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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Novaccess Global's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-10.02 Mil. Novaccess Global's Total Assets for the quarter that ended in Sep. 2024 was $0.06 Mil.
The historical rank and industry rank for Novaccess Global's Equity-to-Asset or its related term are showing as below:
XSNX's Equity-to-Asset is not ranked *
in the Biotechnology industry.
Industry Median: 0.69 * Ranked among companies with meaningful Equity-to-Asset only.
Novaccess Global (OTCPK:XSNX) 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%.
Novaccess Global Equity-to-Asset Related Terms
Novaccess Global Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Novaccess Global'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.
XSNX vs NBIO, BTAX, PXMD: Equity-to-Asset Comparison
For the Biotechnology subindustry, Novaccess Global'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.
Novaccess Global Equity-to-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Novaccess Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Novaccess Global's Equity-to-Asset falls into.
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.
Novaccess Global's Equity to Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as
* 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.
Novaccess Global (XSNX) has a Equity-to-Asset of -161.09 as of Sep. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Novaccess Global and its competitors.
Is Novaccess Global's Equity-to-Asset too high?
Novaccess Global's current Equity-to-Asset is -161.09. Overall, Novaccess Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novaccess Global's Equity-to-Asset compare to NBIO and BTAX?
Novaccess Global's Equity-to-Asset of -161.09 can be compared against companies in the Biotechnology industry. The industry median Equity-to-Asset is 0.69. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Biotechnology company?
The median Equity-to-Asset among Biotechnology companies is 0.69, based on 1,410 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Novaccess Global and its competitors. For the Biotechnology industry, the median Equity-to-Asset is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novaccess Global's current Equity-to-Asset is -161.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novaccess Global stock overvalued right now?
Novaccess Global (XSNX) has a current Equity-to-Asset of -161.09. The current Equity-to-Asset is -161.09. Novaccess Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Novaccess Global (XSNX), the current Equity-to-Asset is -161.09 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Novaccess Global Inc is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States. The company's team of experts is working to strengthen the capability of the human body's defense against cancer.
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