Enablence Technologies (TSXV:ENA) Equity-to-Asset

: -4.44 (As of Sep. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Enablence Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-20.39 Mil. Enablence Technologies's Total Assets for the quarter that ended in Sep. 2023 was C$4.59 Mil. Therefore, Enablence Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -4.44.

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

TSXV:ENA' s Equity-to-Asset Range Over the Past 10 Years
Min: -28.57 Med: -3.78 Max: 0.59
Current: -4.44

During the past 13 years, the highest Equity to Asset Ratio of Enablence Technologies was 0.59. The lowest was -28.57. And the median was -3.78.

TSXV:ENA's Equity-to-Asset is ranked worse than
99.36% of 2482 companies
in the Hardware industry
Industry Median: 0.57 vs TSXV:ENA: -4.44

Enablence Technologies Equity-to-Asset Historical Data

The historical data trend for Enablence Technologies'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.

Enablence Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

-12.00

-19.72

-28.57

-6.83

-2.16

Enablence Technologies 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																-6.42	-7.62	-8.00	-2.16	-4.44

Competitive Comparison

For the Communication Equipment subindustry, Enablence Technologies'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.

Enablence Technologies Equity-to-Asset Distribution

For the Hardware industry and Technology sector, Enablence Technologies's Equity-to-Asset distribution charts can be found below:

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

Enablence Technologies 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.

Enablence Technologies's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-17.156	/	7.932
	=	-2.16

Enablence Technologies'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
	=	-20.39	/	4.594
	=	-4.44

Enablence Technologies (TSXV:ENA) 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%.

Enablence Technologies Equity-to-Asset Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enablence Technologies Inc (TSXV:ENA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ENAFF:USA

Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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