Globavend Holdings (Globavend Holdings) Equity-to-Asset : 0.11 (As of Sep. 2023)

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What is Globavend Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Globavend Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.50 Mil. Globavend Holdings's Total Assets for the quarter that ended in Sep. 2023 was $4.48 Mil. Therefore, Globavend Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.11.

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

GVH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.36 Max: 0.58
Current: 0.11

During the past 3 years, the highest Equity to Asset Ratio of Globavend Holdings was 0.58. The lowest was 0.11. And the median was 0.36.

GVH's Equity-to-Asset is ranked worse than
91.33% of 980 companies
in the Transportation industry
Industry Median: 0.49 vs GVH: 0.11

Globavend Holdings Equity-to-Asset Historical Data

The historical data trend for Globavend Holdings'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.

Globavend Holdings Equity-to-Asset Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Equity-to-Asset

0.58

0.36

0.11

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	0.58	-	0.36	0.39	0.11

Competitive Comparison of Globavend Holdings's Equity-to-Asset

For the Integrated Freight & Logistics subindustry, Globavend Holdings'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.

Globavend Holdings's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globavend Holdings's Equity-to-Asset distribution charts can be found below:

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

Globavend Holdings 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.

Globavend Holdings's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.502	/	4.475
	=	0.11

Globavend Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.502	/	4.475
	=	0.11

Globavend Holdings (NAS:GVH) 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%.

Globavend Holdings Equity-to-Asset Related Terms

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

Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

Globavend Holdings (Globavend Holdings) Headlines

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