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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Civitas Resources's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $6,586 Mil. Civitas Resources's Total Assets for the quarter that ended in Jun. 2024 was $15,041 Mil. Therefore, Civitas Resources's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.44.
The historical rank and industry rank for Civitas Resources's Equity-to-Asset or its related term are showing as below:
During the past 9 years, the highest Equity to Asset Ratio of Civitas Resources was 0.88. The lowest was -0.07. And the median was 0.77.
The historical data trend for Civitas Resources'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.
Civitas Resources Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.78 | 0.88 | 0.69 | 0.67 | 0.44 |
Civitas Resources Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.50 | 0.47 | 0.44 | 0.44 | 0.44 |
For the Oil & Gas E&P subindustry, Civitas Resources'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 Oil & Gas industry and Energy sector, Civitas Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Civitas Resources'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.
Civitas Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Equity to Asset (A: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 6181.321 | / | 14097.319 | |
= | 0.44 |
Civitas Resources's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as
Equity to Asset (Q: Jun. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | 6586.017 | / | 15041.29 | |
= | 0.44 |
* 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.
Civitas Resources (NYSE:CIVI) 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 Civitas Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Canada Pension Plan Investment Board | 10 percent owner | ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000 |
Jeffrey S Kelly | officer: Chief Transformation Officer | C/O CIVITAS RESOURCES, 555 17TH STREET, SUITE 3700, DENVER CO 80202 |
Kimmeridge Energy Management Company, Llc | director, 10 percent owner, other: See Remarks | 15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014 |
Travis L Counts | officer: Chief Legal Officer & Sec. | 555 17TH STREET, SUITE 3700, DENVER CO 80202 |
Thomas Hodge Walker | officer: Chief Operating Officer | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Deborah L Byers | director | C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381 |
Van Kempen Wouter T. | director | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Sandra Garbiso | officer: Vice President and CAO | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
M. Christopher Doyle | officer: President & CEO | 555 - 17TH STREET, SUITE 3700, DENVER CO 80022 |
Brian Cain | officer: Chief Sustainability Officer | 410-17TH STREET, SUITE 1400, DENVER CO 80202 |
Dean Tinsley | officer: SVP, Operations | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Brant Demuth | officer: EVP & Chief Financial Officer | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Paul Keglevic | director | STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024 |
Marter Iv Cyrus D | officer: SVP, General Counsel & Secy. | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Morris R Clark | director | CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
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