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Stepchange HoldingsASX:STH 14 Equity-to-Asset is 0.67 as of Dec. 2025, which is 158% above its 10-year median of 0.26. GuruFocus rates ASX:STH with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 2,892 Software companies, Stepchange Holdings ranks better than 65.84% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Stepchange Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$21.91 Mil. Stepchange Holdings's Total Assets for the quarter that ended in Dec. 2025 was A$32.92 Mil.
Therefore, Stepchange Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.67.
The historical rank and industry rank for Stepchange Holdings's Equity-to-Asset or its related term are showing as below:
ASX:STH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.26 Max: 0.67
Current: 0.67
During the past 2 years, the highest Equity to Asset Ratio of Stepchange Holdings was 0.67. The lowest was 0.23. And the median was 0.26.
ASX:STH's Equity-to-Asset is ranked better than 65.84% of 2892
companies
in the Software industry
Industry Median: 0.56
vs ASX:STH: 0.67
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%.
Stepchange Holdings Equity-to-Asset Related Terms
Stepchange Holdings Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Stepchange 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.
ASX:STH vs QH, SHOP, UBER: Equity-to-Asset Comparison
For the Software - Application subindustry, Stepchange 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.
Stepchange Holdings Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings'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.
Stepchange Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 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.
Stepchange Holdings (ASX:STH) has a Equity-to-Asset of 0.67 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Stepchange Holdings and its competitors. This is 158% above median its historical median of 0.26. Over the past decade, Stepchange Holdings' Equity-to-Asset has ranged from 0.23 to 0.67. According to the industry distribution chart, Stepchange Holdings ranks #988 out of 2892 companies in the Software industry, placing it in the top 34.2%.
Is Stepchange Holdings' Equity-to-Asset too high?
Stepchange Holdings' current Equity-to-Asset of 0.67 is 158% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.67. The Software industry median Equity-to-Asset is 0.56. Stepchange Holdings' value of 0.67 is 19.6% above this industry median. Based on the distribution chart, Stepchange Holdings ranks #988 out of 2892 companies in the Software industry, which is above the industry midpoint. Overall, Stepchange Holdings has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' Equity-to-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #988 out of 2892 companies for Equity-to-Asset. This puts Stepchange Holdings in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Stepchange Holdings' value of 0.67 is 19.6% above this benchmark. Historically, Stepchange Holdings' own Equity-to-Asset has ranged from 0.23 to 0.67 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.56, Stepchange Holdings 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 2,892 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. Stepchange Holdings's current Equity-to-Asset of 0.67 is 19.6% 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 Stepchange Holdings 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. Stepchange Holdings's current Equity-to-Asset is 0.67, which is 158% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current Equity-to-Asset of 0.67. The current Equity-to-Asset is 0.67, which is 158% above median its 10-year median of 0.26 and 19.6% above the Software industry median of 0.56. Stepchange Holdings' overall GF Score™ is 14/100 with 1 warning sign to review. 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 Stepchange Holdings (ASX:STH), the current Equity-to-Asset is 0.67 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.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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