Smart Card Marketing Systems (Smart Card Marketing Systems) Equity-to-Asset : -0.72 (As of Jun. 2023)

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What is Smart Card Marketing Systems Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Smart Card Marketing Systems's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-1.70 Mil. Smart Card Marketing Systems's Total Assets for the quarter that ended in Jun. 2023 was $2.37 Mil. Therefore, Smart Card Marketing Systems's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was -0.72.

The historical rank and industry rank for Smart Card Marketing Systems's Equity-to-Asset or its related term are showing as below:

SMKG' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.26 Med: -0.7 Max: -0.61
Current: -0.72

During the past 2 years, the highest Equity to Asset Ratio of Smart Card Marketing Systems was -0.61. The lowest was -1.26. And the median was -0.70.

SMKG's Equity-to-Asset is not ranked
in the Software industry.
Industry Median: 0.55 vs SMKG: -0.72

Smart Card Marketing Systems Equity-to-Asset Historical Data

The historical data trend for Smart Card Marketing Systems'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.

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Smart Card Marketing Systems Equity-to-Asset Chart

Smart Card Marketing Systems Annual Data

Trend

Dec20

Dec21

Equity-to-Asset

-0.61

-1.26

Smart Card Marketing Systems Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Equity-to-Asset	Get a 7-Day Free Trial							-0.83	-0.70	-0.70	-0.64	-0.72

Competitive Comparison of Smart Card Marketing Systems's Equity-to-Asset

For the Software - Infrastructure subindustry, Smart Card Marketing Systems'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.

Smart Card Marketing Systems's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Smart Card Marketing Systems's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Smart Card Marketing Systems's Equity-to-Asset falls into.

Smart Card Marketing Systems 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.

Smart Card Marketing Systems's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	-2.256	/	1.791
	=	-1.26

Smart Card Marketing Systems'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
	=	-1.701	/	2.368
	=	-0.72

Smart Card Marketing Systems (OTCPK:SMKG) 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%.

Smart Card Marketing Systems Equity-to-Asset Related Terms

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

Smart Card Marketing Systems (Smart Card Marketing Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Card Marketing Systems Inc (OTCPK:SMKG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

20c Trolley Square, Wilmington, DE, USA, 19806

Website

https://www.smartcardmarketingsystems.com

Smart Card Marketing Systems Inc is a fintech and paytech company in specialized ecommerce, cloud and mobility marketplace and applications to the global banking, telecom, retail and digital realm markets. It is an entrepreneurial boutique technology company, providing business intelligence and digital transformation strategies with a proprietary portfolio of commercial strategies and wireframes for banking, enterprises, retail e-wallets, digital id, cross-border payments, blockchain, crypto issuing, chatbot ai, nft, e-KYC, digital workforce, events & media management, edtech, tele- med and transit-booking industries.