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The historical rank and industry rank for Covista Communications's Equity-to-Asset or its related term are showing as below:
CVST's Equity-to-Asset is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.4 * Ranked among companies with meaningful Equity-to-Asset only.
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%.
Covista Communications Equity-to-Asset Related Terms
Covista Communications Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Covista Communications'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.
CVST vs FULO, TWER, DTGI: Equity-to-Asset Comparison
For the Telecom Services subindustry, Covista Communications'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.
Covista Communications Equity-to-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Covista Communications's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Covista Communications'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.
Covista Communications's Equity to Asset Ratio for the fiscal year that ended in Jan. 2005 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.
Covista Communications (CVST) has a Equity-to-Asset of 0.56 as of Apr. 2005. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Covista Communications and its competitors.
Is Covista Communications' Equity-to-Asset too high?
Covista Communications' current Equity-to-Asset is 0.56. The Telecommunication Services industry median Equity-to-Asset is 0.40. Covista Communications' value of 0.56 is 40% above this industry median.
How does Covista Communications' Equity-to-Asset compare to FULO and TWER?
Covista Communications' Equity-to-Asset of 0.56 can be compared against companies in the Telecommunication Services industry. The industry median Equity-to-Asset is 0.40. Covista Communications' value of 0.56 is 40% above this benchmark. 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 Telecommunication Services company?
The median Equity-to-Asset among Telecommunication Services companies is 0.40, based on 367 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. Covista Communications's current Equity-to-Asset of 0.56 is 40% above the industry median. 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 Covista Communications and its competitors. For the Telecommunication Services industry, the median Equity-to-Asset is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covista Communications's current Equity-to-Asset is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covista Communications stock overvalued right now?
Covista Communications (CVST) has a current Equity-to-Asset of 0.56. The current Equity-to-Asset is 0.56 and 40% above the Telecommunication Services industry median of 0.40. 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 Covista Communications (CVST), the current Equity-to-Asset is 0.56 as of Apr. 2005. 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.
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
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