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NorthannNCL 22 Equity-to-Asset is 0.60 as of Mar. 2026, which is 362% above its 10-year median of 0.13. GuruFocus rates NCL with a GF Score™ of 22/100 and a GF Value™ of $0.52 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 435 Furnishings, Fixtures & Appliances companies, Northann ranks better than 55.4% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northann's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $18.45 Mil. Northann's Total Assets for the quarter that ended in Mar. 2026 was $30.79 Mil.
Therefore, Northann's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.60.
The historical rank and industry rank for Northann's Equity-to-Asset or its related term are showing as below:
NCL'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.12 Med: 0.13 Max: 0.6
Current: 0.6
During the past 6 years, the highest Equity to Asset Ratio of Northann was 0.60. The lowest was -0.12. And the median was 0.13.
NCL's Equity-to-Asset is ranked better than 55.4% of 435
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.57
vs NCL: 0.60
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%.
Northann Equity-to-Asset Related Terms
Northann Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Northann'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.
NCL vs FGI, SNTW, ATER: Equity-to-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Northann'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.
Northann Equity-to-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Northann's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northann'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.
Northann's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
Northann (NCL) has a Equity-to-Asset of 0.60 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Northann and its competitors. This is 362% above median its historical median of 0.13. According to the industry distribution chart, Northann ranks #194 out of 435 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 44.6%.
Is Northann's Equity-to-Asset too high?
Northann's current Equity-to-Asset of 0.60 is 362% above median its 10-year median of 0.13. The Furnishings, Fixtures & Appliances industry median Equity-to-Asset is 0.57. Northann's value of 0.60 is 5.3% above this industry median. Based on the distribution chart, Northann ranks #194 out of 435 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Northann has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northann's Equity-to-Asset compare to FGI and SNTW?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Northann ranks #194 out of 435 companies for Equity-to-Asset. This puts Northann in the upper half of its industry. The industry median Equity-to-Asset is 0.57. Northann's value of 0.60 is 5.3% above this benchmark. While the company's 10-year median is 0.13 vs. the industry median of 0.57, Northann has consistently been above the industry average. 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 Furnishings, Fixtures & Appliances company?
The median Equity-to-Asset among Furnishings, Fixtures & Appliances companies is 0.57, based on 435 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. Northann's current Equity-to-Asset of 0.60 is 5.3% above 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 Northann and its competitors. For the Furnishings, Fixtures & Appliances 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. Northann's current Equity-to-Asset is 0.60, which is 362% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northann stock overvalued right now?
Based on GuruFocus' analysis, Northann (NCL) is currently considered Possible Value Trap. The stock's GF Value™ is $0.52, compared to a current price of $0.16 — trading 69.4% below its estimated fair value. The current Equity-to-Asset is 0.60, which is 362% above median its 10-year median of 0.13 and 5.3% above the Furnishings, Fixtures & Appliances industry median of 0.57. Northann's overall GF Score™ is 22/100 with 6 warning signs to review. 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 Northann (NCL), the current Equity-to-Asset is 0.60 as of Mar. 2026. 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.
Is Northann (NCL) Overvalued in 2026?
Based on GuruFocus' analysis, Northann stock appears to be undervalued.
The current stock price of $0.16 is trading 69.4% below its estimated GF Value™ of $0.52.
GuruFocus considers Northann to be Possible Value Trap.
Key valuation signals for NCL:
Equity-to-Asset: 0.60 (362% above median its 10-year median of 0.13)
GF Value™: $0.52 vs. price of $0.16 (69.4% below fair value)
Industry Position: 5.3% above the Furnishings, Fixtures & Appliances median (#194 of 435)
No single metric tells the full story. See the NCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northann Corp specialized in 3D-printed flooring solutions under its flagship brand, Benchwick. The company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. It offers an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, mainly through its sales network in North America and Europe.
22GF Score
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