EV Technology Group (NEOE:EVTG) Equity-to-Asset : -0.21 (As of Sep. 2023)

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What is EV Technology Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EV Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-1.49 Mil. EV Technology Group's Total Assets for the quarter that ended in Sep. 2023 was C$7.17 Mil.

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

NEOE:EVTG' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.21 Med: 0.86 Max: 1
Current: -0.21

During the past 2 years, the highest Equity to Asset Ratio of EV Technology Group was 1.00. The lowest was -0.21. And the median was 0.86.

NEOE:EVTG's Equity-to-Asset is ranked worse than
97.1% of 1312 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs NEOE:EVTG: -0.21

EV Technology Group Equity-to-Asset Historical Data

The historical data trend for EV Technology Group'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.

EV Technology Group Equity-to-Asset Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

1.00

0.80

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.92	0.80	0.65	0.55	-0.21

Competitive Comparison of EV Technology Group's Equity-to-Asset

For the Auto Manufacturers subindustry, EV Technology Group'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.

EV Technology Group's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EV Technology Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where EV Technology Group's Equity-to-Asset falls into.

EV Technology Group 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.

EV Technology Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	14.626	/	18.404
	=	0.79

EV Technology Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.487	/	7.171
	=

EV Technology Group (NEOE:EVTG) 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%.

EV Technology Group Equity-to-Asset Related Terms

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

EV Technology Group (NEOE:EVTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (NEOE:EVTG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

EVTGF:USA B96A:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.

EV Technology Group (NEOE:EVTG) Headlines

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