Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sonim Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $22.37 Mil. Sonim Technologies's Total Assets for the quarter that ended in Dec. 2023 was $56.04 Mil.
Therefore, Sonim Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.40.
The historical rank and industry rank for Sonim Technologies's Equity-to-Asset or its related term are showing as below:
SONM'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.32 Med: 0.4 Max: 0.57
Current: 0.4
During the past 7 years, the highest Equity to Asset Ratio of Sonim Technologies was 0.57. The lowest was -0.32. And the median was 0.40.
SONM's Equity-to-Asset is ranked worse than 75.48% of 2484
companies
in the Hardware industry
Industry Median: 0.57
vs SONM: 0.40
Sonim Technologies Equity-to-Asset Historical Data
The historical data trend for Sonim Technologies'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 Sonim Technologies's Equity-to-Asset
For the Communication Equipment subindustry, Sonim Technologies'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.
Sonim Technologies's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sonim Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sonim Technologies's Equity-to-Asset falls into.
Sonim Technologies 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.
Sonim Technologies'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%.
Sonim Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sonim Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonim Technologies (Sonim Technologies) Business Description
Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SONM has been successfully added to your 