Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Target Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-7.00 Mil. Target Group's Total Assets for the quarter that ended in Sep. 2024 was $7.59 Mil.
Therefore, Target Group's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was -0.92.
The historical rank and industry rank for Target Group's Equity-to-Asset or its related term are showing as below:
CBDY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1665 Med: -0.81 Max: 0.69
Current: -0.92
During the past 11 years, the highest Equity to Asset Ratio of Target Group was 0.69. The lowest was -1665.00. And the median was -0.81.
CBDY's Equity-to-Asset is ranked worse than 94.96% of 1032
companies
in the Drug Manufacturers industry
Industry Median: 0.6
vs CBDY: -0.92
Target Group Equity-to-Asset Historical Data
The historical data trend for Target Group'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 Target Group's Equity-to-Asset
For the Drug Manufacturers - Specialty & Generic subindustry, Target Group'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.
Target Group's Equity-to-Asset Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Target Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Target Group'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.
Target Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Target Group (OTCPK:CBDY) 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%.
Target Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Target Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Target Group Inc is engaged in the cultivation, processing, and distribution of curated cannabis products for the adult-use medical and recreational cannabis market in Canada. The company generates revenue from the sale of Wisp vaporizer and pod units.
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