Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Luna Innovations's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $94.6 Mil. Luna Innovations's Total Assets for the quarter that ended in Sep. 2023 was $165.1 Mil.
Therefore, Luna Innovations's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.57.
The historical rank and industry rank for Luna Innovations's Equity-to-Asset or its related term are showing as below:
LUNA'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.64 Max: 0.83
Current: 0.57
During the past 13 years, the highest Equity to Asset Ratio of Luna Innovations was 0.83. The lowest was 0.57. And the median was 0.64.
LUNA's Equity-to-Asset is ranked better than 50.85% of 2484
companies
in the Hardware industry
Industry Median: 0.57
vs LUNA: 0.57
Luna Innovations Equity-to-Asset Historical Data
The historical data trend for Luna Innovations'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.
Competitive Comparison of Luna Innovations's Equity-to-Asset
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luna Innovations's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Luna Innovations's Equity-to-Asset falls into.
Luna Innovations 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.
Luna Innovations's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
Luna Innovations (NAS:LUNA) 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%.
Luna Innovations Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Luna Innovations's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Luna Innovations (Luna Innovations) Business Description
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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