SOAR Technology Acquisition (SOAR Technology Acquisition) Equity-to-Asset : 0.96 (As of Sep. 2022)

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What is SOAR Technology Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SOAR Technology Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $230.53 Mil. SOAR Technology Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $239.68 Mil.

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

FLYA's Equity-to-Asset is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.81
* Ranked among companies with meaningful Equity-to-Asset only.

SOAR Technology Acquisition Equity-to-Asset Historical Data

The historical data trend for SOAR Technology Acquisition'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.

SOAR Technology Acquisition Equity-to-Asset Chart

SOAR Technology Acquisition Annual Data

Trend

Dec21

Equity-to-Asset

0.92

SOAR Technology Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Equity-to-Asset	Get a 7-Day Free Trial			0.91	0.92	0.94	0.95	0.96

Competitive Comparison of SOAR Technology Acquisition's Equity-to-Asset

For the Shell Companies subindustry, SOAR Technology Acquisition'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.

SOAR Technology Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SOAR Technology Acquisition's Equity-to-Asset distribution charts can be found below:

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

SOAR Technology Acquisition 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.

SOAR Technology Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	220.666	/	238.978
	=

SOAR Technology Acquisition's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	230.525	/	239.678
	=

SOAR Technology Acquisition (NYSE:FLYA) 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%.

SOAR Technology Acquisition Equity-to-Asset Related Terms

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

SOAR Technology Acquisition (SOAR Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SOAR Technology Acquisition Corp (NYSE:FLYA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Park Avenue S, PMB 74335, New York, NY, USA, 10003

Website

https://www.soartechnologyacq.com

SOAR Technology Acquisition Corp is a blank check company.

Executives

Peter M Kern	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Patrick Pichette	director	2660 BAY MEADOW, ST LAZARE, QUEBEC CANADA A8 00000
Vicky Bathija	officer: See Remarks	2000 PONCE DE LEON BLVD., SUITE 500, CORAL GABLES FL 33134
Mark J Coleman	officer: See Remarks	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Soar Technology Sponsor, Lp	10 percent owner	228 PARK AVE S PMB 74335, NEW YORK NY 10003-1502
Jpk Seed Capital, Llc	10 percent owner	228 PARK AVENUE S PMB 99312, NEW YORK NY 10003-1502
Joe Poulin	director, 10 percent owner, officer: Chief Executive Officer	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Martha J Tredgett	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Chris Arsenault	director	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Greg W. Greeley	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174

SOAR Technology Acquisition (SOAR Technology Acquisition) Headlines

From GuruFocus

SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 09-20-2021

SOAR Technology Acquisition Corp. Intends to Extend Period to Consummate Initial Business Combination

By Business Wire Business Wire • 12-01-2022

SOAR Technology Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing November 8, 2021

By Business Wire Business Wire • 11-06-2021

SOAR Technology Acquisition Corp. Announces Liquidation

By Business Wire Business Wire • 12-20-2022