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Inner East Community Finance (XNEC:IEC) Equity-to-Asset : 0.61 (As of Dec. 2022)


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What is Inner East Community Finance Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Inner East Community Finance's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$1.56 Mil. Inner East Community Finance's Total Assets for the quarter that ended in Dec. 2022 was A$2.56 Mil.

The historical rank and industry rank for Inner East Community Finance's Equity-to-Asset or its related term are showing as below:

XNEC:IEC's Equity-to-Asset is not ranked *
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Equity-to-Asset only.

Inner East Community Finance Equity-to-Asset Historical Data

The historical data trend for Inner East Community Finance'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.

Inner East Community Finance Equity-to-Asset Chart

Inner East Community Finance Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.31 -0.23 -1.04 -11.16

Inner East Community Finance Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.72 -1.04 -1.23 -11.16 0.61

Competitive Comparison of Inner East Community Finance's Equity-to-Asset

For the Engineering & Construction subindustry, Inner East Community Finance'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.


Inner East Community Finance's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Inner East Community Finance's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Inner East Community Finance's Equity-to-Asset falls into.



Inner East Community Finance 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.

Inner East Community Finance's Equity to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Equity to Asset (A: Jun. 2022 )=Total Stockholders Equity/Total Assets
=-19.012/1.704
=

Inner East Community Finance's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )=Total Stockholders Equity/Total Assets
=1.561/2.555
=

* 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.


Inner East Community Finance  (XNEC:IEC) 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%.


Inner East Community Finance Equity-to-Asset Related Terms

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


Inner East Community Finance (XNEC:IEC) Business Description

Traded in Other Exchanges
N/A
Address
2 Regent Ave, Suite 2, Springvale, AUS, 3171
Inner East Community Finance Ltd provides plant hire services for the construction and building industry. The company also provides commercial and construction management services and sale of scaffolding equipment.