NXU.WS (Novus Capital II) Equity-to-Asset : 0.94 (As of Dec. 2021)

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What is Novus Capital II Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Novus Capital II's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $269.38 Mil. Novus Capital II's Total Assets for the quarter that ended in Dec. 2021 was $288.03 Mil.

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

NXU.WS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.52 Max: 0.94
Current: 0.94

During the past 2 years, the highest Equity to Asset Ratio of Novus Capital II was 0.94. The lowest was 0.11. And the median was 0.52.

NXU.WS's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.82 vs NXU.WS: 0.94

Novus Capital II Equity-to-Asset Historical Data

The historical data trend for Novus Capital II'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.

Novus Capital II Equity-to-Asset Chart

Novus Capital II Annual Data

Trend

Dec20

Dec21

Equity-to-Asset

0.11

0.94

Novus Capital II Semi-Annual Data
	Sep20	Dec20	Dec21
Equity-to-Asset	-0.01	0.11	0.94

Competitive Comparison of Novus Capital II's Equity-to-Asset

For the Shell Companies subindustry, Novus Capital II'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.

Novus Capital II's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Novus Capital II's Equity-to-Asset distribution charts can be found below:

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

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Novus Capital II 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.

Novus Capital II's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	269.38	/	288.027
	=

Novus Capital II's Equity to Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

Equity to Asset (Q: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	269.38	/	288.027
	=

Novus Capital II (NYSE:NXU.WS) 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%.

Novus Capital II Equity-to-Asset Related Terms

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Novus Capital II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Novus Capital Corp II (NYSE:NXU.WS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8556 Oakmont Lane, Indianapolis, IN, USA, 46260

Website

https://www.novuscapitalcorporation.com

Novus Capital Corp II is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.