Steep Hill (XCNQ:STPH) Equity-to-Asset : 0.60 (As of Dec. 2023)

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What is Steep Hill Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Steep Hill's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.65 Mil. Steep Hill's Total Assets for the quarter that ended in Dec. 2023 was C$2.76 Mil.

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

XCNQ:STPH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.7 Max: 0.88
Current: 0.6

During the past 5 years, the highest Equity to Asset Ratio of Steep Hill was 0.88. The lowest was 0.28. And the median was 0.70.

XCNQ:STPH's Equity-to-Asset is ranked better than
53.27% of 1087 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs XCNQ:STPH: 0.60

Steep Hill Equity-to-Asset Historical Data

The historical data trend for Steep Hill'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.

Steep Hill Equity-to-Asset Chart

Steep Hill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.88

0.70

0.78

0.28

0.60

Steep Hill Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial													0.28	0.64	0.64	0.45	0.60

Competitive Comparison of Steep Hill's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Steep Hill'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.

Steep Hill's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Steep Hill's Equity-to-Asset distribution charts can be found below:

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

Steep Hill 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.

Steep Hill'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
	=	1.651	/	2.757
	=

Steep Hill's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.651	/	2.757
	=

Steep Hill (XCNQ:STPH) 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%.

Steep Hill Equity-to-Asset Related Terms

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

Steep Hill (XCNQ:STPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Steep Hill Inc (XCNQ:STPH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.steephill.com

Steep Hill Inc is a science and technology health and wellness company focused on the hemp markets inclusive of plant-based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals. Currently the company, through its subsidiaries holds three industrial hemp licences for the purposes of supplying the global market with medicinal and wellness cannabidiol and other cannabinoid-based products.

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