Vision Marine Technologies (Vision Marine Technologies) Equity-to-Asset : 0.30 (As of Feb. 2024)

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What is Vision Marine Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vision Marine Technologies's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $4.74 Mil. Vision Marine Technologies's Total Assets for the quarter that ended in Feb. 2024 was $15.80 Mil. Therefore, Vision Marine Technologies's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.30.

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

VMAR' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.2 Med: 0.62 Max: 0.94
Current: 0.3

During the past 6 years, the highest Equity to Asset Ratio of Vision Marine Technologies was 0.94. The lowest was -0.20. And the median was 0.62.

VMAR's Equity-to-Asset is ranked worse than
77.04% of 1311 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs VMAR: 0.30

Vision Marine Technologies Equity-to-Asset Historical Data

The historical data trend for Vision Marine Technologies'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.

Vision Marine Technologies Equity-to-Asset Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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-0.07

0.22

0.86

0.83

0.48

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial															0.56	0.56	0.48	0.62	0.30

Competitive Comparison of Vision Marine Technologies's Equity-to-Asset

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Equity-to-Asset distribution charts can be found below:

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

Vision Marine Technologies 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.

Vision Marine Technologies's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	8.58	/	17.842
	=	0.48

Vision Marine Technologies's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	4.739	/	15.802
	=	0.30

Vision Marine Technologies (NAS:VMAR) 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%.

Vision Marine Technologies Equity-to-Asset Related Terms

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

Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.