Equity to Asset ratio is calculated as total stockholders equity divided by total asset. UFP Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $286.1 Mil. UFP Technologies's Total Assets for the quarter that ended in Dec. 2023 was $404.1 Mil.
Therefore, UFP Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.71.
The historical rank and industry rank for UFP Technologies's Equity-to-Asset or its related term are showing as below:
UFPT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.85 Max: 0.9
Current: 0.72
During the past 13 years, the highest Equity to Asset Ratio of UFP Technologies was 0.90. The lowest was 0.58. And the median was 0.85.
UFPT's Equity-to-Asset is ranked better than 61.49% of 870
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs UFPT: 0.72
UFP Technologies Equity-to-Asset Historical Data
The historical data trend for UFP 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.
Competitive Comparison of UFP Technologies's Equity-to-Asset
For the Medical Devices subindustry, UFP 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.
UFP Technologies's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, UFP Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where UFP Technologies's Equity-to-Asset falls into.
UFP 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.
UFP Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
UFP Technologies Equity-to-Asset Related Terms
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UFP Technologies (UFP Technologies) Business Description
UFP Technologies Inc is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing highly specialized foams, films, and plastics primarily for the medical market. The company manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. It is an important link in the medical device supply chain and a valued outsource partner to many of the top medical device manufacturers in the world. The company's single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.
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