03   Med: 0.95   Max: 0.97
Current: 0.94

During the past 2 years, the highest Equity to Asset Ratio of Galata Acquisition was 0.97. The lowest was 0.03. And the median was 0.95.

GLTA.U's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs GLTA.U: 0.94

Galata Acquisition Equity-to-Asset Historical Data

The historical data trend for Galata Acquisition'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.

Galata Acquisition Equity-to-Asset Chart

Galata Acquisition Annual Data
Trend Dec21 Dec22
Equity-to-Asset
0.96 0.95

Galata Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only 0.96 0.95 0.95 0.95 0.94

Competitive Comparison of Galata Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Galata Acquisition'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.


Galata Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Galata Acquisition's Equity-to-Asset distribution charts can be found below:

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



Galata Acquisition 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.

Galata Acquisition'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
=140.883/149.068
=

Galata Acquisition's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )=Total Stockholders Equity/Total Assets
=142.104/150.504
=

* 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.


Galata Acquisition  (AMEX:GLTA.U) 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%.


Galata Acquisition Equity-to-Asset Related Terms

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Galata Acquisition (Galata Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
2001 South Street South West, Suite 320, Washington, DC, USA, 20009
Galata Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Galata Acquisition (Galata Acquisition) Headlines

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