Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Planting Hope Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-3.82 Mil. The Planting Hope Co's Total Assets for the quarter that ended in Sep. 2023 was $7.86 Mil.
Therefore, The Planting Hope Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.49.
The historical rank and industry rank for The Planting Hope Co's Equity-to-Asset or its related term are showing as below:
MYLKF'
s Equity-to-Asset Range Over the Past 10 Years
Min: -2.17 Med: -0.21 Max: 0.17
Current: -0.49
During the past 2 years, the highest Equity to Asset Ratio of The Planting Hope Co was 0.17. The lowest was -2.17. And the median was -0.21.
MYLKF's Equity-to-Asset is ranked worse than 95.95% of 1925
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs MYLKF: -0.49
The Planting Hope Co Equity-to-Asset Historical Data
The historical data trend for The Planting Hope Co'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.
Competitive Comparison of The Planting Hope Co's Equity-to-Asset
For the Packaged Foods subindustry, The Planting Hope Co'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.
The Planting Hope Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Planting Hope Co's Equity-to-Asset falls into.
The Planting Hope Co 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.
The Planting Hope Co'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.
The Planting Hope Co (OTCPK:MYLKF) 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%.
The Planting Hope Co Equity-to-Asset Related Terms
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The Planting Hope Co (The Planting Hope Co) Business Description
The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.
The Planting Hope Co (The Planting Hope Co) Headlines
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