Nextgen Digital Platforms (XCNQ:NXT) Equity-to-Asset : 0.91 (As of Sep. 2024)

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What is Nextgen Digital Platforms Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nextgen Digital Platforms's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$0.27 Mil. Nextgen Digital Platforms's Total Assets for the quarter that ended in Sep. 2024 was C$0.30 Mil.

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

XCNQ:NXT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.76 Med: 0.9 Max: 0.93
Current: 0.91

During the past 3 years, the highest Equity to Asset Ratio of Nextgen Digital Platforms was 0.93. The lowest was 0.76. And the median was 0.90.

XCNQ:NXT's Equity-to-Asset is ranked better than
96.6% of 2825 companies
in the Software industry
Industry Median: 0.55 vs XCNQ:NXT: 0.91

Nextgen Digital Platforms Equity-to-Asset Historical Data

The historical data trend for Nextgen Digital Platforms'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.

Nextgen Digital Platforms Equity-to-Asset Chart

Nextgen Digital Platforms Annual Data

Trend

Mar22

Mar23

Mar24

Equity-to-Asset

0.76

0.93

Nextgen Digital Platforms Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial			-	-	0.93	0.89	0.91

Competitive Comparison of Nextgen Digital Platforms's Equity-to-Asset

For the Software - Infrastructure subindustry, Nextgen Digital Platforms'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.

Nextgen Digital Platforms's Equity-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where Nextgen Digital Platforms's Equity-to-Asset falls into.

Nextgen Digital Platforms 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.

Nextgen Digital Platforms's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.405	/	0.436
	=	0.93

Nextgen Digital Platforms'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
	=	0.272	/	0.298
	=

Nextgen Digital Platforms (XCNQ:NXT) 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%.

Nextgen Digital Platforms Equity-to-Asset Related Terms

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Nextgen Digital Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nextgen Digital Platforms Inc (XCNQ:NXT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

Z12:Germany

Address

70 Trius Drive, Second Floor, Fredericton, NB, CAN, E3B 5E3

Website

https://nextgendigital.ca

Nextgen Digital Platforms Inc develops and acquires revenue-generating micro-technology digital platforms. It is developing a line of business referred to as Cloud AI Hosting ("Cloud AI Hosting"), a hardware-as-a-service business whereby the computing power of NextGen's specialized hardware workstations are leased to third-party end users for artificial intelligence applications, via a cloud-based portal.

Executives