The Good Shroom Co (TSXV:MUSH) Equity-to-Asset : 0.39 (As of Jul. 2024)

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What is The Good Shroom Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Good Shroom Co's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$0.58 Mil. The Good Shroom Co's Total Assets for the quarter that ended in Jul. 2024 was C$1.48 Mil. Therefore, The Good Shroom Co's Equity to Asset Ratio for the quarter that ended in Jul. 2024 was 0.39.

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

TSXV:MUSH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.43 Max: 0.78
Current: 0.39

During the past 4 years, the highest Equity to Asset Ratio of The Good Shroom Co was 0.78. The lowest was 0.32. And the median was 0.43.

TSXV:MUSH's Equity-to-Asset is ranked worse than
71.43% of 112 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.565 vs TSXV:MUSH: 0.39

The Good Shroom Co Equity-to-Asset Historical Data

The historical data trend for The Good Shroom Co'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.

The Good Shroom Co Equity-to-Asset Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Equity-to-Asset

0.78

0.46

0.32

0.39

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Equity-to-Asset	Get a 7-Day Free Trial										0.32	0.28	0.36	0.38	0.39

Competitive Comparison of The Good Shroom Co's Equity-to-Asset

For the Beverages - Non-Alcoholic subindustry, The Good Shroom Co'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.

The Good Shroom Co's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Good Shroom Co's Equity-to-Asset distribution charts can be found below:

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

The Good Shroom Co 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.

The Good Shroom Co's Equity to Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Equity to Asset (A: Jul. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.583	/	1.483
	=	0.39

The Good Shroom Co's Equity to Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

Equity to Asset (Q: Jul. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.583	/	1.483
	=	0.39

The Good Shroom Co (TSXV:MUSH) 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%.

The Good Shroom Co Equity-to-Asset Related Terms

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

The Good Shroom Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (TSXV:MUSH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TGSHF:USA

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market. It derives maximum revenue from Canada and also has its presence in USA.

Executives

Eric Ronsse	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Claude Dufresne	Director
Scott Jardin	Senior Officer

The Good Shroom Co Headlines

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