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AS-IP Tech (AS-IP Tech) Equity-to-Asset : -92.62 (As of Mar. 2023)


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What is AS-IP Tech Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AS-IP Tech's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-2.69 Mil. AS-IP Tech's Total Assets for the quarter that ended in Mar. 2023 was $0.03 Mil. Therefore, AS-IP Tech's Equity to Asset Ratio for the quarter that ended in Mar. 2023 was -92.62.

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

IPTK's Equity-to-Asset is not ranked *
in the Hardware industry.
Industry Median: 0.57
* Ranked among companies with meaningful Equity-to-Asset only.

AS-IP Tech Equity-to-Asset Historical Data

The historical data trend for AS-IP Tech'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.

AS-IP Tech Equity-to-Asset Chart

AS-IP Tech Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.48 -22.70 -99.44 -8.34 -16.33

AS-IP Tech Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.84 -16.33 -79.90 -61.83 -92.62

Competitive Comparison of AS-IP Tech's Equity-to-Asset

For the Communication Equipment subindustry, AS-IP Tech'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.


AS-IP Tech's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AS-IP Tech's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where AS-IP Tech's Equity-to-Asset falls into.



AS-IP Tech 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.

AS-IP Tech's Equity to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Equity to Asset (A: Jun. 2022 )=Total Stockholders Equity/Total Assets
=-2.172/0.133
=

AS-IP Tech's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )=Total Stockholders Equity/Total Assets
=-2.686/0.029
=-92.62

* 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.


AS-IP Tech  (OTCPK:IPTK) 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%.


AS-IP Tech Equity-to-Asset Related Terms

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


AS-IP Tech (AS-IP Tech) Business Description

Traded in Other Exchanges
N/A
Address
1/15 Castles Drive, Torquay, VIC, AUS, 3228
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
Executives
Richard Lukso director 5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels director, officer: Chief Financial Officer 88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman director, 10 percent owner, officer: Chief Executive Officer 160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell director 5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul 10 percent owner 100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-03-2022

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-13-2022

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire 05-08-2023