Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AGL Resources's Total Stockholders Equity for the quarter that ended in Mar. 2016 was $4,032 Mil. AGL Resources's Total Assets for the quarter that ended in Mar. 2016 was $14,336 Mil.
Therefore, AGL Resources's Equity to Asset Ratio for the quarter that ended in Mar. 2016 was 0.28.
The historical rank and industry rank for AGL Resources's Equity-to-Asset or its related term are showing as below:
GAS's Equity-to-Asset is not ranked *
in the Utilities - Regulated industry.
Industry Median: 0.375 * Ranked among companies with meaningful Equity-to-Asset only.
AGL Resources Equity-to-Asset Historical Data
The historical data trend for AGL 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.
Competitive Comparison of AGL Resources's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, AGL 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.
AGL Resources's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, AGL Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where AGL Resources's Equity-to-Asset falls into.
AGL Resources 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.
AGL Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
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%.
AGL Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of AGL Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
AGL Resources (AGL Resources) Business Description
AGL Resources Inc was incorporated on November 27, 1995 under the laws of the State of Georgia. It is an energy services holding company. The Company is engaged in the distribution of natural gas in seven states; Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee and Maryland through its seven natural gas distribution utilities. The Company's business segments are Distribution Operations, Retail Operations, Wholesale Services and Midstream Operations. The distribution operations segment includes seven natural gas local distribution utilities with a focus of providing safe and reliable delivery of natural gas. The retail operations segment serves natural gas commodity customers and service contracts. The wholesale services segment is engaged in asset management and optimization, storage, transportation, producer and peaking services and wholesale marketing of natural gas across the U.S. and Canada. Wholesale services utilizes a portfolio of natural gas storage assets, contracted supply from all of the main producing regions, as well as contracted storage and transportation capacity to provide these services to its customers. The midstream operations segment includes a number of businesses that are related and complementary to its primary business. The Company competes with electric utilities and fuel oil and propane providers serving the residential, commercial and industrial markets and natural gas facilities. The Company's business is subject to substantial regulation by federal, state and local regulatory authorities.
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