Neptune Digital Assets (TSXV:NDA) Equity-to-Asset : 1.00 (As of Feb. 2024)

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What is Neptune Digital Assets Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Neptune Digital Assets's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$51.38 Mil. Neptune Digital Assets's Total Assets for the quarter that ended in Feb. 2024 was C$51.58 Mil. Therefore, Neptune Digital Assets's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 1.00.

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

TSXV:NDA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.98 Max: 1
Current: 1

During the past 5 years, the highest Equity to Asset Ratio of Neptune Digital Assets was 1.00. The lowest was 0.89. And the median was 0.98.

TSXV:NDA's Equity-to-Asset is ranked better than
99.75% of 806 companies
in the Capital Markets industry
Industry Median: 0.495 vs TSXV:NDA: 1.00

Neptune Digital Assets Equity-to-Asset Historical Data

The historical data trend for Neptune Digital Assets'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.

Neptune Digital Assets Equity-to-Asset Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

0.92

0.94

0.99

0.98

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial															0.99	0.99	0.98	0.99	1.00

Competitive Comparison of Neptune Digital Assets's Equity-to-Asset

For the Capital Markets subindustry, Neptune Digital Assets'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.

Neptune Digital Assets's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Neptune Digital Assets's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Neptune Digital Assets's Equity-to-Asset falls into.

Neptune Digital Assets 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.

Neptune Digital Assets's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	32.281	/	32.936
	=	0.98

Neptune Digital Assets's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	51.378	/	51.582
	=	1.00

Neptune Digital Assets (TSXV:NDA) 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%.

Neptune Digital Assets Equity-to-Asset Related Terms

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

Neptune Digital Assets (TSXV:NDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (TSXV:NDA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Neptune Digital Assets (TSXV:NDA) Headlines

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