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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tingo's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $1,196.9 Mil. Tingo's Total Assets for the quarter that ended in Jun. 2023 was $1,235.3 Mil.
The historical rank and industry rank for Tingo's Equity-to-Asset or its related term are showing as below:
The historical data trend for Tingo'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.
Tingo Annual Data | |||||||||||||||||
Trend | Jun15 | Jun16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.93 | 0.34 | 0.83 | 0.35 | 0.98 |
Tingo Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.38 | 0.60 | 0.98 | 0.97 | 0.97 |
For the Software - Infrastructure subindustry, Tingo'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.
For the Software industry and Technology sector, Tingo's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tingo's Equity-to-Asset falls into.
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.
Tingo'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 |
= | 1206.339 | / | 1234.88 | |
= |
Tingo's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as
Equity to Asset (Q: Jun. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 1196.915 | / | 1235.313 | |
= |
* 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.
Tingo (OTCPK:TMNA) 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%.
Thank you for viewing the detailed overview of Tingo's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dozy Mmobousi | director, 10 percent owner, officer: CEO | BRICKFIELD, RADLETT X0 WD7 8BS |
Christophe Charlier | director | 7F 77/2 AL-FARABI AVENUE, ALMATY 1P 050040 |
Rory Bowen | officer: Chief of Staff | APARTMENT 19, 2 OFFENHAM ROAD, LONDON X0 SW9 7BN |
Daksheshkumar B Patel | director, officer: CFO | APARTMENT 205, THE EMPEROR, 8 WEST ROAD SOUTH, SANDTON, JOHANNESBURG T3 2196 |
Leslie Nabanya Kasumba | director | 199 SIBAYA SANDS 9 THE STRAIGHT AVENUE, PINESLOPES, LONEHILL, SANDTON, JOHANNESBURG T3 2191 |
Kenneth I Denos | officer: EVP, Genl Counsel & Secy | 10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095 |
Onyekachi Elochukwu Onubogu | director | 14 A DASILVA ROAD, LAGOS Q5 101222 |
Christopher John Cleverly | director, officer: President | 60 THE GREEN, POULSHOT DEVICES X0 5N101RT |
Derrick Randall-emeka | director | 21 MILESPIT HILL, MILL HILL X0 NW7 2PJ |
Adewale Adebayo | director | 1004 ESTATE, CLUSTAR D1 APARTMENT 116, VICTORIA ISLAND / LAGOS Q5 101241 |
Alex Lightman | director | 3470 ONLEY-LAYTONSVILLE ROAD, SUITE 118, OLNEY MD 20832 |
John J Brown | director | 1450 BOOT RD BLDG 400, ROM TECH INC, WEST CHESTER PA 19380 |
Zoliwe Macanda-simbodyal | director | 29 WOOLCOMBES COURT, LONDON X0 SE16 5RQ |
Gurjinder Johal | director | 301 EAST 21ST, #13B, NEW YORK NY 10010 |
Tingo, Inc. | 10 percent owner | 11650 SOUTH STATE STREET, SUITE 240, DRAPER UT 84020 |
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