SONG (Music Licensing) Equity-to-Asset : 0.07 (As of Jun. 2024)

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What is Music Licensing Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Music Licensing's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1.2 Mil. Music Licensing's Total Assets for the quarter that ended in Jun. 2024 was $19.1 Mil. Therefore, Music Licensing's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.07.

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

SONG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.78 Max: 1
Current: 0.07

During the past 3 years, the highest Equity to Asset Ratio of Music Licensing was 1.00. The lowest was 0.05. And the median was 0.78.

SONG's Equity-to-Asset is ranked worse than
87.19% of 1054 companies
in the Media - Diversified industry
Industry Median: 0.51 vs SONG: 0.07

Music Licensing Equity-to-Asset Historical Data

The historical data trend for Music Licensing'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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Music Licensing Equity-to-Asset Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.05

0.97

0.80

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Equity-to-Asset	Get a 7-Day Free Trial			1.00	0.77	0.80	0.63	0.07

Competitive Comparison of Music Licensing's Equity-to-Asset

For the Entertainment subindustry, Music Licensing'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.

Music Licensing's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Music Licensing's Equity-to-Asset falls into.

Music Licensing 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.

Music Licensing'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
	=	49.58	/	62.299
	=	0.80

Music Licensing's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1.233	/	19.053
	=	0.06

Music Licensing (OTCPK:SONG) 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%.

Music Licensing Equity-to-Asset Related Terms

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Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.