California Nanotechnologies (California Nanotechnologies) Equity-to-Asset : 0.15 (As of Nov. 2023)

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What is California Nanotechnologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. California Nanotechnologies's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $0.39 Mil. California Nanotechnologies's Total Assets for the quarter that ended in Nov. 2023 was $2.64 Mil. Therefore, California Nanotechnologies's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.15.

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

CANOF' s Equity-to-Asset Range Over the Past 10 Years
Min: -4.55 Med: -1.65 Max: 0.15
Current: 0.15

During the past 13 years, the highest Equity to Asset Ratio of California Nanotechnologies was 0.15. The lowest was -4.55. And the median was -1.65.

CANOF's Equity-to-Asset is ranked worse than
95.67% of 1571 companies
in the Chemicals industry
Industry Median: 0.59 vs CANOF: 0.15

California Nanotechnologies Equity-to-Asset Historical Data

The historical data trend for California Nanotechnologies'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.

California Nanotechnologies Equity-to-Asset Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Equity-to-Asset

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-1.51

-1.86

-2.82

-1.12

-0.91

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial															-0.94	-0.91	-0.89	-0.53	0.15

Competitive Comparison of California Nanotechnologies's Equity-to-Asset

For the Specialty Chemicals subindustry, California Nanotechnologies'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.

California Nanotechnologies's Equity-to-Asset Distribution in the Chemicals Industry

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

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

California Nanotechnologies 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.

California Nanotechnologies's Equity to Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Equity to Asset (A: Feb. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.947	/	1.037
	=	-0.91

California Nanotechnologies's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.389	/	2.644
	=	0.15

California Nanotechnologies (OTCPK:CANOF) 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%.

California Nanotechnologies Equity-to-Asset Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.