Tribe Technology (LSE:TRYB) Equity-to-Asset : 0.14 (As of Dec. 2023)

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What is Tribe Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tribe Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £1.10 Mil. Tribe Technology's Total Assets for the quarter that ended in Dec. 2023 was £7.98 Mil.

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

LSE:TRYB' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.67 Med: -0.32 Max: 0.14
Current: 0.14

During the past 3 years, the highest Equity to Asset Ratio of Tribe Technology was 0.14. The lowest was -0.67. And the median was -0.32.

LSE:TRYB's Equity-to-Asset is ranked worse than
91.94% of 211 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.47 vs LSE:TRYB: 0.14

Tribe Technology Equity-to-Asset Historical Data

The historical data trend for Tribe Technology'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.

Tribe Technology Equity-to-Asset Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

-0.67

-0.32

-0.51

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-	-0.32	-0.17	-0.51	0.14

Competitive Comparison of Tribe Technology's Equity-to-Asset

For the Farm & Heavy Construction Machinery subindustry, Tribe Technology'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.

Tribe Technology's Equity-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tribe Technology's Equity-to-Asset distribution charts can be found below:

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

Tribe Technology 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.

Tribe Technology's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.754	/	3.445
	=	-0.51

Tribe Technology'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
	=	1.102	/	7.975
	=

Tribe Technology (LSE:TRYB) 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%.

Tribe Technology Equity-to-Asset Related Terms

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

Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

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