Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hokuriku Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円46,747 Mil. Hokuriku Gas Co's Total Assets for the quarter that ended in Dec. 2023 was 円62,542 Mil.
Therefore, Hokuriku Gas Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.75.
The historical rank and industry rank for Hokuriku Gas Co's Equity-to-Asset or its related term are showing as below:
TSE:9537'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7 Med: 0.75 Max: 0.79
Current: 0.75
During the past 13 years, the highest Equity to Asset Ratio of Hokuriku Gas Co was 0.79. The lowest was 0.70. And the median was 0.75.
TSE:9537's Equity-to-Asset is ranked better than 92.29% of 519
companies
in the Utilities - Regulated industry
Industry Median: 0.37
vs TSE:9537: 0.75
Hokuriku Gas Co Equity-to-Asset Historical Data
The historical data trend for Hokuriku 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 Hokuriku Gas Co's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, Hokuriku 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.
Hokuriku Gas Co's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hokuriku Gas Co's Equity-to-Asset falls into.
Hokuriku 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.
Hokuriku Gas Co'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.
Hokuriku Gas Co (TSE:9537) 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%.
Hokuriku Gas Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Hokuriku Gas Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas, and gas-related equipment. It is involved in the manufacture, supply and sale of city gas, the operation of gas works, as well as the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
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