Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Alkami Technology's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $338.5 Mil. Alkami Technology's Total Assets for the quarter that ended in Sep. 2024 was $422.2 Mil.
Therefore, Alkami Technology's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.80.
The historical rank and industry rank for Alkami Technology's Equity-to-Asset or its related term are showing as below:
ALKT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.72 Max: 0.83
Current: 0.8
During the past 5 years, the highest Equity to Asset Ratio of Alkami Technology was 0.83. The lowest was 0.28. And the median was 0.72.
ALKT's Equity-to-Asset is ranked better than 85.35% of 2833
companies
in the Software industry
Industry Median: 0.55
vs ALKT: 0.80
Alkami Technology Equity-to-Asset Historical Data
The historical data trend for Alkami Technology'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 Alkami Technology's Equity-to-Asset
For the Software - Application subindustry, Alkami Technology'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.
Alkami Technology's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Alkami Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Alkami Technology's Equity-to-Asset falls into.
Alkami Technology 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.
Alkami Technology'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.
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%.
Alkami Technology Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Alkami Technology's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alkami Technology Inc is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.
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