GitLab (MEX:GTLB) Equity-to-Asset : 0.43 (As of Apr. 2024)

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What is GitLab Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GitLab's Total Stockholders Equity for the quarter that ended in Apr. 2024 was MXN9,690 Mil. GitLab's Total Assets for the quarter that ended in Apr. 2024 was MXN22,553 Mil. Therefore, GitLab's Equity to Asset Ratio for the quarter that ended in Apr. 2024 was 0.43.

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

MEX:GTLB' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.75 Med: 0.66 Max: 0.76
Current: 0.43

During the past 5 years, the highest Equity to Asset Ratio of GitLab was 0.76. The lowest was -0.75. And the median was 0.66.

MEX:GTLB's Equity-to-Asset is ranked worse than
64.32% of 2845 companies
in the Software industry
Industry Median: 0.55 vs MEX:GTLB: 0.43

GitLab Equity-to-Asset Historical Data

The historical data trend for GitLab'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.

GitLab Equity-to-Asset Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Equity-to-Asset

-0.34

-0.64

0.71

0.66

0.43

GitLab Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Equity-to-Asset	Get a 7-Day Free Trial													0.66	0.66	0.45	0.43	0.43

Competitive Comparison of GitLab's Equity-to-Asset

For the Software - Infrastructure subindustry, GitLab'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.

GitLab's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, GitLab's Equity-to-Asset distribution charts can be found below:

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

GitLab 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.

GitLab's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	9810.599	/	22635.844
	=	0.43

GitLab's Equity to Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

Equity to Asset (Q: Apr. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	9689.752	/	22552.507
	=	0.43

GitLab (MEX:GTLB) 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%.

GitLab Equity-to-Asset Related Terms

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

GitLab (MEX:GTLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (MEX:GTLB) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

GTLB:USA 8K2:Germany

Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.