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Many Bright Ideas Technologies (TSXV:MBI.H) Equity-to-Asset : -56.67 (As of Dec. 2023)


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What is Many Bright Ideas Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Many Bright Ideas Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.17 Mil. Many Bright Ideas Technologies's Total Assets for the quarter that ended in Dec. 2023 was C$0.00 Mil.

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

TSXV:MBI.H' s Equity-to-Asset Range Over the Past 10 Years
Min: -114   Med: -5.16   Max: -0.12
Current: -56.67

During the past 13 years, the highest Equity to Asset Ratio of Many Bright Ideas Technologies was -0.12. The lowest was -114.00. And the median was -5.16.

TSXV:MBI.H's Equity-to-Asset is ranked worse than
100% of 239 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.58 vs TSXV:MBI.H: -56.67

Many Bright Ideas Technologies Equity-to-Asset Historical Data

The historical data trend for Many Bright Ideas 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.

Many Bright Ideas Technologies Equity-to-Asset Chart

Many Bright Ideas Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.88 -1.17 -7.43 -22.50 -56.67

Many Bright Ideas Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -22.50 -5.63 -7.82 -19.13 -56.67

Competitive Comparison of Many Bright Ideas Technologies's Equity-to-Asset

For the Diagnostics & Research subindustry, Many Bright Ideas 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.


Many Bright Ideas Technologies's Equity-to-Asset Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Many Bright Ideas Technologies's Equity-to-Asset distribution charts can be found below:

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



Many Bright Ideas 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.

Many Bright Ideas Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-0.17/0.003
=

Many Bright Ideas Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-0.17/0.003
=

* 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.


Many Bright Ideas Technologies  (TSXV:MBI.H) 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%.


Many Bright Ideas Technologies Equity-to-Asset Related Terms

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


Many Bright Ideas Technologies (TSXV:MBI.H) Business Description

Traded in Other Exchanges
Address
598 East Kent Avenue South, Vancouver, BC, CAN, V5X 4V6
Many Bright Ideas Technologies Inc is a Canada-based life science company. It focused on the development and commercialization of genomic-based clinical laboratory diagnostic tests. The company is engaged in managing the license and rights to GeneFx Lung, which is a proprietary gene expression-based test for identifying those patients with early-stage non-small-cell lung cancer.

Many Bright Ideas Technologies (TSXV:MBI.H) Headlines

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