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Spectra Products (Spectra Products) Equity-to-Asset : 0.82 (As of Sep. 2023)


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What is Spectra Products Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spectra Products's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1.40 Mil. Spectra Products's Total Assets for the quarter that ended in Sep. 2023 was $1.71 Mil. Therefore, Spectra Products's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.82.

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

SPKTF' s Equity-to-Asset Range Over the Past 10 Years
Min: -5.08   Med: -0.32   Max: 0.88
Current: 0.82

During the past 13 years, the highest Equity to Asset Ratio of Spectra Products was 0.88. The lowest was -5.08. And the median was -0.32.

SPKTF's Equity-to-Asset is ranked better than
93.97% of 1311 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SPKTF: 0.82

Spectra Products Equity-to-Asset Historical Data

The historical data trend for Spectra Products'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.

Spectra Products Equity-to-Asset Chart

Spectra Products 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 -0.30 0.74 0.86 0.85 0.73

Spectra Products 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 0.87 0.73 0.81 0.80 0.82

Competitive Comparison of Spectra Products's Equity-to-Asset

For the Auto Parts subindustry, Spectra Products'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.


Spectra Products's Equity-to-Asset Distribution in the Vehicles & Parts Industry

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

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



Spectra Products 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.

Spectra Products'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
=1.284/1.755
=0.73

Spectra Products'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
=1.395/1.71
=0.82

* 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.


Spectra Products  (OTCPK:SPKTF) 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%.


Spectra Products Equity-to-Asset Related Terms

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


Spectra Products (Spectra Products) Business Description

Traded in Other Exchanges
Address
41 Horner Avenue, Unit 2, Etobicoke, Toronto, ON, CAN, M8Z 4X4
Spectra Products Inc is a company engaged in manufacturing and supplying safety and productivity enhancement products to the bus and truck transportation industry. The operating segment of the company is Bus and Truck Transportation Safety Equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Geographically, it generates the majority of its revenue from the United States.

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