Pennant International Group (LSE:PEN) Equity-to-Asset : 0.50 (As of Jun. 2023)

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What is Pennant International Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pennant International Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £10.24 Mil. Pennant International Group's Total Assets for the quarter that ended in Jun. 2023 was £20.47 Mil. Therefore, Pennant International Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.50.

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

LSE:PEN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49 Med: 0.65 Max: 0.8
Current: 0.5

During the past 13 years, the highest Equity to Asset Ratio of Pennant International Group was 0.80. The lowest was 0.49. And the median was 0.65.

LSE:PEN's Equity-to-Asset is ranked worse than
55.21% of 2851 companies
in the Software industry
Industry Median: 0.54 vs LSE:PEN: 0.50

Pennant International Group Equity-to-Asset Historical Data

The historical data trend for Pennant International Group'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.

Pennant International Group Equity-to-Asset Chart

Pennant International Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.75

0.65

0.55

0.52

0.54

Pennant International Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial															0.53	0.52	0.49	0.54	0.50

Competitive Comparison of Pennant International Group's Equity-to-Asset

For the Software - Application subindustry, Pennant International Group'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.

Pennant International Group's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Pennant International Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Pennant International Group's Equity-to-Asset falls into.

Pennant International Group 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.

Pennant International Group'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
	=	10.695	/	19.79
	=	0.54

Pennant International Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	10.235	/	20.474
	=	0.50

Pennant International Group (LSE:PEN) 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%.

Pennant International Group Equity-to-Asset Related Terms

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

Pennant International Group (LSE:PEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pennant International Group PLC (LSE:PEN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Gloucester Road, Unit D1 Staverton Connection, Cheltenham, Gloucestershire, GBR, GL51 6TL

Website

https://www.pennantplc.co.uk

Pennant International Group PLC is engaged in the delivery of integrated support solutions. The company has two operating segments: Technical Training, and Integrated Product Support. It offers a range of services that cover training equipment, hardware, and related support, including simulation, virtual reality, and computer-based training, technical documentation, media development, software development, and related consultancy. It operates in four geographical areas - the United Kingdom, USA, Canada, and Australia of which the United Kingdom contributes majority of the total revenue. It operates in a broad spectrum of market sectors, including the defense, rail, power and aerospace sectors and with government departments.