Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tofutti Brands's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3.29 Mil. Tofutti Brands's Total Assets for the quarter that ended in Sep. 2024 was $3.91 Mil.
Therefore, Tofutti Brands's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.84.
The historical rank and industry rank for Tofutti Brands's Equity-to-Asset or its related term are showing as below:
TOFB'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.73 Max: 0.89
Current: 0.84
During the past 13 years, the highest Equity to Asset Ratio of Tofutti Brands was 0.89. The lowest was 0.52. And the median was 0.73.
TOFB's Equity-to-Asset is ranked better than 90.48% of 1932
companies
in the Consumer Packaged Goods industry
Industry Median: 0.55
vs TOFB: 0.84
Tofutti Brands Equity-to-Asset Historical Data
The historical data trend for Tofutti Brands'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 Tofutti Brands's Equity-to-Asset
For the Packaged Foods subindustry, Tofutti Brands'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.
Tofutti Brands's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tofutti Brands's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tofutti Brands's Equity-to-Asset falls into.
Tofutti Brands 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.
Tofutti Brands's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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%.
Tofutti Brands Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tofutti Brands's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in major markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.
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