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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comstock Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,446 Mil. Comstock Resources's Total Assets for the quarter that ended in Mar. 2024 was $6,317 Mil. Therefore, Comstock Resources's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.39.
The historical rank and industry rank for Comstock Resources's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Comstock Resources was 0.42. The lowest was -0.48. And the median was 0.27.
The historical data trend for Comstock Resources'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.
Comstock Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.33 | 0.31 | 0.25 | 0.40 | 0.38 |
Comstock Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.42 | 0.39 | 0.38 | 0.38 | 0.39 |
For the Oil & Gas E&P subindustry, Comstock Resources'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 Oil & Gas industry and Energy sector, Comstock Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Comstock Resources'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.
Comstock Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Equity to Asset (A: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 2358.414 | / | 6253.623 | |
= | 0.38 |
Comstock Resources's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Equity to Asset (Q: Mar. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | 2445.958 | / | 6317.242 | |
= | 0.39 |
* 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.
Comstock Resources (NYSE:CRK) 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 Comstock Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Roland O Burns | director, officer: Sr. VP & CFO | 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034 |
Brian Christopher Claunch | officer: VP of Financial Reporting | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
Patrick Mcgough | officer: Vice President of Operations | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
Jim L Turner | director | DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204 |
Morris E Foster | director | C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298 |
Newell Clifford Doyle Iii | officer: VP of Corporate Development | 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034 |
M Jay Allison | director, officer: Chairman & CEO | 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034 |
Kanaman Lori Ann Arendt | officer: VP of Marketing | 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034 |
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Russell W Romoser | officer: VP of Reservoir Engineering | 5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034 |
Ronald Eugene Mills | officer: VP of Finance. and IR | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
John David Jacobi | director | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
David John Terry | officer: Sr. VP of Corporate Dev. | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
Covey Park Holdings Llc | director, 10 percent owner | 8401 N. CENTRAL EXPRESSWAY, SUITE 700, DALLAS TX 75225 |
Jordan Tatum Marye | director | 700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002 |
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