Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vroom's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $61.5 Mil. Vroom's Total Assets for the quarter that ended in Mar. 2024 was $1,222.3 Mil.
The historical rank and industry rank for Vroom's Equity-to-Asset or its related term are showing as below:
VRM'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.02 Med: 0.26 Max: 0.77
Current: 0.05
During the past 6 years, the highest Equity to Asset Ratio of Vroom was 0.77. The lowest was -1.02. And the median was 0.26.
VRM's Equity-to-Asset is ranked worse than 94.73% of 1310
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs VRM: 0.05
Vroom Equity-to-Asset Historical Data
The historical data trend for Vroom'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.
For the Auto & Truck Dealerships subindustry, Vroom'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.
Vroom's Equity-to-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Vroom's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vroom's Equity-to-Asset falls into.
Vroom 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.
Vroom's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Vroom (NAS:VRM) 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%.
Vroom Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Vroom's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Vroom Inc is an end-to-end e-commerce platform for the used vehicle industry. The Company's scalable, data-driven technology brings all phases of the car buying and selling process to consumers offering an extensive selection of used vehicles, transparent pricing, competitive financing, and at-home pick-up and delivery. Its three reportable segments are: The E-commerce segment represents retail sales of used vehicles through its e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, The Wholesale segment represents sales of used vehicles through wholesale channels, and The Retail Financing segment represents UACC's operations with its network of third-party dealership customers.
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