Netum Group Oyj (OHEL:NETUM) Equity-to-Asset : 0.39 (As of Dec. 2023)

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What is Netum Group Oyj Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Netum Group Oyj's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €12.80 Mil. Netum Group Oyj's Total Assets for the quarter that ended in Dec. 2023 was €32.89 Mil. Therefore, Netum Group Oyj's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.39.

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

OHEL:NETUM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.4 Max: 0.61
Current: 0.39

During the past 6 years, the highest Equity to Asset Ratio of Netum Group Oyj was 0.61. The lowest was 0.27. And the median was 0.40.

OHEL:NETUM's Equity-to-Asset is ranked worse than
68.93% of 2842 companies
in the Software industry
Industry Median: 0.55 vs OHEL:NETUM: 0.39

Netum Group Oyj Equity-to-Asset Historical Data

The historical data trend for Netum Group Oyj'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.

Netum Group Oyj Equity-to-Asset Chart

Netum Group Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.27

0.42

0.61

0.60

0.39

Netum Group Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					0.61	0.57	0.60	0.47	0.39

Competitive Comparison of Netum Group Oyj's Equity-to-Asset

For the Information Technology Services subindustry, Netum Group Oyj'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.

Netum Group Oyj's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Netum Group Oyj's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Netum Group Oyj's Equity-to-Asset falls into.

Netum Group Oyj 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.

Netum Group Oyj's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	12.796	/	32.886
	=	0.39

Netum Group Oyj's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	12.796	/	32.886
	=	0.39

Netum Group Oyj (OHEL:NETUM) 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%.

Netum Group Oyj Equity-to-Asset Related Terms

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

Netum Group Oyj (OHEL:NETUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netum Group Oyj (OHEL:NETUM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yliopistonkatu 58 B, Tampere, FIN, 33100

Website

https://www.netum.fi

Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy to digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services and management consulting services. Geographically, the majority is from Finland.

Netum Group Oyj (OHEL:NETUM) Headlines

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