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ARS PharmaceuticalsSPRY +1.51%28 Equity-to-Asset is 0.21 as of Mar. 2026, which is 71% below its 10-year median of 0.73. GuruFocus rates SPRY with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 1,415 Biotechnology companies, ARS Pharmaceuticals ranks worse than 81.63% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ARS Pharmaceuticals's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $61.31 Mil. ARS Pharmaceuticals's Total Assets for the quarter that ended in Mar. 2026 was $287.57 Mil.
Therefore, ARS Pharmaceuticals's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.21.
The historical rank and industry rank for ARS Pharmaceuticals's Equity-to-Asset or its related term are showing as below:
SPRY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.96 Med: 0.73 Max: 0.99
Current: 0.21
During the past 6 years, the highest Equity to Asset Ratio of ARS Pharmaceuticals was 0.99. The lowest was -0.96. And the median was 0.73.
SPRY's Equity-to-Asset is ranked worse than 81.63% of 1415
companies
in the Biotechnology industry
Industry Median: 0.68
vs SPRY: 0.21
ARS Pharmaceuticals (NAS:SPRY) 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%.
ARS Pharmaceuticals Equity-to-Asset Related Terms
ARS Pharmaceuticals Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for ARS Pharmaceuticals'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.
SPRY vs ALLO, CBIO, IMMX: Equity-to-Asset Comparison
For the Biotechnology subindustry, ARS Pharmaceuticals'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.
ARS Pharmaceuticals Equity-to-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, ARS Pharmaceuticals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ARS Pharmaceuticals'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.
ARS Pharmaceuticals's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
ARS Pharmaceuticals (SPRY) has a Equity-to-Asset of 0.21 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ARS Pharmaceuticals and its competitors. This is 71% below median its historical median of 0.73. According to the industry distribution chart, ARS Pharmaceuticals ranks #1155 out of 1415 companies in the Biotechnology industry, placing it in the top 81.6%.
Is ARS Pharmaceuticals' Equity-to-Asset too high?
ARS Pharmaceuticals' current Equity-to-Asset of 0.21 is 71% below median its 10-year median of 0.73. The Biotechnology industry median Equity-to-Asset is 0.68. ARS Pharmaceuticals' value of 0.21 is 69.1% below this industry median. Based on the distribution chart, ARS Pharmaceuticals ranks #1155 out of 1415 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, ARS Pharmaceuticals has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does ARS Pharmaceuticals' Equity-to-Asset compare to ALLO and CBIO?
According to the Biotechnology industry distribution chart, ARS Pharmaceuticals ranks #1155 out of 1415 companies for Equity-to-Asset. This places ARS Pharmaceuticals in the lower half of its industry. The industry median Equity-to-Asset is 0.68. ARS Pharmaceuticals' value of 0.21 is 69.1% below this benchmark. While the company's 10-year median is 0.73 vs. the industry median of 0.68, ARS Pharmaceuticals has consistently been below the industry average. 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 Biotechnology company?
The median Equity-to-Asset among Biotechnology companies is 0.68, based on 1,415 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. ARS Pharmaceuticals's current Equity-to-Asset of 0.21 is 69.1% 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 ARS Pharmaceuticals and its competitors. For the Biotechnology industry, the median Equity-to-Asset is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARS Pharmaceuticals's current Equity-to-Asset is 0.21, which is 71% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARS Pharmaceuticals stock overvalued right now?
ARS Pharmaceuticals (SPRY) has a current Equity-to-Asset of 0.21. The current Equity-to-Asset is 0.21, which is 71% below median its 10-year median of 0.73 and 69.1% below the Biotechnology industry median of 0.68. ARS Pharmaceuticals' overall GF Score™ is 28/100 with 5 warning signs to review. 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 ARS Pharmaceuticals (SPRY), the current Equity-to-Asset is 0.21 as of Mar. 2026. 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.
ARS Pharmaceuticals Inc is a biopharmaceutical company focused on the commercialization and development of neffy (currently identified in the European Union (EU) and United Kingdom (U.K.) by the trade name EURneffy and in China) for needle-free intranasal delivery of epinephrine for emergency treatment of Type I allergic reactions, including anaphylaxis. Neffy is a proprietary composition of epinephrine with an absorption enhancer called Intravail, which allows Neffy to safely provide intranasal delivery of epinephrine at a low dose within the exposures of approved injectable products across a range of dosing conditions.
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