Abaxx Technologies (FRA:36N) Equity-to-Asset : 0.99 (As of Sep. 2024)

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What is Abaxx Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Abaxx Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €36.02 Mil. Abaxx Technologies's Total Assets for the quarter that ended in Sep. 2024 was €36.25 Mil. Therefore, Abaxx Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.99.

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

FRA:36N' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 1.02 Max: 1.08
Current: 0.99

During the past 5 years, the highest Equity to Asset Ratio of Abaxx Technologies was 1.08. The lowest was 0.17. And the median was 1.02.

FRA:36N's Equity-to-Asset is ranked better than
99.68% of 2833 companies
in the Software industry
Industry Median: 0.55 vs FRA:36N: 0.99

Abaxx Technologies Equity-to-Asset Historical Data

The historical data trend for Abaxx Technologies'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.

Abaxx Technologies Equity-to-Asset Chart

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.17

0.91

1.05

1.00

Abaxx Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial															1.00	1.00	1.03	0.99	0.99

Competitive Comparison of Abaxx Technologies's Equity-to-Asset

For the Software - Application subindustry, Abaxx Technologies'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.

Abaxx Technologies's Equity-to-Asset Distribution in the Software Industry

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

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

Abaxx Technologies 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.

Abaxx Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	33.285	/	33.289
	=	1.00

Abaxx Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	36.016	/	36.248
	=	0.99

Abaxx Technologies (FRA:36N) 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%.

Abaxx Technologies Equity-to-Asset Related Terms

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

Abaxx Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abaxx Technologies Inc (FRA:36N) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ABXXF:USA 36N:Germany ABXX:Canada

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a technology company engaged in developing and deploying trust-enabling internet protocols. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

Abaxx Technologies Headlines

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