Banxa Holdings (Banxa Holdings) Equity-to-Asset : -0.33 (As of Dec. 2023)

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What is Banxa Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Banxa Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3.7 Mil. Banxa Holdings's Total Assets for the quarter that ended in Dec. 2023 was $11.2 Mil. Therefore, Banxa Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.33.

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

BNXAF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.33 Med: 0.4 Max: 0.76
Current: -0.33

During the past 4 years, the highest Equity to Asset Ratio of Banxa Holdings was 0.76. The lowest was -0.33. And the median was 0.40.

BNXAF's Equity-to-Asset is ranked worse than
94.08% of 2836 companies
in the Software industry
Industry Median: 0.55 vs BNXAF: -0.33

Banxa Holdings Equity-to-Asset Historical Data

The historical data trend for Banxa 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.

* Premium members only.

Banxa Holdings Equity-to-Asset Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.30

0.76

0.48

-0.13

Banxa Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial												0.32	0.28	-0.13	-0.29	-0.33

Competitive Comparison of Banxa Holdings's Equity-to-Asset

For the Information Technology Services subindustry, Banxa 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.

Banxa Holdings's Equity-to-Asset Distribution in the Software Industry

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

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

Banxa Holdings 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.

Banxa Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.486	/	11.09
	=	-0.13

Banxa Holdings'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
	=	-3.659	/	11.195
	=	-0.33

Banxa Holdings (OTCPK:BNXAF) 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%.

Banxa Holdings Equity-to-Asset Related Terms

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Banxa Holdings (Banxa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (OTCPK:BNXAF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

AC00:Germany BNXA:Canada

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.