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Prevas AB (OSTO:PREV B) Equity-to-Asset : 0.58 (As of Mar. 2024)


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What is Prevas AB Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Prevas AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr639 Mil. Prevas AB's Total Assets for the quarter that ended in Mar. 2024 was kr1,109 Mil. Therefore, Prevas AB's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.58.

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

OSTO:PREV B' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36   Med: 0.45   Max: 0.59
Current: 0.58

During the past 13 years, the highest Equity to Asset Ratio of Prevas AB was 0.59. The lowest was 0.36. And the median was 0.45.

OSTO:PREV B's Equity-to-Asset is ranked better than
55.35% of 2853 companies
in the Software industry
Industry Median: 0.54 vs OSTO:PREV B: 0.58

Prevas AB Equity-to-Asset Historical Data

The historical data trend for Prevas AB'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.

Prevas AB Equity-to-Asset Chart

Prevas AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.51 0.57 0.55 0.57

Prevas AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.57 0.59 0.57 0.58

Competitive Comparison of Prevas AB's Equity-to-Asset

For the Information Technology Services subindustry, Prevas AB'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.


Prevas AB's Equity-to-Asset Distribution in the Software Industry

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

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



Prevas AB 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.

Prevas AB's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=604.517/1060.366
=0.57

Prevas AB's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=639.375/1108.959
=0.58

* 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.


Prevas AB  (OSTO:PREV B) 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%.


Prevas AB Equity-to-Asset Related Terms

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Prevas AB (OSTO:PREV B) Business Description

Traded in Other Exchanges
Address
Glodgargrand 14, Box 4, Vasteras, SWE, 72103
Prevas AB is a Sweden-based information technology (IT) company that offers solutions, services, and products to customers, who develop products with high IT content, and need to streamline and automate their operations. The company's products are segmented as automotive, products and units, steel and minerals, defense, energy, life science, manufacturing, engineering, and telecom industries.

Prevas AB (OSTO:PREV B) Headlines

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