Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nano Magic's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.31 Mil. Nano Magic's Total Assets for the quarter that ended in Dec. 2023 was $3.52 Mil.
Therefore, Nano Magic's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.
The historical rank and industry rank for Nano Magic's Equity-to-Asset or its related term are showing as below:
NMGX'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.52 Med: 0.1 Max: 0.47
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Nano Magic was 0.47. The lowest was -0.52. And the median was 0.10.
NMGX's Equity-to-Asset is ranked worse than 82.92% of 1569
companies
in the Chemicals industry
Industry Median: 0.59
vs NMGX: 0.37
Nano Magic Equity-to-Asset Historical Data
The historical data trend for Nano Magic'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 Nano Magic's Equity-to-Asset
For the Specialty Chemicals subindustry, Nano Magic'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.
Nano Magic's Equity-to-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nano Magic's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nano Magic's Equity-to-Asset falls into.
Nano Magic 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.
Nano Magic's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
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%.
Nano Magic Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Nano Magic's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NMGX has been successfully added to your 