Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ITEX's Total Stockholders Equity for the quarter that ended in Jul. 2023 was $8.06 Mil. ITEX's Total Assets for the quarter that ended in Jul. 2023 was $9.05 Mil.
Therefore, ITEX's Equity to Asset Ratio for the quarter that ended in Jul. 2023 was 0.89.
The historical rank and industry rank for ITEX's Equity-to-Asset or its related term are showing as below:
ITEX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.85 Med: 0.88 Max: 0.89
Current: 0.89
During the past 13 years, the highest Equity to Asset Ratio of ITEX was 0.89. The lowest was 0.85. And the median was 0.88.
ITEX's Equity-to-Asset is ranked better than 81.14% of 806
companies
in the Capital Markets industry
Industry Median: 0.495
vs ITEX: 0.89
ITEX Equity-to-Asset Historical Data
The historical data trend for ITEX'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 Capital Markets subindustry, ITEX'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.
ITEX Equity-to-Asset Distribution
For the Capital Markets industry and Financial Services sector, ITEX's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ITEX's Equity-to-Asset falls into.
ITEX 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.
ITEX's Equity to Asset Ratio for the fiscal year that ended in Jul. 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.
ITEX (OTCPK:ITEX) 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%.
ITEX Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of ITEX's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
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