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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Schmitt Industries's Total Stockholders Equity for the quarter that ended in May. 2022 was $0.61 Mil. Schmitt Industries's Total Assets for the quarter that ended in May. 2022 was $22.84 Mil.
Therefore, Schmitt Industries's Equity to Asset Ratio for the quarter that ended in May. 2022 was 0.03.
The historical rank and industry rank for Schmitt Industries's Equity-to-Asset or its related term are showing as below:
SMIT's Equity-to-Asset is not ranked *
in the Hardware industry.
Industry Median: 0.56 * Ranked among companies with meaningful Equity-to-Asset only.
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%.
Schmitt Industries Equity-to-Asset Related Terms
Schmitt Industries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Schmitt Industries'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.
For the Scientific & Technical Instruments subindustry, Schmitt Industries'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.
Schmitt Industries Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Schmitt Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Equity-to-Asset falls into.
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.
Schmitt Industries's Equity to Asset Ratio for the fiscal year that ended in May. 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.
Schmitt Industries (SMIT) has a Equity-to-Asset of 0.03 as of May. 2022. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Equity-to-Asset too high?
Schmitt Industries' current Equity-to-Asset is 0.03. The Hardware industry median Equity-to-Asset is 0.56. Schmitt Industries' value of 0.03 is 94.6% below this industry median. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Equity-to-Asset compare to WHD and VAL?
Schmitt Industries' Equity-to-Asset of 0.03 can be compared against companies in the Hardware industry. The industry median Equity-to-Asset is 0.56. Schmitt Industries' value of 0.03 is 94.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.56, based on 2,493 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Schmitt Industries's current Equity-to-Asset of 0.03 is 94.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Schmitt Industries and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schmitt Industries's current Equity-to-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schmitt Industries stock overvalued right now?
Schmitt Industries (SMIT) has a current Equity-to-Asset of 0.03. The current Equity-to-Asset is 0.03 and 94.6% below the Hardware industry median of 0.56. Schmitt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Equity-to-Asset is 0.03 as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.
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