Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cue Health's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $250.25 Mil. Cue Health's Total Assets for the quarter that ended in Dec. 2023 was $339.79 Mil.
Therefore, Cue Health's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.74.
The historical rank and industry rank for Cue Health's Equity-to-Asset or its related term are showing as below:
HLTH'
s Equity-to-Asset Range Over the Past 10 Years
Min: -2.13 Med: 0.74 Max: 0.83
Current: 0.74
During the past 5 years, the highest Equity to Asset Ratio of Cue Health was 0.83. The lowest was -2.13. And the median was 0.74.
HLTH's Equity-to-Asset is ranked better than 82.27% of 671
companies
in the Healthcare Providers & Services industry
Industry Median: 0.47
vs HLTH: 0.74
Cue Health Equity-to-Asset Historical Data
The historical data trend for Cue Health'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 Health Information Services subindustry, Cue Health'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.
Cue Health Equity-to-Asset Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cue Health's Equity-to-Asset falls into.
Cue Health 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.
Cue Health'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.
Cue Health (NAS:HLTH) 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%.
Cue Health Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Cue Health's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.
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