EasTower Wireless (TSXV:ESTW.H) Equity-to-Asset : -4.25 (As of Sep. 2022)

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What is EasTower Wireless Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EasTower Wireless's Total Stockholders Equity for the quarter that ended in Sep. 2022 was C$-3.78 Mil. EasTower Wireless's Total Assets for the quarter that ended in Sep. 2022 was C$0.89 Mil. Therefore, EasTower Wireless's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was -4.25.

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

TSXV:ESTW.H's Equity-to-Asset is not ranked ^*
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Equity-to-Asset only.

EasTower Wireless Equity-to-Asset Historical Data

The historical data trend for EasTower Wireless'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.

EasTower Wireless Equity-to-Asset Chart

EasTower Wireless Annual Data

Trend

Dec19

Dec20

Equity-to-Asset

-2.86

-5.92

EasTower Wireless Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Jan22	Jun22	Sep22
Equity-to-Asset	Get a 7-Day Free Trial			-	-5.84	0.08	-3.14	-4.25

Competitive Comparison of EasTower Wireless's Equity-to-Asset

For the Engineering & Construction subindustry, EasTower Wireless'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.

EasTower Wireless's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, EasTower Wireless's Equity-to-Asset distribution charts can be found below:

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

EasTower Wireless 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.

EasTower Wireless's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	-5.929	/	1.002
	=	-5.92

EasTower Wireless's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-3.782	/	0.89
	=	-4.25

EasTower Wireless (TSXV:ESTW.H) 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%.

EasTower Wireless Equity-to-Asset Related Terms

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EasTower Wireless (TSXV:ESTW.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EasTower Wireless Inc (TSXV:ESTW.H) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 2800, Vancouver, BC, CAN, V6C 2Z7

Website

https://eastowerwireless.com

EasTower Wireless Inc is a U.S. provider of wireless communications infrastructure and related services.. The firm specializes in the construction, installation, upgrading, and maintenance of wireless infrastructure systems, including 5G, 4G and small cell deployments as well as first responder or FirstNet initiatives. The company's diverse, top-tier customer base includes telecom providers, global original equipment manufacturers (OEMs), corporations and federal government agencies. The company is currently operating in the State of Florida and is focusing on potential expansions in the Southeastern Sunbelt states of the US.

EasTower Wireless (TSXV:ESTW.H) Headlines

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