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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Luna Innovations's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $94.6 Mil. Luna Innovations's Total Assets for the quarter that ended in Sep. 2023 was $165.1 Mil.
Therefore, Luna Innovations's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.57.
The historical rank and industry rank for Luna Innovations's Equity-to-Asset or its related term are showing as below:
LUNA's Equity-to-Asset is not ranked *
in the Hardware industry.
Industry Median: 0.57 * Ranked among companies with meaningful Equity-to-Asset only.
Luna Innovations (OTCPK:LUNA) 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%.
Luna Innovations Equity-to-Asset Related Terms
Luna Innovations Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Luna Innovations'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.
LUNA vs ODYS, WRAP, SOTK: Equity-to-Asset Comparison
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Luna Innovations's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Luna Innovations's Equity-to-Asset falls into.
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.
Luna Innovations's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Luna Innovations (LUNA) has a Equity-to-Asset of 0.57 as of Sep. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Luna Innovations and its competitors.
Is Luna Innovations' Equity-to-Asset too high?
Luna Innovations' current Equity-to-Asset is 0.57. The Hardware industry median Equity-to-Asset is 0.57. Luna Innovations' value of 0.57 is 0% at this industry median. Overall, Luna Innovations has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Luna Innovations' Equity-to-Asset compare to ODYS and WRAP?
Luna Innovations' Equity-to-Asset of 0.57 can be compared against companies in the Hardware industry. The industry median Equity-to-Asset is 0.57. Luna Innovations' value of 0.57 is 0% at this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,499 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Luna Innovations's current Equity-to-Asset of 0.57 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Luna Innovations and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luna Innovations's current Equity-to-Asset is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luna Innovations stock overvalued right now?
Luna Innovations (LUNA) has a current Equity-to-Asset of 0.57. The current Equity-to-Asset is 0.57 and 0% at the Hardware industry median of 0.57. Luna Innovations' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Luna Innovations (LUNA), the current Equity-to-Asset is 0.57 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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