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RemSense Technologies (ASX:REM) Equity-to-Asset : 0.64 (As of Dec. 2024)


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What is RemSense Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. RemSense Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$2.32 Mil. RemSense Technologies's Total Assets for the quarter that ended in Dec. 2024 was A$3.61 Mil. Therefore, RemSense Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.64.

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

ASX:REM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5   Med: 0.66   Max: 0.82
Current: 0.64

During the past 3 years, the highest Equity to Asset Ratio of RemSense Technologies was 0.82. The lowest was 0.50. And the median was 0.66.

ASX:REM's Equity-to-Asset is ranked better than
62.7% of 2847 companies
in the Software industry
Industry Median: 0.55 vs ASX:REM: 0.64

RemSense Technologies Equity-to-Asset Historical Data

The historical data trend for RemSense Technologies'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.

RemSense Technologies Equity-to-Asset Chart

RemSense Technologies Annual Data
Trend Jun22 Jun23 Jun24
Equity-to-Asset
0.66 0.50 0.67

RemSense Technologies Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Equity-to-Asset Get a 7-Day Free Trial 0.70 0.50 0.52 0.67 0.64

Competitive Comparison of RemSense Technologies's Equity-to-Asset

For the Information Technology Services subindustry, RemSense Technologies'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.

RemSense Technologies's Equity-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where RemSense Technologies's Equity-to-Asset falls into.


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RemSense Technologies 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.

RemSense Technologies'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
=0.992/1.489
=0.67

RemSense Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )=Total Stockholders Equity/Total Assets
=2.323/3.612
=0.64

* 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.

RemSense Technologies  (ASX:REM) 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%.

RemSense Technologies Equity-to-Asset Related Terms

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

RemSense Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Equity-to-Asset
Comparable Companies
ASX:ATV ASX:SOC ASX:AD1 ASX:DXN ASX:CGO ASX:CT1 ASX:IFG ASX:ASV ASX:CCG ASX:CCA IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS TSE:6702 CTSH XMAD:AMS
Traded in Other Exchanges
N/A
Address
580 Hay Street, Suite 173, Level 3, Perth, WA, AUS, 6000
Website
https://www.remsense.com.au
RemSense Technologies Ltd is engaged in technology development digital engineering solutions and its virtual plant photogrammic Digital Twin software product and services in a range of markets and applications in Western Australia. It is engaged in developing and market virtual plant is a productive and scalable photogrammetric digital twin that enables visual information from remote or distributed assets to be securely available to all users on existing hardware. data and analytics services to clients through both aerial and terrestrial scanning and imaging and a broad spectrum of services such as photogrammetry/surveying, inspection of assets, and environmental and rehabilitation impact studies.