Probiotix Health (FRA:X90) Equity-to-Asset : 0.73 (As of Jun. 2023)

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What is Probiotix Health Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Probiotix Health's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €2.12 Mil. Probiotix Health's Total Assets for the quarter that ended in Jun. 2023 was €2.90 Mil. Therefore, Probiotix Health's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.73.

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

FRA:X90' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.5 Med: 0.37 Max: 0.9
Current: 0.73

During the past 4 years, the highest Equity to Asset Ratio of Probiotix Health was 0.90. The lowest was -0.50. And the median was 0.37.

FRA:X90's Equity-to-Asset is ranked better than
56.51% of 1559 companies
in the Biotechnology industry
Industry Median: 0.67 vs FRA:X90: 0.73

Probiotix Health Equity-to-Asset Historical Data

The historical data trend for Probiotix Health'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.

Probiotix Health Equity-to-Asset Chart

Probiotix Health Annual Data

Trend

Dec18

Dec19

Dec20

Dec22

Equity-to-Asset

0.01

-0.50

-0.47

0.85

Probiotix Health Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial			-0.47	-	0.90	0.85	0.73

Competitive Comparison of Probiotix Health's Equity-to-Asset

For the Biotechnology subindustry, Probiotix Health'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.

Probiotix Health's Equity-to-Asset Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Probiotix Health's Equity-to-Asset distribution charts can be found below:

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

Probiotix Health 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.

Probiotix Health'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
	=	2.289	/	2.693
	=

Probiotix Health'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
	=	2.115	/	2.896
	=	0.73

Probiotix Health (FRA:X90) 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%.

Probiotix Health Equity-to-Asset Related Terms

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

Probiotix Health (FRA:X90) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Probiotix Health PLC (FRA:X90) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

PBX:UK X90:Germany

Address

Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB

Website

https://www.probiotixhealth-ir.com

Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

Probiotix Health (FRA:X90) Headlines

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