Celestial Acquisition (TSXV:CES.P) Equity-to-Asset : 1.00 (As of Dec. 2024)

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What is Celestial Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Celestial Acquisition's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$0.48 Mil. Celestial Acquisition's Total Assets for the quarter that ended in Dec. 2024 was C$0.48 Mil.

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

TSXV:CES.P' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.96 Med: 0.98 Max: 1
Current: 1

During the past 3 years, the highest Equity to Asset Ratio of Celestial Acquisition was 1.00. The lowest was 0.96. And the median was 0.98.

TSXV:CES.P's Equity-to-Asset is ranked better than
99.8% of 502 companies
in the Diversified Financial Services industry
Industry Median: 0.81 vs TSXV:CES.P: 1.00

Celestial Acquisition Equity-to-Asset Historical Data

The historical data trend for Celestial Acquisition'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.

Celestial Acquisition Equity-to-Asset Chart

Celestial Acquisition Annual Data

Trend

Sep22

Sep23

Sep24

Equity-to-Asset

0.96

0.98

0.97

Celestial Acquisition Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Equity-to-Asset	Get a 7-Day Free Trial					0.97	0.97	0.98	0.97	1.00

Competitive Comparison of Celestial Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Celestial Acquisition'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.

Celestial Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Celestial Acquisition's Equity-to-Asset distribution charts can be found below:

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

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Celestial Acquisition 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.

Celestial Acquisition's Equity to Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Equity to Asset (A: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.489	/	0.503
	=

Celestial Acquisition's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.477	/	0.479
	=

Celestial Acquisition (TSXV:CES.P) 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%.

Celestial Acquisition Equity-to-Asset Related Terms

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

Celestial Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Celestial Acquisition Corp (TSXV:CES.P) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

Celestial Acquisition Corp is a capital pool company. The principal business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction (as defined under the policies of the Exchange) (the "QT"). The Corporation has not commenced commercial operations and has no assets other than cash. Company operates single segment.

Celestial Acquisition Headlines

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