The historical rank and industry rank for Jet Freight Logistics's Equity-to-Asset or its related term are showing as below:
BOM:543420'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.25 Max: 0.41
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of Jet Freight Logistics was 0.41. The lowest was 0.15. And the median was 0.25.
BOM:543420's Equity-to-Asset is ranked worse than 67.72% of 979
companies
in the Transportation industry
Industry Median: 0.49
vs BOM:543420: 0.36
Jet Freight Logistics Equity-to-Asset Historical Data
The historical data trend for Jet Freight Logistics'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.
Competitive Comparison of Jet Freight Logistics's Equity-to-Asset
For the Integrated Freight & Logistics subindustry, Jet Freight Logistics'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.
Jet Freight Logistics's Equity-to-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Jet Freight Logistics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Jet Freight Logistics's Equity-to-Asset falls into.
Jet Freight Logistics 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.
Jet Freight Logistics's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 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.
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%.
Jet Freight Logistics Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Jet Freight Logistics's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Jet Freight Logistics (BOM:543420) Business Description
Jet Freight Logistics Ltd is engaged in the business of freight Forwarding for handling Perishable, General, and time-sensitive cargo and handling general and other kinds of cargo. The Company is offering a wide range of Supply Chain services such as Air Cargo Door-to-Door (Air Cargo DTD) services, Surface Parcel Delivery (SPD) Services to its customers, and Third Party Warehousing. Jet freight logistics offers a wide variety of services to its clients. Apart from Perishable, Time Sensitive, and General Cargo, the Company's service includes custom Clearance, Logistics Solutions, Shipment of Hazardous cargo, and ODC consignments. The Company operates in a single segment.
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