Organto Foods (Organto Foods) Equity-to-Asset : -0.98 (As of Sep. 2023)

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What is Organto Foods Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Organto Foods's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-6.02 Mil. Organto Foods's Total Assets for the quarter that ended in Sep. 2023 was $6.17 Mil. Therefore, Organto Foods's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.98.

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

OGOFF' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.45 Med: 0 Max: 0.81
Current: -0.98

During the past 13 years, the highest Equity to Asset Ratio of Organto Foods was 0.81. The lowest was -1.45. And the median was 0.00.

OGOFF's Equity-to-Asset is ranked worse than
98.41% of 314 companies
in the Retail - Defensive industry
Industry Median: 0.4 vs OGOFF: -0.98

Organto Foods Equity-to-Asset Historical Data

The historical data trend for Organto Foods'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.

Organto Foods Equity-to-Asset Chart

Organto Foods Annual Data

Trend

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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-0.21

-0.66

-0.03

0.32

-0.28

Organto Foods Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.01	-0.28	-0.37	-0.64	-0.98

Competitive Comparison of Organto Foods's Equity-to-Asset

For the Food Distribution subindustry, Organto Foods'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.

Organto Foods's Equity-to-Asset Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Organto Foods's Equity-to-Asset distribution charts can be found below:

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

Organto Foods 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.

Organto Foods'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
	=	-2.322	/	8.37
	=	-0.28

Organto Foods'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
	=	-6.021	/	6.169
	=	-0.98

Organto Foods (OTCPK:OGOFF) 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%.

Organto Foods Equity-to-Asset Related Terms

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Organto Foods (Organto Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Organto Foods Inc (OTCPK:OGOFF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OGO:Canada

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

https://www.organto.com

Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats and under its signature I AM Organic and fresh Organic Choice branded product offerings. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.