WeCommerce Holdings (WeCommerce Holdings) Equity-to-Asset : 0.65 (As of Dec. 2022)

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What is WeCommerce Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. WeCommerce Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $82.69 Mil. WeCommerce Holdings's Total Assets for the quarter that ended in Dec. 2022 was $126.40 Mil. Therefore, WeCommerce Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.65.

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

WECMF's Equity-to-Asset is not ranked ^*
in the Software industry.
Industry Median: 0.55
* Ranked among companies with meaningful Equity-to-Asset only.

WeCommerce Holdings Equity-to-Asset Historical Data

The historical data trend for WeCommerce Holdings'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.

WeCommerce Holdings Equity-to-Asset Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.06

0.78

0.55

0.65

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Equity-to-Asset	Get a 7-Day Free Trial									0.55	0.62	0.67	0.67	0.65

Competitive Comparison of WeCommerce Holdings's Equity-to-Asset

For the Software - Application subindustry, WeCommerce Holdings'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.

WeCommerce Holdings's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, WeCommerce Holdings's Equity-to-Asset distribution charts can be found below:

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

WeCommerce Holdings 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.

WeCommerce Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	82.687	/	126.404
	=	0.65

WeCommerce Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	82.687	/	126.404
	=	0.65

WeCommerce Holdings (OTCPK:WECMF) 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%.

WeCommerce Holdings Equity-to-Asset Related Terms

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

WeCommerce Holdings (WeCommerce Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (OTCPK:WECMF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

WeCommerce Holdings (WeCommerce Holdings) Headlines

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