Shiny Health & Wellness (TSXV:SNYB) Equity-to-Asset

: -0.45 (As of Oct. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shiny Health & Wellness's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$-5.09 Mil. Shiny Health & Wellness's Total Assets for the quarter that ended in Oct. 2023 was C$11.25 Mil. Therefore, Shiny Health & Wellness's Equity to Asset Ratio for the quarter that ended in Oct. 2023 was -0.45.

The historical rank and industry rank for Shiny Health & Wellness's Equity-to-Asset or its related term are showing as below:

TSXV:SNYB' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.45 Med: 0.27 Max: 0.45
Current: -0.45

During the past 2 years, the highest Equity to Asset Ratio of Shiny Health & Wellness was 0.45. The lowest was -0.45. And the median was 0.27.

TSXV:SNYB's Equity-to-Asset is ranked worse than
93.58% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs TSXV:SNYB: -0.45

Shiny Health & Wellness Equity-to-Asset Historical Data

The historical data trend for Shiny Health & 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.

* Premium members only.

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Equity-to-Asset

0.44

0.13

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Equity-to-Asset							0.41	0.13	0.11	0.01	-0.45

Competitive Comparison

For the Pharmaceutical Retailers subindustry, Shiny Health & 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.

Shiny Health & Wellness Equity-to-Asset Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's Equity-to-Asset falls into.

Shiny Health & 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.

Shiny Health & Wellness's Equity to Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

Equity to Asset (A: Jan. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.008	/	22.646
	=	0.13

Shiny Health & Wellness's Equity to Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

Equity to Asset (Q: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-5.085	/	11.254
	=	-0.45

Shiny Health & Wellness (TSXV:SNYB) 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%.

Shiny Health & Wellness Equity-to-Asset Related Terms

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

Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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