GMM (Global Mofy AI) Equity-to-Asset : 0.79 (As of Mar. 2024)

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What is Global Mofy AI Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Global Mofy AI's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $39.10 Mil. Global Mofy AI's Total Assets for the quarter that ended in Mar. 2024 was $49.73 Mil. Therefore, Global Mofy AI's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.79.

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

GMM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04 Med: 0.46 Max: 0.79
Current: 0.79

During the past 4 years, the highest Equity to Asset Ratio of Global Mofy AI was 0.79. The lowest was 0.04. And the median was 0.46.

GMM's Equity-to-Asset is ranked better than
83.69% of 2833 companies
in the Software industry
Industry Median: 0.55 vs GMM: 0.79

Global Mofy AI Equity-to-Asset Historical Data

The historical data trend for Global Mofy AI'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.

Global Mofy AI Equity-to-Asset Chart

Global Mofy AI Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

0.04

0.26

0.46

0.77

Global Mofy AI Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.33	0.46	0.72	0.77	0.79

Competitive Comparison of Global Mofy AI's Equity-to-Asset

For the Information Technology Services subindustry, Global Mofy AI'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.

Global Mofy AI's Equity-to-Asset Distribution in the Software Industry

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

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

Global Mofy AI 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.

Global Mofy AI's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	20.957	/	27.119
	=	0.77

Global Mofy AI's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	39.1	/	49.727
	=	0.79

Global Mofy AI (NAS:GMM) 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%.

Global Mofy AI Equity-to-Asset Related Terms

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Global Mofy AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy AI Ltd (NAS:GMM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

https://ir.globalmofy.cn

Global Mofy AI Ltd, formerly Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.