Rhetan TMT (BOM:543590) Equity-to-Asset : 0.74 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Rhetan TMT Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Rhetan TMT's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹866.1 Mil. Rhetan TMT's Total Assets for the quarter that ended in Sep. 2023 was ₹1,169.0 Mil. Therefore, Rhetan TMT's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.74.

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

BOM:543590' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.55 Max: 0.76
Current: 0.74

During the past 4 years, the highest Equity to Asset Ratio of Rhetan TMT was 0.76. The lowest was 0.01. And the median was 0.55.

BOM:543590's Equity-to-Asset is ranked better than
80.25% of 633 companies
in the Steel industry
Industry Median: 0.53 vs BOM:543590: 0.74

Rhetan TMT Equity-to-Asset Historical Data

The historical data trend for Rhetan TMT'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.

Rhetan TMT Equity-to-Asset Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.01

0.20

0.40

0.76

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.40	0.69	0.76	0.74

Competitive Comparison of Rhetan TMT's Equity-to-Asset

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rhetan TMT's Equity-to-Asset distribution charts can be found below:

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

Rhetan TMT 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.

Rhetan TMT's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	851.647	/	1125.017
	=	0.76

Rhetan TMT'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
	=	866.14	/	1168.986
	=	0.74

Rhetan TMT (BOM:543590) 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%.

Rhetan TMT Equity-to-Asset Related Terms

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

Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

Rhetan TMT (BOM:543590) Headlines

No Headlines