STEER Technologies (TSXV:STER) Equity-to-Asset : 0.47 (As of Sep. 2023)

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What is STEER Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. STEER Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$22.21 Mil. STEER Technologies's Total Assets for the quarter that ended in Sep. 2023 was C$47.38 Mil. Therefore, STEER Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.47.

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

TSXV:STER' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.62 Max: 1
Current: 0.47

During the past 5 years, the highest Equity to Asset Ratio of STEER Technologies was 1.00. The lowest was 0.01. And the median was 0.62.

TSXV:STER's Equity-to-Asset is ranked worse than
59.41% of 2836 companies
in the Software industry
Industry Median: 0.55 vs TSXV:STER: 0.47

STEER Technologies Equity-to-Asset Historical Data

The historical data trend for STEER 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.

STEER Technologies Equity-to-Asset Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.97

0.76

0.55

0.34

0.01

STEER 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	Get a 7-Day Free Trial															0.27	0.01	0.55	0.52	0.47

Competitive Comparison of STEER Technologies's Equity-to-Asset

For the Software - Application subindustry, STEER 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.

STEER Technologies's Equity-to-Asset Distribution in the Software Industry

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

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

STEER 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.

STEER Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	0.46	/	32.033
	=	0.01

STEER 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
	=	22.206	/	47.384
	=	0.47

STEER Technologies (TSXV:STER) 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%.

STEER Technologies Equity-to-Asset Related Terms

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

STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.