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iCetanaASX:ICE Equity-to-Asset is 0.45 as of Dec. 2025, which is 22% below its 10-year median of 0.58. The stock has 4 warning signs investors should review. Among 2,894 Software companies, iCetana ranks worse than 62.54% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. iCetana's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$1.44 Mil. iCetana's Total Assets for the quarter that ended in Dec. 2025 was A$3.18 Mil.
Therefore, iCetana's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.45.
The historical rank and industry rank for iCetana's Equity-to-Asset or its related term are showing as below:
ASX:ICE'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.13 Med: 0.58 Max: 0.83
Current: 0.45
During the past 7 years, the highest Equity to Asset Ratio of iCetana was 0.83. The lowest was -0.13. And the median was 0.58.
ASX:ICE's Equity-to-Asset is ranked worse than 62.54% of 2894
companies
in the Software industry
Industry Median: 0.56
vs ASX:ICE: 0.45
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%.
iCetana Equity-to-Asset Related Terms
iCetana Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for iCetana'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.
ASX:ICE vs QH, SHOP, UBER: Equity-to-Asset Comparison
For the Software - Application subindustry, iCetana'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.
iCetana Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, iCetana's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where iCetana'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.
iCetana'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.
iCetana (ASX:ICE) has a Equity-to-Asset of 0.45 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on iCetana and its competitors. This is 22% below median its historical median of 0.58. According to the industry distribution chart, iCetana ranks #1810 out of 2894 companies in the Software industry, placing it in the top 62.5%.
Is iCetana's Equity-to-Asset too high?
iCetana's current Equity-to-Asset of 0.45 is 22% below median its 10-year median of 0.58. The Software industry median Equity-to-Asset is 0.56. iCetana's value of 0.45 is 19.6% below this industry median. Based on the distribution chart, iCetana ranks #1810 out of 2894 companies in the Software industry, which is below the industry midpoint.
How does iCetana's Equity-to-Asset compare to QH and SHOP?
According to the Software industry distribution chart, iCetana ranks #1810 out of 2894 companies for Equity-to-Asset. This places iCetana in the lower half of its industry. The industry median Equity-to-Asset is 0.56. iCetana's value of 0.45 is 19.6% below this benchmark. While the company's 10-year median is 0.58 vs. the industry median of 0.56, iCetana has consistently been below 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 2,894 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. iCetana's current Equity-to-Asset of 0.45 is 19.6% below 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 iCetana 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. iCetana's current Equity-to-Asset is 0.45, which is 22% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iCetana stock overvalued right now?
Based on GuruFocus' analysis, iCetana (ASX:ICE) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.04 — trading 260% above its estimated fair value. The current Equity-to-Asset is 0.45, which is 22% below median its 10-year median of 0.58 and 19.6% below 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 iCetana (ASX:ICE), the current Equity-to-Asset is 0.45 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.
iCetana Ltd develops and sells AI-assisted video surveillance software that uses machine learning technology to provide automatic real-time anomalous event detection. Its products include Safety and Security, Analytics, Forensic Quick Find, Facial Recognition, Licence Plate Recognition, and GPT Agents. The company operates through three segments: Asia Pacific (APAC), responsible for sales, marketing, and product development in Australia and the broader Asia Pacific region; North America (NA), managing sales and marketing in the United States and Canada; and Europe, Middle East & Africa (EMEA), handling sales and marketing efforts across Europe, the Middle East, and Africa. The majority of revenue comes from the Asia Pacific (APAC) segment.
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