Plank Ventures (XCNQ:PLNK) Equity-to-Asset

: 0.20 (As of Jan. 2024)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Plank Ventures's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$2.82 Mil. Plank Ventures's Total Assets for the quarter that ended in Jan. 2024 was C$14.38 Mil. Therefore, Plank Ventures's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.20.

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

XCNQ:PLNK' s Equity-to-Asset Range Over the Past 10 Years
Min: -14.97 Med: 0.2 Max: 0.33
Current: 0.2

During the past 4 years, the highest Equity to Asset Ratio of Plank Ventures was 0.33. The lowest was -14.97. And the median was 0.20.

XCNQ:PLNK's Equity-to-Asset is ranked worse than
84.04% of 2839 companies
in the Software industry
Industry Median: 0.55 vs XCNQ:PLNK: 0.20

Plank Ventures Equity-to-Asset Historical Data

The historical data trend for Plank Ventures'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.

Plank Ventures Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Equity-to-Asset

-0.80

0.33

0.20

0.24

Plank Ventures Quarterly Data
	Oct18	Jan19	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset																0.16	0.15	0.24	0.22	0.20

Competitive Comparison

For the Software - Application subindustry, Plank Ventures'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.

Plank Ventures Equity-to-Asset Distribution

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

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

Plank Ventures 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.

Plank Ventures's Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Equity to Asset (A: Jul. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.349	/	14.169
	=	0.24

Plank Ventures's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2.819	/	14.378
	=	0.20

Plank Ventures (XCNQ:PLNK) 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%.

Plank Ventures Equity-to-Asset Related Terms

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

Plank Ventures (XCNQ:PLNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plank Ventures Ltd (XCNQ:PLNK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1080 Mainland Street, Suite 204, Vancouver, BC, CAN, V6C 2T4

Website

https://www.plankcapital.com

Plank Ventures Ltd is an investment company. It invests and acquires internet software companies that have growth potential and prove capabilities to sell services into the marketplace. The Company invests in business opportunities in the technology area and SaaS businesses with a focus on marketing via social media and promotion. The company's two operating segments are investing activities (Canada) and online promotions (United States of America). Geographically, it operates within Canada and the United States and derives a majority of its revenue from the United States.

Plank Ventures (XCNQ:PLNK) Headlines

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