J G Chemicals (BOM:544138) Equity-to-Asset : 0.83 (As of Dec. 2023)

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What is J G Chemicals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. J G Chemicals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹2,259 Mil. J G Chemicals's Total Assets for the quarter that ended in Dec. 2023 was ₹2,713 Mil.

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

BOM:544138' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.64 Max: 0.83
Current: 0.83

During the past 3 years, the highest Equity to Asset Ratio of J G Chemicals was 0.83. The lowest was 0.52. And the median was 0.64.

BOM:544138's Equity-to-Asset is ranked better than
54.15% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs BOM:544138: 0.83

J G Chemicals Equity-to-Asset Historical Data

The historical data trend for J G Chemicals'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.

J G Chemicals Equity-to-Asset Chart

J G Chemicals Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.52

0.58

0.70

J G Chemicals Quarterly Data
	Mar21	Mar22	Mar23	Dec23
Equity-to-Asset	0.52	0.58	0.70	0.83

Competitive Comparison of J G Chemicals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, J G Chemicals'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.

J G Chemicals's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, J G Chemicals's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where J G Chemicals's Equity-to-Asset falls into.

J G Chemicals 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.

J G Chemicals'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
	=	2076.55	/	2977.9
	=	0.70

J G Chemicals's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2259.1	/	2712.62
	=

J G Chemicals (BOM:544138) 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%.

J G Chemicals Equity-to-Asset Related Terms

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

J G Chemicals (BOM:544138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » J G Chemicals Ltd (BOM:544138) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

JGCHEM:India

Address

Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, CK Market, North 24 Parganas, Saltlake, Bidhan Nagar, WB, IND, 700091

Website

https://www.jgchem.com

J G Chemicals Ltd is a zinc oxide manufacturer company. It sells over 80 grades of zinc oxide and has products that cater to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas, and animal feed.

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