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Axis Auto Finance (TSX:AXIS) Equity-to-Asset : 0.03 (As of Sep. 2024)


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What is Axis Auto Finance Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Axis Auto Finance's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$3.08 Mil. Axis Auto Finance's Total Assets for the quarter that ended in Sep. 2024 was C$96.57 Mil. Therefore, Axis Auto Finance's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.03.

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

TSX:AXIS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01   Med: 0.23   Max: 0.97
Current: 0.03

During the past 13 years, the highest Equity to Asset Ratio of Axis Auto Finance was 0.97. The lowest was 0.01. And the median was 0.23.

TSX:AXIS's Equity-to-Asset is ranked worse than
93.03% of 545 companies
in the Credit Services industry
Industry Median: 0.37 vs TSX:AXIS: 0.03

Axis Auto Finance Equity-to-Asset Historical Data

The historical data trend for Axis Auto Finance'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.

* Premium members only.

Axis Auto Finance Equity-to-Asset Chart

Axis Auto Finance Annual Data
Trend Apr15 Apr16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.23 0.26 0.11 0.01

Axis Auto Finance Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.10 0.09 0.01 0.03

Competitive Comparison of Axis Auto Finance's Equity-to-Asset

For the Credit Services subindustry, Axis Auto Finance'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.


Axis Auto Finance's Equity-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Axis Auto Finance's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Axis Auto Finance's Equity-to-Asset falls into.



Axis Auto Finance 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.

Axis Auto Finance's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )=Total Stockholders Equity/Total Assets
=1.297/173.173
=0.01

Axis Auto Finance's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=3.076/96.565
=0.03

* 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.


Axis Auto Finance  (TSX:AXIS) 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%.


Axis Auto Finance Equity-to-Asset Related Terms

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


Axis Auto Finance Business Description

Traded in Other Exchanges
Address
2265 Upper Middle Road East, Suite 400, Oakville, ON, CAN, L5H 0G5
Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners. The company operates and reports in two separate segments: automotive lending and equipment financing.
Executives
Todd Charles Hudson Senior Officer
Paul James Stoyan Director
Wesley James Neichenbauer Director
Richard Lloyd Senior Officer
Ilja Troitschanski Director or Senior Officer of 10% Security Holder
Bruce Frank Smith Director
Gerard Thom Director
Jordan Zinberg Director

Axis Auto Finance Headlines

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