Luxxfolio Holdings (XCNQ:LUXX) Equity-to-Asset : -2.91 (As of Nov. 2023)

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What is Luxxfolio Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Luxxfolio Holdings's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$-0.15 Mil. Luxxfolio Holdings's Total Assets for the quarter that ended in Nov. 2023 was C$0.05 Mil.

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

XCNQ:LUXX' s Equity-to-Asset Range Over the Past 10 Years
Min: -19.17 Med: 0.23 Max: 0.77
Current: -2.91

During the past 6 years, the highest Equity to Asset Ratio of Luxxfolio Holdings was 0.77. The lowest was -19.17. And the median was 0.23.

XCNQ:LUXX's Equity-to-Asset is ranked worse than
98.02% of 807 companies
in the Capital Markets industry
Industry Median: 0.49 vs XCNQ:LUXX: -2.91

Luxxfolio Holdings Equity-to-Asset Historical Data

The historical data trend for Luxxfolio 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.

Luxxfolio Holdings Equity-to-Asset Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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-0.15

0.77

0.49

0.40

-1.72

Luxxfolio Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial															0.42	0.19	-19.17	-1.72	-2.91

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

For the Capital Markets subindustry, Luxxfolio 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.

Luxxfolio Holdings's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Luxxfolio Holdings's Equity-to-Asset distribution charts can be found below:

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

Luxxfolio 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.

Luxxfolio Holdings'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
	=	-0.136	/	0.079
	=	-1.72

Luxxfolio Holdings's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.154	/	0.053
	=

Luxxfolio Holdings (XCNQ:LUXX) 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%.

Luxxfolio Holdings Equity-to-Asset Related Terms

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

Luxxfolio Holdings (XCNQ:LUXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (XCNQ:LUXX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

LUXFF:USA LUH:Germany

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.