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Vibe Growth (XCNQ:VIBE) Equity-to-Asset : 0.07 (As of Dec. 2023)


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What is Vibe Growth Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vibe Growth's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.45 Mil. Vibe Growth's Total Assets for the quarter that ended in Dec. 2023 was C$21.84 Mil. Therefore, Vibe Growth's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.07.

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

XCNQ:VIBE' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.04   Med: 0.56   Max: 0.82
Current: 0.07

During the past 12 years, the highest Equity to Asset Ratio of Vibe Growth was 0.82. The lowest was -0.04. And the median was 0.56.

XCNQ:VIBE's Equity-to-Asset is ranked worse than
87.28% of 1085 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs XCNQ:VIBE: 0.07

Vibe Growth Equity-to-Asset Historical Data

The historical data trend for Vibe Growth'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.

Vibe Growth Equity-to-Asset Chart

Vibe Growth Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.55 0.65 0.47 0.07

Vibe Growth Quarterly Data
Jan19 Jun19 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 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 0.47 0.46 0.41 0.38 0.07

Competitive Comparison of Vibe Growth's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Vibe Growth'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.


Vibe Growth's Equity-to-Asset Distribution in the Drug Manufacturers Industry

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

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



Vibe Growth 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.

Vibe Growth'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
=1.448/21.84
=0.07

Vibe Growth'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
=1.448/21.84
=0.07

* 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.


Vibe Growth  (XCNQ:VIBE) 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%.


Vibe Growth Equity-to-Asset Related Terms

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


Vibe Growth (XCNQ:VIBE) Business Description

Traded in Other Exchanges
Address
997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B3M1
Vibe Growth Corp is engaged in evaluation, acquiring and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, predominantly in the U.S., in order to become a vertically integrated cannabis operator. The Company currently operates five dispensaries, one distribution and two cultivation operations in the State of California plus one dispensary in Portland, Oregon.
Executives
Hadron Capital (cayman) Limited 10% Security Holder

Vibe Growth (XCNQ:VIBE) Headlines

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