Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Edesa Biotech's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $2.26 Mil. Edesa Biotech's Total Assets for the quarter that ended in Dec. 2024 was $4.16 Mil.
The historical rank and industry rank for Edesa Biotech's Equity-to-Asset or its related term are showing as below:
EDSA'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.86 Max: 0.97
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Edesa Biotech was 0.97. The lowest was 0.52. And the median was 0.86.
EDSA's Equity-to-Asset is ranked worse than 61.46% of 1505
companies
in the Biotechnology industry
Industry Median: 0.67
vs EDSA: 0.54
Edesa Biotech Equity-to-Asset Historical Data
The historical data trend for Edesa Biotech'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 Edesa Biotech's Equity-to-Asset
For the Biotechnology subindustry, Edesa Biotech'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.
Edesa Biotech's Equity-to-Asset Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Edesa Biotech's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Edesa Biotech'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.
Edesa Biotech's Equity to Asset Ratio for the fiscal year that ended in Sep. 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%.
Edesa Biotech Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Edesa Biotech's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Edesa Biotech Inc is a biotechnology company focused on inflammatory and immune-related diseases. It is involved in exploring novel ways to treat these diseases, including alternatives to topical steroids, which can have side effects. The company's product candidate, EB06, is an anti-CXCL10 monoclonal antibody candidate and is being developed as a therapy for vitiligo, a common autoimmune disorder that causes the skin to lose its color in patches. The other drug candidates in its product pipeline include EB05, EB07, and EB01 which are in their different phases of development.
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