WIMI (WiMi Hologram Cloud) Equity-to-Asset : 0.53 (As of Jun. 2024)

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What is WiMi Hologram Cloud Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. WiMi Hologram Cloud's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $103.36 Mil. WiMi Hologram Cloud's Total Assets for the quarter that ended in Jun. 2024 was $196.53 Mil. Therefore, WiMi Hologram Cloud's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.53.

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

WIMI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.82 Max: 0.88
Current: 0.53

During the past 7 years, the highest Equity to Asset Ratio of WiMi Hologram Cloud was 0.88. The lowest was 0.20. And the median was 0.82.

WIMI's Equity-to-Asset is ranked better than
53.68% of 1047 companies
in the Media - Diversified industry
Industry Median: 0.5 vs WIMI: 0.53

WiMi Hologram Cloud Equity-to-Asset Historical Data

The historical data trend for WiMi Hologram Cloud'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.

WiMi Hologram Cloud Equity-to-Asset Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.75

0.85

0.84

0.83

0.73

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial									0.85	0.83	0.82	0.73	0.53

Competitive Comparison of WiMi Hologram Cloud's Equity-to-Asset

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Equity-to-Asset distribution charts can be found below:

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

WiMi Hologram Cloud 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.

WiMi Hologram Cloud'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
	=	105.456	/	144.395
	=	0.73

WiMi Hologram Cloud's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	103.355	/	196.526
	=	0.53

WiMi Hologram Cloud (NAS:WIMI) 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%.

WiMi Hologram Cloud Equity-to-Asset Related Terms

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

WiMi Hologram Cloud Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.