FAAS (DigiAsia) Equity-to-Asset : 1.15 (As of Jun. 2023)

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What is DigiAsia Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. DigiAsia's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $59.30 Mil. DigiAsia's Total Assets for the quarter that ended in Jun. 2023 was $51.80 Mil. Therefore, DigiAsia's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 1.15.

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

FAAS's Equity-to-Asset is not ranked ^*
in the Software industry.
Industry Median: 0.55
* Ranked among companies with meaningful Equity-to-Asset only.

DigiAsia Equity-to-Asset Historical Data

The historical data trend for DigiAsia'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.

DigiAsia Equity-to-Asset Chart

DigiAsia Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

1.94

1.88

DigiAsia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	1.94	-	1.88	1.15

Competitive Comparison of DigiAsia's Equity-to-Asset

For the Software - Infrastructure subindustry, DigiAsia'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.

DigiAsia's Equity-to-Asset Distribution in the Software Industry

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

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

DigiAsia 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.

DigiAsia'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
	=	58.368	/	31.052
	=	1.88

DigiAsia's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	59.3	/	51.799
	=	1.14

DigiAsia (NAS:FAAS) 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%.

DigiAsia Equity-to-Asset Related Terms

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DigiAsia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Corp operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.