Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toho Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円437,427 Mil. Toho Gas Co's Total Assets for the quarter that ended in Dec. 2023 was 円699,520 Mil.
Therefore, Toho Gas Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.63.
The historical rank and industry rank for Toho Gas Co's Equity-to-Asset or its related term are showing as below:
TSE:9533'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.58 Max: 0.62
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of Toho Gas Co was 0.62. The lowest was 0.51. And the median was 0.58.
TSE:9533's Equity-to-Asset is ranked better than 83.24% of 519
companies
in the Utilities - Regulated industry
Industry Median: 0.37
vs TSE:9533: 0.62
Toho Gas Co Equity-to-Asset Historical Data
The historical data trend for Toho 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.
Competitive Comparison of Toho Gas Co's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, Toho 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.
Toho Gas Co's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Toho Gas Co's Equity-to-Asset falls into.
Toho Gas Co 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.
Toho Gas Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 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.
Toho Gas Co (TSE:9533) 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%.
Toho Gas Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Toho Gas Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.
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