GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Covista Communications Inc (OTCPK:CVST) » Definitions » Equity-to-Asset

Covista Communications (Covista Communications) Equity-to-Asset : 0.56 (As of Apr. 2005)


View and export this data going back to 2005. Start your Free Trial

What is Covista Communications Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Covista Communications's Total Stockholders Equity for the quarter that ended in Apr. 2005 was $13.48 Mil. Covista Communications's Total Assets for the quarter that ended in Apr. 2005 was $24.31 Mil. Therefore, Covista Communications's Equity to Asset Ratio for the quarter that ended in Apr. 2005 was 0.56.

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: 0.41
* Ranked among companies with meaningful Equity-to-Asset only.

Covista Communications Equity-to-Asset Historical Data

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.

* Premium members only.

Covista Communications Equity-to-Asset Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.05 0.39 0.46 0.50

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.43 0.47 0.50 0.56

Competitive Comparison of Covista Communications's Equity-to-Asset

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's Equity-to-Asset Distribution in the 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.



Covista Communications 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.

Covista Communications's Equity to Asset Ratio for the fiscal year that ended in Jan. 2005 is calculated as

Equity to Asset (A: Jan. 2005 )=Total Stockholders Equity/Total Assets
=13.514/27.231
=0.50

Covista Communications's Equity to Asset Ratio for the quarter that ended in Apr. 2005 is calculated as

Equity to Asset (Q: Apr. 2005 )=Total Stockholders Equity/Total Assets
=13.481/24.311
=0.55

* 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  (OTCPK:CVST) 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%.


Covista Communications Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Covista Communications's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
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.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

Covista Communications (Covista Communications) Headlines

No Headlines