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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Scientific Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $9.88 Mil. Scientific Industries's Total Assets for the quarter that ended in Sep. 2023 was $13.05 Mil. Therefore, Scientific Industries's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.76.
The historical rank and industry rank for Scientific Industries's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Scientific Industries was 0.91. The lowest was 0.67. And the median was 0.79.
The historical data trend for Scientific Industries'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.
For the Scientific & Technical Instruments subindustry, Scientific Industries'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.
For the Hardware industry and Technology sector, Scientific Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Scientific Industries's Equity-to-Asset falls into.
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.
Scientific Industries's Equity to Asset Ratio for the fiscal year that ended in Jun. 2021 is calculated as
Equity to Asset (A: Jun. 2021 ) | = | Total Stockholders Equity | / | Total Assets |
= | 26.225 | / | 29.006 | |
= | 0.90 |
Scientific Industries'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 |
= | 9.878 | / | 13.048 | |
= | 0.76 |
* 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.
Scientific Industries (OTCPK:SCND) 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%.
Thank you for viewing the detailed overview of Scientific Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bleichroeder Lp | 10 percent owner | 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105 |
Marcus Frampton | director, 10 percent owner | 800 F STREET, UNIT #P2, JUNEAU AK 99801 |
Jurgen Walter Schumacher | director | WARTAWEIL 14, HERRSCHING 2M 82211 |
Reginald Averilla | officer: Chief Financial Officer | 175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432 |
Joseph G Cremonese | director | C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716 |
John A Moore | director | 403 MARSH LANE, WILMINGTON DE 19807 |
Helena R Santos | director, officer: President and CEO | |
Veradace Partners Lp | 10 percent owner | 2626 COLE AVENUE, SUITE 300, DALLAS TX 75204 |
James B Polk | officer: Chief Commercial Officer | 7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101 |
Roy T Eddleman | 10 percent owner | 110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048 |
Lyon Polk | 10 percent owner | 1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036 |
Christopher T Cox | 10 percent owner | CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281 |
Robert Nichols | officer: Secretary | C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716 |
Watkins John F F | director | 469 PUMPKIN LANE, CLINTON CORNERS NY 12514 |
Karl Nowosielski | officer: President-Division | C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716 |
From GuruFocus
By ACCESSWIRE 03-31-2022
By ACCESSWIRE 11-16-2021
By ACCESSWIRE 10-15-2021
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