Nordic Lights Group (OHEL:NORDLIG) Equity-to-Asset : 0.54 (As of Jun. 2023)

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What is Nordic Lights Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nordic Lights Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €36.19 Mil. Nordic Lights Group's Total Assets for the quarter that ended in Jun. 2023 was €67.45 Mil. Therefore, Nordic Lights Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.54.

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

OHEL:NORDLIG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.29 Max: 0.54
Current: 0.54

During the past 4 years, the highest Equity to Asset Ratio of Nordic Lights Group was 0.54. The lowest was 0.25. And the median was 0.29.

OHEL:NORDLIG's Equity-to-Asset is not ranked
in the Industrial Products industry.
Industry Median: 0.56 vs OHEL:NORDLIG: 0.54

Nordic Lights Group Equity-to-Asset Historical Data

The historical data trend for Nordic Lights 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.

Nordic Lights Group Equity-to-Asset Chart

Nordic Lights Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.26

0.25

0.28

0.51

Nordic Lights Group Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial			0.28	0.30	-	0.51	0.54

Competitive Comparison of Nordic Lights Group's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Nordic Lights 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.

Nordic Lights Group's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordic Lights Group's Equity-to-Asset distribution charts can be found below:

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

Nordic Lights 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.

Nordic Lights Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	37.427	/	73.781
	=	0.51

Nordic Lights Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	36.192	/	67.451
	=	0.54

Nordic Lights Group (OHEL:NORDLIG) 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%.

Nordic Lights Group Equity-to-Asset Related Terms

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

Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601

Website

https://www.nordiclights.com

Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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