Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Polished.com's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $54.4 Mil. Polished.com's Total Assets for the quarter that ended in Sep. 2023 was $238.8 Mil.
Therefore, Polished.com's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.23.
The historical rank and industry rank for Polished.com's Equity-to-Asset or its related term are showing as below:
POLCQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.52 Med: 0.23 Max: 0.56
Current: 0.23
During the past 5 years, the highest Equity to Asset Ratio of Polished.com was 0.56. The lowest was -0.52. And the median was 0.23.
POLCQ's Equity-to-Asset is ranked worse than 80.84% of 1117
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs POLCQ: 0.23
Polished.com Equity-to-Asset Historical Data
The historical data trend for Polished.com'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 Polished.com's Equity-to-Asset
For the Specialty Retail subindustry, Polished.com'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.
Polished.com's Equity-to-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Polished.com's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Polished.com's Equity-to-Asset falls into.
Polished.com 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.
Polished.com'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.
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%.
Polished.com Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Polished.com's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Polished.com Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products. It sells various products such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. The firm's brand portfolio consists of Bosch, Whirlpool, GE, Maytag, LG, Samsung, Sharp, and Kitchen Aid, among others.
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