Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Society Pass's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.31 Mil. Society Pass's Total Assets for the quarter that ended in Dec. 2023 was $16.36 Mil.
Therefore, Society Pass's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.32.
The historical rank and industry rank for Society Pass's Equity-to-Asset or its related term are showing as below:
SOPA'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.32 Med: 0.32 Max: 0.92
Current: 0.32
During the past 5 years, the highest Equity to Asset Ratio of Society Pass was 0.92. The lowest was -1.32. And the median was 0.32.
SOPA's Equity-to-Asset is ranked worse than 74.94% of 2841
companies
in the Software industry
Industry Median: 0.55
vs SOPA: 0.32
Society Pass Equity-to-Asset Historical Data
The historical data trend for Society Pass'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 Society Pass's Equity-to-Asset
For the Software - Application subindustry, Society Pass'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.
Society Pass's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Society Pass's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Society Pass's Equity-to-Asset falls into.
Society Pass 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.
Society Pass'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.
Society Pass (NAS:SOPA) 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%.
Society Pass Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Society Pass's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.
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