Tan Delta Systems (LSE:TAND) Equity-to-Asset : 0.90 (As of Dec. 2023)

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What is Tan Delta Systems Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tan Delta Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4.92 Mil. Tan Delta Systems's Total Assets for the quarter that ended in Dec. 2023 was £5.49 Mil.

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

LSE:TAND' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.39 Max: 0.9
Current: 0.9

During the past 4 years, the highest Equity to Asset Ratio of Tan Delta Systems was 0.90. The lowest was 0.30. And the median was 0.39.

LSE:TAND's Equity-to-Asset is ranked better than
92.04% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.5 vs LSE:TAND: 0.90

Tan Delta Systems Equity-to-Asset Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems Equity-to-Asset Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.30

0.47

0.90

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.30	-	0.47	0.17	0.90

Competitive Comparison of Tan Delta Systems's Equity-to-Asset

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Equity-to-Asset falls into.

Tan Delta Systems 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.

Tan Delta Systems'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
	=	4.923	/	5.488
	=	0.90

Tan Delta Systems's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	4.923	/	5.488
	=

Tan Delta Systems (LSE:TAND) 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%.

Tan Delta Systems Equity-to-Asset Related Terms

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

Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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