Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shift Technologies's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-130.8 Mil. Shift Technologies's Total Assets for the quarter that ended in Jun. 2023 was $110.1 Mil.
Therefore, Shift Technologies's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was -1.19.
The historical rank and industry rank for Shift Technologies's Equity-to-Asset or its related term are showing as below:
SFTGQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.19 Med: 0.21 Max: 0.94
Current: -1.19
During the past 4 years, the highest Equity to Asset Ratio of Shift Technologies was 0.94. The lowest was -1.19. And the median was 0.21.
SFTGQ's Equity-to-Asset is ranked worse than 98.7% of 1312
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs SFTGQ: -1.19
Shift Technologies Equity-to-Asset Historical Data
The historical data trend for Shift Technologies'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 Shift Technologies's Equity-to-Asset
For the Auto & Truck Dealerships subindustry, Shift Technologies'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.
Shift Technologies's Equity-to-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shift Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Shift Technologies's Equity-to-Asset falls into.
Shift Technologies 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.
Shift Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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%.
Shift Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Shift Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shift Technologies (Shift Technologies) Business Description
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
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