Adit Edtech Acquisition (Adit Edtech Acquisition) Equity-to-Asset : 0.27 (As of Sep. 2023)

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What is Adit Edtech Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Adit Edtech Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $6.00 Mil. Adit Edtech Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $21.88 Mil.

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

ADEX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.94 Max: 0.97
Current: 0.27

During the past 3 years, the highest Equity to Asset Ratio of Adit Edtech Acquisition was 0.97. The lowest was 0.27. And the median was 0.94.

ADEX's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.83 vs ADEX: 0.27

Adit Edtech Acquisition Equity-to-Asset Historical Data

The historical data trend for Adit Edtech Acquisition'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.

Adit Edtech Acquisition Equity-to-Asset Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Equity-to-Asset

0.05

0.94

0.47

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial							0.95	0.47	0.45	0.43	0.27

Competitive Comparison of Adit Edtech Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Adit Edtech Acquisition'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.

Adit Edtech Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adit Edtech Acquisition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Adit Edtech Acquisition's Equity-to-Asset falls into.

Adit Edtech Acquisition 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.

Adit Edtech Acquisition'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
	=	12.849	/	27.205
	=

Adit Edtech Acquisition'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
	=	6	/	21.88
	=

Adit Edtech Acquisition (AMEX:ADEX) 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%.

Adit Edtech Acquisition Equity-to-Asset Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462