The historical rank and industry rank for Hindalco Industries's Equity-to-Asset or its related term are showing as below:
NSE:HINDALCO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.35 Max: 0.44
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Hindalco Industries was 0.44. The lowest was 0.28. And the median was 0.35.
NSE:HINDALCO's Equity-to-Asset is ranked worse than 75.91% of 2711
companies
in the Metals & Mining industry
Industry Median: 0.8
vs NSE:HINDALCO: 0.44
Hindalco Industries Equity-to-Asset Historical Data
The historical data trend for Hindalco Industries'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 Hindalco Industries's Equity-to-Asset
For the Aluminum subindustry, Hindalco Industries'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.
Hindalco Industries's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hindalco Industries's Equity-to-Asset falls into.
Hindalco Industries 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.
Hindalco Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 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%.
Hindalco Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Hindalco Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindalco Industries (NSE:HINDALCO) Business Description
Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.
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