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FOXX (Foxx Development Holdings) Equity-to-Asset : 0.07 (As of Dec. 2024)


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What is Foxx Development Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Foxx Development Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $2.20 Mil. Foxx Development Holdings's Total Assets for the quarter that ended in Dec. 2024 was $31.94 Mil. Therefore, Foxx Development Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.07.

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

FOXX' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.04   Med: -0.59   Max: 0.07
Current: 0.07

During the past 3 years, the highest Equity to Asset Ratio of Foxx Development Holdings was 0.07. The lowest was -1.04. And the median was -0.59.

FOXX's Equity-to-Asset is ranked worse than
95.93% of 2459 companies
in the Hardware industry
Industry Median: 0.57 vs FOXX: 0.07

Foxx Development Holdings Equity-to-Asset Historical Data

The historical data trend for Foxx Development Holdings'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.

Foxx Development Holdings Equity-to-Asset Chart

Foxx Development Holdings Annual Data
Trend Jun22 Jun23 Jun24
Equity-to-Asset
-1.04 -0.29 -0.75

Foxx Development Holdings Quarterly Data
Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only -0.59 -0.79 -0.75 0.01 0.07

Competitive Comparison of Foxx Development Holdings's Equity-to-Asset

For the Consumer Electronics subindustry, Foxx Development Holdings'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.

Foxx Development Holdings's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Foxx Development Holdings's Equity-to-Asset distribution charts can be found below:

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


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Foxx Development Holdings 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.

Foxx Development Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )=Total Stockholders Equity/Total Assets
=-4.002/5.374
=-0.74

Foxx Development Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )=Total Stockholders Equity/Total Assets
=2.203/31.936
=0.07

* 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.

Foxx Development Holdings  (NAS:FOXX) 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%.

Foxx Development Holdings Equity-to-Asset Related Terms

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

Foxx Development Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foxx Development Holdings Inc (NAS:FOXX) » Definitions » Equity-to-Asset
Comparable Companies
AXIL ZEPP KOSS FEBO TKLS MSN WTO RIME WLDS UEIC AAPL XKRX:005930 HKSE:01810 TSE:6758 TSE:6752 SHSE:688036 SZSE:002241 SHSE:603296 XKRX:066570 BOM:540699
Traded in Other Exchanges
N/A
Address
13575 Barranca Parkway C106, Irvine, CA, USA, 92618
Website
https://www.foxxusa.com
Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers. Its products include tablets, smartphones, wearables, and other high-quality communication terminals.