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X2M ConnectASX:X2M Equity-to-Asset is -0.94 as of Dec. 2025. The stock has 8 warning signs investors should review. Among 2,498 Hardware companies, X2M Connect ranks worse than 98.56% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. X2M Connect's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$-4.49 Mil. X2M Connect's Total Assets for the quarter that ended in Dec. 2025 was A$4.78 Mil.
Therefore, X2M Connect's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was -0.94.
The historical rank and industry rank for X2M Connect's Equity-to-Asset or its related term are showing as below:
ASX:X2M'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.72 Med: 0.02 Max: 0.76
Current: -0.94
During the past 4 years, the highest Equity to Asset Ratio of X2M Connect was 0.76. The lowest was -1.72. And the median was 0.02.
ASX:X2M's Equity-to-Asset is ranked worse than 98.56% of 2498
companies
in the Hardware industry
Industry Median: 0.57
vs ASX:X2M: -0.94
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%.
X2M Connect Equity-to-Asset Related Terms
X2M Connect Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for X2M Connect'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:X2M vs COHR, KEYS, GRMN: Equity-to-Asset Comparison
For the Scientific & Technical Instruments subindustry, X2M Connect'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.
X2M Connect Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, X2M Connect's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where X2M Connect'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.
X2M Connect'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.
X2M Connect (ASX:X2M) has a Equity-to-Asset of -0.94 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on X2M Connect and its competitors. According to the industry distribution chart, X2M Connect ranks #2462 out of 2498 companies in the Hardware industry, placing it in the top 98.6%.
Is X2M Connect's Equity-to-Asset too high?
X2M Connect's current Equity-to-Asset is -0.94. Based on the distribution chart, X2M Connect ranks #2462 out of 2498 companies in the Hardware industry, which is in the bottom quartile relative to peers.
How does X2M Connect's Equity-to-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, X2M Connect ranks #2462 out of 2498 companies for Equity-to-Asset. This places X2M Connect in the lower half of its industry. The industry median Equity-to-Asset is 0.57. 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 Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,498 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. 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 X2M Connect and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. X2M Connect's current Equity-to-Asset is -0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is X2M Connect stock overvalued right now?
Based on GuruFocus' analysis, X2M Connect (ASX:X2M) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.00 — trading 80% below its estimated fair value. The current Equity-to-Asset is -0.94. 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 X2M Connect (ASX:X2M), the current Equity-to-Asset is -0.94 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.
X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors and which enables data exchange and control of these devices. The company's geographical segment includes South Korea, China, Taiwan, and other countries. It derives a majority of revenue from South Korea.
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