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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Piedmont Natural Gas Co's Total Stockholders Equity for the quarter that ended in Jul. 2016 was $1,522 Mil. Piedmont Natural Gas Co's Total Assets for the quarter that ended in Jul. 2016 was $5,575 Mil. Therefore, Piedmont Natural Gas Co's Equity to Asset Ratio for the quarter that ended in Jul. 2016 was 0.27.
The historical rank and industry rank for Piedmont Natural Gas Co's Equity-to-Asset or its related term are showing as below:
The historical data trend for Piedmont Natural Gas Co'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.
Piedmont Natural Gas Co Annual Data | |||||||||||||||||||||
Trend | Oct06 | Oct07 | Oct08 | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.31 | 0.27 | 0.27 | 0.27 | 0.28 |
Piedmont Natural Gas Co Quarterly Data | ||||||||||||||||||||
Oct11 | Jan12 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.28 | 0.28 | 0.27 | 0.28 | 0.27 |
For the Utilities - Regulated Gas subindustry, Piedmont Natural Gas Co'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 Utilities - Regulated industry and Utilities sector, Piedmont Natural Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Piedmont Natural Gas Co'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.
Piedmont Natural Gas Co's Equity to Asset Ratio for the fiscal year that ended in Oct. 2015 is calculated as
Equity to Asset (A: Oct. 2015 ) | = | Total Stockholders Equity | / | Total Assets |
= | 1426.312 | / | 5110.75 | |
= | 0.28 |
Piedmont Natural Gas Co's Equity to Asset Ratio for the quarter that ended in Jul. 2016 is calculated as
Equity to Asset (Q: Jul. 2016 ) | = | Total Stockholders Equity | / | Total Assets |
= | 1522.196 | / | 5574.708 | |
= | 0.27 |
* 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.
Piedmont Natural Gas Co (NYSE:PNY) 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 Piedmont Natural Gas Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Frank H Yoho | officer: Senior Vice President | 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240 |
Thomas E Skains | director, officer: Chairman, President and CEO | 214 N TRYON STREET, CHARLOTTE NC 28202 |
Phillip D Wright | director | 17988 EDISON AVE., CHESTERFIELD MO 63005 |
Holding Frank B Jr | director | 4300 SIX FORKS ROAD, RALEIGH NC 27609 |
Vicki W Mcelreath | director | PO BOX 33068, CHARLOTTE NC 28233 |
Minor M Shaw | director | PO BOX 6721, C/O MICCO CORP, GREENVILLE SC 29606 |
John W Harris | director | PO BOX 26532, RICHMOND VA 23261 |
Kim R Cocklin | officer: Vice President | C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256 |
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