My Food Bag Group (NZSE:MFB) Equity-to-Asset : 0.56 (As of Sep. 2023)

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What is My Food Bag Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. My Food Bag Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$60.8 Mil. My Food Bag Group's Total Assets for the quarter that ended in Sep. 2023 was NZ$107.6 Mil. Therefore, My Food Bag Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.56.

The historical rank and industry rank for My Food Bag Group's Equity-to-Asset or its related term are showing as below:

NZSE:MFB' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5 Med: 0.56 Max: 0.63
Current: 0.56

During the past 3 years, the highest Equity to Asset Ratio of My Food Bag Group was 0.63. The lowest was 0.50. And the median was 0.56.

NZSE:MFB's Equity-to-Asset is ranked better than
67.53% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs NZSE:MFB: 0.56

My Food Bag Group Equity-to-Asset Historical Data

The historical data trend for My Food Bag Group'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.

My Food Bag Group Equity-to-Asset Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.53

0.63

0.53

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.62	0.63	0.59	0.53	0.56

Competitive Comparison of My Food Bag Group's Equity-to-Asset

For the Internet Retail subindustry, My Food Bag Group'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.

My Food Bag Group's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where My Food Bag Group's Equity-to-Asset falls into.

My Food Bag Group 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.

My Food Bag Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	57.978	/	108.551
	=	0.53

My Food Bag Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	60.76	/	107.637
	=	0.56

My Food Bag Group (NZSE:MFB) 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%.

My Food Bag Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of My Food Bag Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

My Food Bag Group Headlines

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