GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Equity-to-Asset

WOK (WORK Medical Technology Group) Equity-to-Asset : 0.36 (As of Sep. 2024)


View and export this data going back to 2024. Start your Free Trial

What is WORK Medical Technology Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. WORK Medical Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $13.19 Mil. WORK Medical Technology Group's Total Assets for the quarter that ended in Sep. 2024 was $36.25 Mil. Therefore, WORK Medical Technology Group's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.36.

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

WOK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09   Med: 0.33   Max: 0.39
Current: 0.36

During the past 5 years, the highest Equity to Asset Ratio of WORK Medical Technology Group was 0.39. The lowest was 0.09. And the median was 0.33.

WOK's Equity-to-Asset is ranked worse than
79.38% of 873 companies
in the Medical Devices & Instruments industry
Industry Median: 0.64 vs WOK: 0.36

WORK Medical Technology Group Equity-to-Asset Historical Data

The historical data trend for WORK Medical Technology Group'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.

WORK Medical Technology Group Equity-to-Asset Chart

WORK Medical Technology Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
Equity-to-Asset
0.09 0.33 0.39 0.33 0.36

WORK Medical Technology Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only 0.39 0.39 0.33 0.31 0.36

Competitive Comparison of WORK Medical Technology Group's Equity-to-Asset

For the Medical Devices subindustry, WORK Medical Technology Group'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.

WORK Medical Technology Group's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, WORK Medical Technology Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where WORK Medical Technology Group's Equity-to-Asset falls into.


WORK Medical Technology Group 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.

WORK Medical Technology Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Equity to Asset (A: Sep. 2024 )=Total Stockholders Equity/Total Assets
=13.186/36.251
=0.36

WORK Medical Technology Group's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=13.186/36.251
=0.36

* 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.

WORK Medical Technology Group  (NAS:WOK) 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%.

WORK Medical Technology Group Equity-to-Asset Related Terms

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

WORK Medical Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Equity-to-Asset
Comparable Companies
BTCY BMRA BSGM ALUR PETV VVOS LFWD OPGN INBS RMSL ABT BSX SYK MDT XTER:SHL EW SZSE:300760 DXCM XAMS:PHIA STE
Traded in Other Exchanges
N/A
Address
Floor 23, No. 2 Tonghuinan Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Website
https://www.workmedtech.com
WORK Medical Technology Group Ltd is engaged in manufacturing and selling medical consumables through its wholly owned subsidiaries in the People's Republic of China. The Company's main products include medical face masks, tourniquets, airways, breathing circuits, intubation accessories, anesthesia kits, oxygen masks, suction sets, laryngoscope blades, KN95 masks, and other disposable medical devices, as well as medical equipment.