Vita Life Sciences (ASX:VLS) Equity-to-Asset

: 0.73 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vita Life Sciences's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$43.40 Mil. Vita Life Sciences's Total Assets for the quarter that ended in Dec. 2023 was A$59.81 Mil. Therefore, Vita Life Sciences's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.73.

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

ASX:VLS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.71 Max: 0.75
Current: 0.73

During the past 13 years, the highest Equity to Asset Ratio of Vita Life Sciences was 0.75. The lowest was 0.62. And the median was 0.71.

ASX:VLS's Equity-to-Asset is ranked better than
71.85% of 1087 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs ASX:VLS: 0.73

Vita Life Sciences Equity-to-Asset Historical Data

The historical data trend for Vita Life Sciences'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.

Vita Life Sciences Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.62

0.63

0.68

0.71

0.73

Vita Life Sciences Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset																0.68	0.69	0.71	0.73	0.73

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Vita Life Sciences'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.

Vita Life Sciences Equity-to-Asset Distribution

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

* The bar in red indicates where Vita Life Sciences's Equity-to-Asset falls into.

Vita Life Sciences 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.

Vita Life Sciences'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
	=	43.397	/	59.807
	=	0.73

Vita Life Sciences'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
	=	43.397	/	59.807
	=	0.73

Vita Life Sciences (ASX:VLS) 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%.

Vita Life Sciences Equity-to-Asset Related Terms

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

Vita Life Sciences (ASX:VLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vita Life Sciences Ltd (ASX:VLS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bath Road Kirrawee, Unit 1/ 102, Sydney, NSW, AUS, 2232

Website

https://www.vitalifesciences.com

Vita Life Sciences Ltd is an Australian based pharmaceutical and healthcare company involved in formulating, packaging, sales, and distribution of vitamins and supplements. The company produces a wide range of premium supplements, vitamins, minerals, herbs and superfoods catered to all age categories and health conditions. The company markets its products through pharmacies and health food stores under the VitaHealth, Herbs of Gold brands throughout Asia-Pacific region.

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