Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Smart for Life's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.95 Mil. Smart for Life's Total Assets for the quarter that ended in Sep. 2023 was $25.54 Mil.
Therefore, Smart for Life's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.04.
The historical rank and industry rank for Smart for Life's Equity-to-Asset or its related term are showing as below:
SMFL'
s Equity-to-Asset Range Over the Past 10 Years
Min: -3.77 Med: -0.08 Max: 0.3
Current: 0.04
During the past 4 years, the highest Equity to Asset Ratio of Smart for Life was 0.30. The lowest was -3.77. And the median was -0.08.
SMFL's Equity-to-Asset is ranked worse than 93.3% of 1926
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs SMFL: 0.04
Smart for Life Equity-to-Asset Historical Data
The historical data trend for Smart for Life'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.
Competitive Comparison of Smart for Life's Equity-to-Asset
For the Packaged Foods subindustry, Smart for Life'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.
Smart for Life's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Smart for Life's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Smart for Life's Equity-to-Asset falls into.
Smart for Life 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.
Smart for Life's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Smart for Life (NAS:SMFL) 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%.
Smart for Life Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Smart for Life's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Smart for Life (Smart for Life) Business Description
Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation, and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.
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