hipages Group Holdings (ASX:HPG) Equity-to-Asset : 0.61 (As of Jun. 2024)

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What is hipages Group Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. hipages Group Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$38.76 Mil. hipages Group Holdings's Total Assets for the quarter that ended in Jun. 2024 was A$63.81 Mil. Therefore, hipages Group Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.61.

The historical rank and industry rank for hipages Group Holdings's Equity-to-Asset or its related term are showing as below:

ASX:HPG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.6 Max: 0.62
Current: 0.61

During the past 5 years, the highest Equity to Asset Ratio of hipages Group Holdings was 0.62. The lowest was 0.55. And the median was 0.60.

ASX:HPG's Equity-to-Asset is ranked better than
58.91% of 2852 companies
in the Software industry
Industry Median: 0.55 vs ASX:HPG: 0.61

hipages Group Holdings Equity-to-Asset Historical Data

The historical data trend for hipages Group Holdings'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.

* Premium members only.

hipages Group Holdings Equity-to-Asset Chart

hipages Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Equity-to-Asset

0.60

0.62

0.55

0.61

hipages Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial			0.55	0.56	0.55	0.61	0.61

Competitive Comparison of hipages Group Holdings's Equity-to-Asset

For the Software - Application subindustry, hipages Group Holdings'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.

hipages Group Holdings's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, hipages Group Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where hipages Group Holdings's Equity-to-Asset falls into.

hipages Group Holdings 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.

hipages Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	38.758	/	63.811
	=	0.61

hipages Group Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	38.758	/	63.811
	=	0.61

hipages Group Holdings (ASX:HPG) 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%.

hipages Group Holdings Equity-to-Asset Related Terms

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hipages Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hipages Group Holdings Ltd (ASX:HPG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.hipagesgroup.com.au

hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (hipages online tradie platform), and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.

hipages Group Holdings Headlines

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