Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FirstWave Cloud TechnologyASX:FCT Equity-to-Asset is 0.65 as of Dec. 2025, which is 7% above its 10-year median of 0.61. The stock has 6 warning signs investors should review. Among 2,890 Software companies, FirstWave Cloud Technology ranks better than 63.25% on this metric.
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%.
FirstWave Cloud Technology Equity-to-Asset Related Terms
FirstWave Cloud Technology Equity-to-Asset Historical Data
* 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.
ASX:FCT vs MSFT, ORCL, PLTR: Equity-to-Asset Comparison
For the Software - Infrastructure subindustry, FirstWave Cloud 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.
FirstWave Cloud Technology Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, FirstWave Cloud Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where FirstWave Cloud Technology's Equity-to-Asset falls into.
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.
FirstWave Cloud Technology's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 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.
FirstWave Cloud Technology (ASX:FCT) has a Equity-to-Asset of 0.65 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on FirstWave Cloud Technology and its competitors. This is near median its historical median of 0.61. Over the past decade, FirstWave Cloud Technology's Equity-to-Asset has ranged from 0.30 to 0.85. According to the industry distribution chart, FirstWave Cloud Technology ranks #1062 out of 2890 companies in the Software industry, placing it in the top 36.7%.
Is FirstWave Cloud Technology's Equity-to-Asset too high?
FirstWave Cloud Technology's current Equity-to-Asset of 0.65 is near median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.85. The Software industry median Equity-to-Asset is 0.56. FirstWave Cloud Technology's value of 0.65 is 16.1% above this industry median. Based on the distribution chart, FirstWave Cloud Technology ranks #1062 out of 2890 companies in the Software industry, which is above the industry midpoint.
How does FirstWave Cloud Technology's Equity-to-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, FirstWave Cloud Technology ranks #1062 out of 2890 companies for Equity-to-Asset. This puts FirstWave Cloud Technology in the upper half of its industry. The industry median Equity-to-Asset is 0.56. FirstWave Cloud Technology's value of 0.65 is 16.1% above this benchmark. Historically, FirstWave Cloud Technology's own Equity-to-Asset has ranged from 0.30 to 0.85 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.56, FirstWave Cloud Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,890 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FirstWave Cloud Technology's current Equity-to-Asset of 0.65 is 16.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on FirstWave Cloud Technology and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstWave Cloud Technology's current Equity-to-Asset is 0.65, which is near median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstWave Cloud Technology stock overvalued right now?
Based on GuruFocus' analysis, FirstWave Cloud Technology (ASX:FCT) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 30% below its estimated fair value. The current Equity-to-Asset is 0.65, which is near median its 10-year median of 0.61 and 16.1% above the Software industry median of 0.56. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For FirstWave Cloud Technology (ASX:FCT), the current Equity-to-Asset is 0.65 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
FirstWave Cloud Technology Ltd is a technology company offering a comprehensive end-to-end solution for network discovery, management, and cybersecurity by developing and selling network monitoring and internet security software. Its product offerings include NMIS9 (Network Management Information System), Secure Traffic Manager Platform, CyberCision Platform, and Open-Audit (a network auditing discovery solution), among others. The company mainly caters to the needs of MSPs and service providers, government entities, and enterprises. It has only one reportable segment, being the development and sale of software. Geographically, the company generates maximum revenue from its business in Australia, followed by the USA and Canada, Latin America, and the Rest of the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:FCT has been successfully added to your 
