Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aura Systems's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-21.25 Mil. Aura Systems's Total Assets for the quarter that ended in Nov. 2023 was $1.49 Mil.
Therefore, Aura Systems's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was -14.30.
The historical rank and industry rank for Aura Systems's Equity-to-Asset or its related term are showing as below:
AUSI'
s Equity-to-Asset Range Over the Past 10 Years
Min: -411.96 Med: -41.72 Max: -9.64
Current: -14.3
During the past 13 years, the highest Equity to Asset Ratio of Aura Systems was -9.64. The lowest was -411.96. And the median was -41.72.
AUSI's Equity-to-Asset is ranked worse than 99.6% of 3026
companies
in the Industrial Products industry
Industry Median: 0.56
vs AUSI: -14.30
Aura Systems Equity-to-Asset Historical Data
The historical data trend for Aura Systems'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 Aura Systems's Equity-to-Asset
For the Specialty Industrial Machinery subindustry, Aura Systems'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.
Aura Systems's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Aura Systems's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Aura Systems's Equity-to-Asset falls into.
Aura Systems 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.
Aura Systems's Equity to Asset Ratio for the fiscal year that ended in Feb. 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.
Aura Systems (OTCPK:AUSI) 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%.
Aura Systems Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Aura Systems's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Aura Systems Inc is engaged in the development, commercialization, and sales of products, systems, and components. It uses patented and proprietary electromagnetic technology. The company develops and sells AuraGen axial flux mobile induction power systems to the industrial, commercial, and defense mobile power generation markets. It has also developed High Force Electromagnetic Linear Actuators.
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