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CardioComm Solutions (CardioComm Solutions) Equity-to-Asset : -1.10 (As of Sep. 2023)


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What is CardioComm Solutions Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CardioComm Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.31 Mil. CardioComm Solutions's Total Assets for the quarter that ended in Sep. 2023 was $0.28 Mil. Therefore, CardioComm Solutions's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -1.10.

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

EKGGF' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.77   Med: -0.55   Max: 0.32
Current: -1.1

During the past 13 years, the highest Equity to Asset Ratio of CardioComm Solutions was 0.32. The lowest was -2.77. And the median was -0.55.

EKGGF's Equity-to-Asset is ranked worse than
95.68% of 671 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs EKGGF: -1.10

CardioComm Solutions Equity-to-Asset Historical Data

The historical data trend for CardioComm Solutions'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.

CardioComm Solutions Equity-to-Asset Chart

CardioComm Solutions Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.06 -2.78 -1.86 -0.87 -1.46

CardioComm Solutions Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.08 -1.46 -1.10 -0.89 -1.10

Competitive Comparison of CardioComm Solutions's Equity-to-Asset

For the Health Information Services subindustry, CardioComm Solutions'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.


CardioComm Solutions's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CardioComm Solutions's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where CardioComm Solutions's Equity-to-Asset falls into.



CardioComm Solutions 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.

CardioComm Solutions'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
=-0.3/0.206
=-1.46

CardioComm Solutions'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
=-0.309/0.282
=-1.10

* 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.


CardioComm Solutions  (OTCPK:EKGGF) 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%.


CardioComm Solutions Equity-to-Asset Related Terms

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


CardioComm Solutions (CardioComm Solutions) Business Description

Traded in Other Exchanges
Address
18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2
CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.