Nabors Energy Transition (Nabors Energy Transition) Equity-to-Asset : 0.90 (As of Sep. 2023)

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What is Nabors Energy Transition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nabors Energy Transition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $96.04 Mil. Nabors Energy Transition's Total Assets for the quarter that ended in Sep. 2023 was $107.05 Mil.

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

NETC.U' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15 Med: 0.96 Max: 0.97
Current: 0.9

During the past 2 years, the highest Equity to Asset Ratio of Nabors Energy Transition was 0.97. The lowest was -0.15. And the median was 0.96.

NETC.U's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs NETC.U: 0.90

Nabors Energy Transition Equity-to-Asset Historical Data

The historical data trend for Nabors Energy Transition'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.

Nabors Energy Transition Equity-to-Asset Chart

Nabors Energy Transition Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

0.96

Nabors Energy Transition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial						0.96	0.96	0.97	0.90	0.90

Competitive Comparison of Nabors Energy Transition's Equity-to-Asset

For the Shell Companies subindustry, Nabors Energy Transition'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.

Nabors Energy Transition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nabors Energy Transition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nabors Energy Transition's Equity-to-Asset falls into.

Nabors Energy Transition 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.

Nabors Energy Transition'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
	=	274.221	/	285.684
	=

Nabors Energy Transition'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
	=	96.04	/	107.05
	=

Nabors Energy Transition (NYSE:NETC.U) 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%.

Nabors Energy Transition Equity-to-Asset Related Terms

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