Nuran Wireless (XCNQ:NUR) Equity-to-Asset : -0.16 (As of Sep. 2023)

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What is Nuran Wireless Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nuran Wireless's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-3.20 Mil. Nuran Wireless's Total Assets for the quarter that ended in Sep. 2023 was C$19.67 Mil. Therefore, Nuran Wireless's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.16.

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

XCNQ:NUR' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.31 Med: 0.01 Max: 0.65
Current: -0.16

During the past 8 years, the highest Equity to Asset Ratio of Nuran Wireless was 0.65. The lowest was -1.31. And the median was 0.01.

XCNQ:NUR's Equity-to-Asset is ranked worse than
97.18% of 2486 companies
in the Hardware industry
Industry Median: 0.57 vs XCNQ:NUR: -0.16

Nuran Wireless Equity-to-Asset Historical Data

The historical data trend for Nuran Wireless'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.

Nuran Wireless Equity-to-Asset Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Equity-to-Asset

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0.03

0.01

-0.05

-0.29

0.22

Nuran Wireless Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.38	0.31	0.22	0.08	-0.16

Competitive Comparison of Nuran Wireless's Equity-to-Asset

For the Communication Equipment subindustry, Nuran Wireless'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.

Nuran Wireless's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nuran Wireless's Equity-to-Asset distribution charts can be found below:

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

Nuran Wireless 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.

Nuran Wireless'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
	=	4.187	/	18.738
	=	0.22

Nuran Wireless's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-3.203	/	19.668
	=	-0.16

Nuran Wireless (XCNQ:NUR) 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%.

Nuran Wireless Equity-to-Asset Related Terms

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

Nuran Wireless (XCNQ:NUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nuran Wireless Inc (XCNQ:NUR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NRRWF:USA 1RNA:Germany

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa followed by Canada and so on.

Nuran Wireless (XCNQ:NUR) Headlines

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