Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Align Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$18,723 Mil. Align Technology's Total Assets for the quarter that ended in Mar. 2024 was R$30,654 Mil.
Therefore, Align Technology's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.61.
The historical rank and industry rank for Align Technology's Equity-to-Asset or its related term are showing as below:
BSP:A1LG34'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54 Med: 0.64 Max: 0.77
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of Align Technology was 0.77. The lowest was 0.54. And the median was 0.64.
BSP:A1LG34's Equity-to-Asset is ranked worse than 54.83% of 870
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs BSP:A1LG34: 0.61
Align Technology Equity-to-Asset Historical Data
The historical data trend for Align Technology'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.
Competitive Comparison of Align Technology's Equity-to-Asset
For the Medical Devices subindustry, Align Technology'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.
Align Technology's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Align Technology's Equity-to-Asset falls into.
Align Technology 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.
Align Technology's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
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%.
Align Technology Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Align Technology's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Align Technology (BSP:A1LG34) Business Description
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998, and it has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.
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