eCargo Holdings (ASX:ECG) Equity-to-Asset

: -0.21 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. eCargo Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-6.28 Mil. eCargo Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$30.59 Mil. Therefore, eCargo Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.21.

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

ASX:ECG' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.72 Med: -0.21 Max: 0.83
Current: -0.21

During the past 9 years, the highest Equity to Asset Ratio of eCargo Holdings was 0.83. The lowest was -0.72. And the median was -0.21.

ASX:ECG's Equity-to-Asset is ranked worse than
95.97% of 1091 companies
in the Business Services industry
Industry Median: 0.49 vs ASX:ECG: -0.21

eCargo Holdings Equity-to-Asset Historical Data

The historical data trend for eCargo 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.

eCargo Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-0.21

-0.54

-0.72

-0.46

-0.21

eCargo Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset														-0.72	-0.35	-0.46	-0.36	-0.21

Competitive Comparison

For the Specialty Business Services subindustry, eCargo 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.

eCargo Holdings Equity-to-Asset Distribution

For the Business Services industry and Industrials sector, eCargo Holdings's Equity-to-Asset distribution charts can be found below:

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

eCargo 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.

eCargo 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
	=	-6.282	/	30.585
	=	-0.21

eCargo 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
	=	-6.282	/	30.585
	=	-0.21

eCargo Holdings (ASX:ECG) 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%.

eCargo Holdings Equity-to-Asset Related Terms

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eCargo Holdings (ASX:ECG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » eCargo Holdings Ltd (ASX:ECG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

13103N, ATL Logistics Centre B, 3 Kwai Chung Container Terminals, New Territories, Hong Kong, HKG

Website

https://www.eCargo.com

eCargo Holdings Ltd is an eCommerce business solution provider engaged in the development and provision of eCommerce technologies, integrated offline and online supply chain operations, provision of digital commerce solutions and services and brand distribution.. The company provides integrated online and offline supply chain solutions and operations for designer brands, retailers, and branded manufacturers. Its segments are Digital Commerce Service and Brand Distributions in Greater China. The majority of revenue is generated from the Greater China segment.

eCargo Holdings (ASX:ECG) Headlines

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