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NuGen Medical DevicesNGMDF Equity-to-Asset is -4.82 as of Mar. 2026. The stock has 7 warning signs investors should review. Among 853 Medical Devices & Instruments companies, NuGen Medical Devices ranks worse than 98.24% on this metric.
The historical rank and industry rank for NuGen Medical Devices's Equity-to-Asset or its related term are showing as below:
NGMDF'
s Equity-to-Asset Range Over the Past 10 Years
Min: -4.82 Med: -0.31 Max: 0.19
Current: -4.82
During the past 6 years, the highest Equity to Asset Ratio of NuGen Medical Devices was 0.19. The lowest was -4.82. And the median was -0.31.
NGMDF's Equity-to-Asset is ranked worse than 98.24% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs NGMDF: -4.82
NuGen Medical Devices (OTCPK:NGMDF) 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%.
NuGen Medical Devices Equity-to-Asset Related Terms
NuGen Medical Devices Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for NuGen Medical Devices'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.
NGMDF vs ABT, SYK, MDT: Equity-to-Asset Comparison
For the Medical Devices subindustry, NuGen Medical Devices'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.
NuGen Medical Devices Equity-to-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, NuGen Medical Devices's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where NuGen Medical Devices'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.
NuGen Medical Devices'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.
NuGen Medical Devices (NGMDF) has a Equity-to-Asset of -4.82 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on NuGen Medical Devices and its competitors. According to the industry distribution chart, NuGen Medical Devices ranks #838 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 98.2%.
Is NuGen Medical Devices' Equity-to-Asset too high?
NuGen Medical Devices' current Equity-to-Asset is -4.82. Based on the distribution chart, NuGen Medical Devices ranks #838 out of 853 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers.
How does NuGen Medical Devices' Equity-to-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, NuGen Medical Devices ranks #838 out of 853 companies for Equity-to-Asset. This places NuGen Medical Devices in the lower half of its industry. The industry median Equity-to-Asset is 0.65. 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 Medical Devices & Instruments company?
The median Equity-to-Asset among Medical Devices & Instruments companies is 0.65, based on 853 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. 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 NuGen Medical Devices and its competitors. For the Medical Devices & Instruments industry, the median Equity-to-Asset is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NuGen Medical Devices's current Equity-to-Asset is -4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NuGen Medical Devices stock overvalued right now?
Based on GuruFocus' analysis, NuGen Medical Devices (NGMDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.02, compared to a current price of $0.02 — trading 21.8% below its estimated fair value. The current Equity-to-Asset is -4.82. 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 NuGen Medical Devices (NGMDF), the current Equity-to-Asset is -4.82 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.
NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needle injector devices. Geographically, the company generates revenue from Europe, followed by Asia, and other.
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