LEXXW (Lexaria Bioscience) Equity-to-Asset : 1.01 (As of May. 2024)

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What is Lexaria Bioscience Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lexaria Bioscience's Total Stockholders Equity for the quarter that ended in May. 2024 was $10.12 Mil. Lexaria Bioscience's Total Assets for the quarter that ended in May. 2024 was $10.02 Mil. Therefore, Lexaria Bioscience's Equity to Asset Ratio for the quarter that ended in May. 2024 was 1.01.

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

LEXXW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.96 Max: 1.08
Current: 1.01

During the past 13 years, the highest Equity to Asset Ratio of Lexaria Bioscience was 1.08. The lowest was 0.37. And the median was 0.96.

LEXXW's Equity-to-Asset is ranked better than
99.81% of 1539 companies
in the Biotechnology industry
Industry Median: 0.66 vs LEXXW: 1.01

Lexaria Bioscience Equity-to-Asset Historical Data

The historical data trend for Lexaria Bioscience'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.

Lexaria Bioscience Equity-to-Asset Chart

Lexaria Bioscience Annual Data

Trend

Oct13

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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0.89

1.00

1.02

0.99

Lexaria Bioscience Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Equity-to-Asset	Get a 7-Day Free Trial															0.84	0.99	1.03	1.03	1.01

Competitive Comparison of Lexaria Bioscience's Equity-to-Asset

For the Biotechnology subindustry, Lexaria Bioscience'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.

Lexaria Bioscience's Equity-to-Asset Distribution in the Biotechnology Industry

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

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

Lexaria Bioscience 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.

Lexaria Bioscience's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.044	/	3.084
	=	0.99

Lexaria Bioscience's Equity to Asset Ratio for the quarter that ended in May. 2024 is calculated as

Equity to Asset (Q: May. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	10.123	/	10.018
	=	1.01

Lexaria Bioscience (NAS:LEXXW) 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%.

Lexaria Bioscience Equity-to-Asset Related Terms

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Lexaria Bioscience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Lexaria Bioscience Corp (NAS:LEXXW) » Definitions » Equity-to-Asset

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Traded in Other Exchanges

LEXX:USA

Address

740 McCurdy Road, Suite 100, Kelowna, BC, CAN, V1X 2P7

Website

https://www.lexariabioscience.com

Lexaria Bioscience Corp's patented drug delivery technology, DehydraTECH improves the way active pharmaceutical ingredients enter the bloodstream by promoting more effective oral delivery. DehydraTECH has the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and, in some instances with cannabinoids by as much as 27x compared to standard industry formulations, reduce the time of onset from 1-2 hours to minutes, and mask unwanted tastes. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. The Company has four reportable segments: Intellectual Property Licensing, B2B Production, Research and Development and Corporate. It earns maximum revenue from Intellectual Property Licensing.