CNTM (ConnectM Technology Solutions) Equity-to-Asset : -2.06 (As of Sep. 2024)

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What is ConnectM Technology Solutions Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ConnectM Technology Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-28.34 Mil. ConnectM Technology Solutions's Total Assets for the quarter that ended in Sep. 2024 was $13.75 Mil. Therefore, ConnectM Technology Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was -2.06.

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

CNTM' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.06 Med: -0.14 Max: 0.49
Current: -2.06

During the past 2 years, the highest Equity to Asset Ratio of ConnectM Technology Solutions was 0.49. The lowest was -2.06. And the median was -0.14.

CNTM's Equity-to-Asset is ranked worse than
97.05% of 2843 companies
in the Software industry
Industry Median: 0.55 vs CNTM: -2.06

ConnectM Technology Solutions Equity-to-Asset Historical Data

The historical data trend for ConnectM Technology Solutions'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.

ConnectM Technology Solutions Equity-to-Asset Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

0.43

-0.04

ConnectM Technology Solutions Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial			-	-0.24	-0.87	0.49	-2.06

Competitive Comparison of ConnectM Technology Solutions's Equity-to-Asset

For the Software - Application subindustry, ConnectM Technology Solutions'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.

ConnectM Technology Solutions's Equity-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where ConnectM Technology Solutions's Equity-to-Asset falls into.

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ConnectM Technology Solutions 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.

ConnectM Technology Solutions's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.405	/	11.058
	=	-0.04

ConnectM Technology Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-28.339	/	13.747
	=	-2.06

ConnectM Technology Solutions (NAS:CNTM) 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%.

ConnectM Technology Solutions Equity-to-Asset Related Terms

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ConnectM Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConnectM Technology Solutions Inc (NAS:CNTM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.