Adastra Holdings (XCNQ:XTRX) Equity-to-Asset : 0.45 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Adastra Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Adastra Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$14.69 Mil. Adastra Holdings's Total Assets for the quarter that ended in Dec. 2023 was C$32.34 Mil. Therefore, Adastra Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.45.

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

XCNQ:XTRX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.59 Max: 0.78
Current: 0.45

During the past 5 years, the highest Equity to Asset Ratio of Adastra Holdings was 0.78. The lowest was 0.45. And the median was 0.59.

XCNQ:XTRX's Equity-to-Asset is ranked worse than
66.67% of 1086 companies
in the Drug Manufacturers industry
Industry Median: 0.58 vs XCNQ:XTRX: 0.45

Adastra Holdings Equity-to-Asset Historical Data

The historical data trend for Adastra 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.

Adastra Holdings Equity-to-Asset Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.59

0.73

0.78

0.57

0.45

Adastra Holdings Quarterly Data
	Oct18	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial													0.57	0.54	0.53	0.50	0.45

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

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra 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.

Adastra Holdings's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Adastra Holdings's Equity-to-Asset distribution charts can be found below:

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

Adastra 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.

Adastra Holdings'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
	=	14.685	/	32.343
	=	0.45

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	14.685	/	32.343
	=	0.45

Adastra Holdings (XCNQ:XTRX) 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%.

Adastra Holdings Equity-to-Asset Related Terms

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

Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod

Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

No Headlines