GINSMS (TSXV:GOK) Equity-to-Asset : -2.33 (As of Dec. 2023)

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What is GINSMS Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GINSMS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-2.46 Mil. GINSMS's Total Assets for the quarter that ended in Dec. 2023 was C$1.05 Mil. Therefore, GINSMS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -2.33.

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

TSXV:GOK' s Equity-to-Asset Range Over the Past 10 Years
Min: -7.94 Med: -3.64 Max: -0.65
Current: -2.33

During the past 13 years, the highest Equity to Asset Ratio of GINSMS was -0.65. The lowest was -7.94. And the median was -3.64.

TSXV:GOK's Equity-to-Asset is ranked worse than
98.47% of 393 companies
in the Telecommunication Services industry
Industry Median: 0.41 vs TSXV:GOK: -2.33

GINSMS Equity-to-Asset Historical Data

The historical data trend for GINSMS'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.

GINSMS Equity-to-Asset Chart

GINSMS Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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-7.94

-6.11

-6.41

-2.45

-2.33

GINSMS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															-2.45	-2.21	-1.98	-1.94	-2.33

Competitive Comparison of GINSMS's Equity-to-Asset

For the Telecom Services subindustry, GINSMS'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.

GINSMS's Equity-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GINSMS's Equity-to-Asset distribution charts can be found below:

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

GINSMS 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.

GINSMS's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-2.458	/	1.053
	=	-2.33

GINSMS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-2.458	/	1.053
	=	-2.33

GINSMS (TSXV:GOK) 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%.

GINSMS Equity-to-Asset Related Terms

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

GINSMS (TSXV:GOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GINSMS Inc (TSXV:GOK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4

Website

http://www.ginsms.com

GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

GINSMS (TSXV:GOK) Headlines

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