Nutritional Growth Solutions (ASX:NGS) Equity-to-Asset : -0.19 (As of Dec. 2023)

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What is Nutritional Growth Solutions Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nutritional Growth Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-0.26 Mil. Nutritional Growth Solutions's Total Assets for the quarter that ended in Dec. 2023 was A$1.40 Mil. Therefore, Nutritional Growth Solutions's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.19.

The historical rank and industry rank for Nutritional Growth Solutions's Equity-to-Asset or its related term are showing as below:

ASX:NGS' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.19 Med: 0.75 Max: 0.83
Current: -0.19

During the past 4 years, the highest Equity to Asset Ratio of Nutritional Growth Solutions was 0.83. The lowest was -0.19. And the median was 0.75.

ASX:NGS's Equity-to-Asset is ranked worse than
95.32% of 1925 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs ASX:NGS: -0.19

Nutritional Growth Solutions Equity-to-Asset Historical Data

The historical data trend for Nutritional Growth Solutions'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.

Nutritional Growth Solutions Equity-to-Asset Chart

Nutritional Growth Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.83

0.82

0.69

-0.19

Nutritional Growth Solutions Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.82	0.71	0.69	0.40	-0.19

Competitive Comparison of Nutritional Growth Solutions's Equity-to-Asset

For the Packaged Foods subindustry, Nutritional Growth Solutions'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.

Nutritional Growth Solutions's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nutritional Growth Solutions's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nutritional Growth Solutions's Equity-to-Asset falls into.

Nutritional Growth Solutions 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.

Nutritional Growth Solutions's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.264	/	1.398
	=	-0.19

Nutritional Growth Solutions's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.264	/	1.398
	=	-0.19

Nutritional Growth Solutions (ASX:NGS) 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%.

Nutritional Growth Solutions Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Nutritional Growth Solutions's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nutritional Growth Solutions (ASX:NGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068

Website

https://www.ngsolutions.co

Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.