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AirBoss of America (AirBoss of America) Equity-to-Asset : 0.42 (As of Dec. 2023)


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What is AirBoss of America Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AirBoss of America's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $148.9 Mil. AirBoss of America's Total Assets for the quarter that ended in Dec. 2023 was $356.7 Mil. Therefore, AirBoss of America's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.

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

ABSSF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42   Med: 0.5   Max: 0.53
Current: 0.42

During the past 13 years, the highest Equity to Asset Ratio of AirBoss of America was 0.53. The lowest was 0.42. And the median was 0.50.

ABSSF's Equity-to-Asset is ranked worse than
76.78% of 1572 companies
in the Chemicals industry
Industry Median: 0.59 vs ABSSF: 0.42

AirBoss of America Equity-to-Asset Historical Data

The historical data trend for AirBoss of America'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.

AirBoss of America Equity-to-Asset Chart

AirBoss of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.53 0.53 0.45 0.42

AirBoss of America Quarterly Data
Mar19 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 0.45 0.45 0.47 0.46 0.42

Competitive Comparison of AirBoss of America's Equity-to-Asset

For the Specialty Chemicals subindustry, AirBoss of America'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.


AirBoss of America's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where AirBoss of America's Equity-to-Asset falls into.



AirBoss of America 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.

AirBoss of America'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
=148.857/356.656
=0.42

AirBoss of America'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
=148.857/356.656
=0.42

* 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.


AirBoss of America  (OTCPK:ABSSF) 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%.


AirBoss of America Equity-to-Asset Related Terms

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AirBoss of America (AirBoss of America) Business Description

Traded in Other Exchanges
Address
16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8
AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.

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