X1 Entertainment Group (XCNQ:XONE) Equity-to-Asset : -0.54 (As of Feb. 2024)

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What is X1 Entertainment Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. X1 Entertainment Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.27 Mil. X1 Entertainment Group's Total Assets for the quarter that ended in Feb. 2024 was C$0.49 Mil.

The historical rank and industry rank for X1 Entertainment Group's Equity-to-Asset or its related term are showing as below:

XCNQ:XONE' s Equity-to-Asset Range Over the Past 10 Years
Min: -26.5 Med: -0.31 Max: 0.75
Current: -0.54

During the past 2 years, the highest Equity to Asset Ratio of X1 Entertainment Group was 0.75. The lowest was -26.50. And the median was -0.31.

XCNQ:XONE's Equity-to-Asset is ranked worse than
94.33% of 1059 companies
in the Media - Diversified industry
Industry Median: 0.52 vs XCNQ:XONE: -0.54

X1 Entertainment Group Equity-to-Asset Historical Data

The historical data trend for X1 Entertainment Group'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.

X1 Entertainment Group Equity-to-Asset Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Equity-to-Asset

0.75

-26.50

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial						-0.08	-4.91	-26.50	-2.72	-0.54

Competitive Comparison of X1 Entertainment Group's Equity-to-Asset

For the Entertainment subindustry, X1 Entertainment Group'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.

X1 Entertainment Group's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where X1 Entertainment Group's Equity-to-Asset falls into.

X1 Entertainment Group 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.

X1 Entertainment Group's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.53	/	0.02
	=

X1 Entertainment Group's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.267	/	0.492
	=

X1 Entertainment Group (XCNQ:XONE) 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%.

X1 Entertainment Group Equity-to-Asset Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.