Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Numinus Wellness's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$10.09 Mil. Numinus Wellness's Total Assets for the quarter that ended in Feb. 2024 was C$19.28 Mil.
Therefore, Numinus Wellness's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.52.
The historical rank and industry rank for Numinus Wellness's Equity-to-Asset or its related term are showing as below:
TSX:NUMI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.74 Max: 0.96
Current: 0.52
During the past 5 years, the highest Equity to Asset Ratio of Numinus Wellness was 0.96. The lowest was 0.13. And the median was 0.74.
TSX:NUMI's Equity-to-Asset is ranked better than 56.33% of 671
companies
in the Healthcare Providers & Services industry
Industry Median: 0.47
vs TSX:NUMI: 0.52
Numinus Wellness Equity-to-Asset Historical Data
The historical data trend for Numinus Wellness'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 Numinus Wellness's Equity-to-Asset
For the Medical Care Facilities subindustry, Numinus Wellness'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.
Numinus Wellness's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Numinus Wellness's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Numinus Wellness's Equity-to-Asset falls into.
Numinus Wellness 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.
Numinus Wellness's Equity to Asset Ratio for the fiscal year that ended in Aug. 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.
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%.
Numinus Wellness Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Numinus Wellness's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.
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