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ONEOK (OKE) Equity-to-Asset

: 0.37 (As of Dec. 2023)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ONEOK's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16,484 Mil. ONEOK's Total Assets for the quarter that ended in Dec. 2023 was $44,266 Mil. Therefore, ONEOK's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.

The historical rank and industry rank for ONEOK's Equity-to-Asset or its related term are showing as below:

OKE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01   Med: 0.26   Max: 0.37
Current: 0.37

During the past 13 years, the highest Equity to Asset Ratio of ONEOK was 0.37. The lowest was 0.01. And the median was 0.26.

OKE's Equity-to-Asset is ranked worse than
66.82% of 1088 companies
in the Oil & Gas industry
Industry Median: 0.505 vs OKE: 0.37

ONEOK Equity-to-Asset Historical Data

The historical data trend for ONEOK'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.

* Premium members only.

ONEOK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.26 0.26 0.27 0.37

ONEOK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.29 0.30 0.37 0.37

Competitive Comparison

For the Oil & Gas Midstream subindustry, ONEOK'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.


ONEOK Equity-to-Asset Distribution

For the Oil & Gas industry and Energy sector, ONEOK's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ONEOK's Equity-to-Asset falls into.



ONEOK 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.

ONEOK'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
=16484/44266
=0.37

ONEOK's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=16484/44266
=0.37

* 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.


ONEOK  (NYSE:OKE) 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%.


ONEOK Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of ONEOK's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


ONEOK (OKE) Business Description

Address
100 West Fifth Street, Tulsa, OK, USA, 74103
Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.
Executives
Eduardo A Rodriguez director 100 WEST FIFTH STREET, TULSA OK 74103
Lyndon C Taylor officer: See Remarks 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
James R Hoskin officer: See Remarks ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Wayne Thomas Smith director 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Lori Gobillot director 5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Janet L. Hogan officer: Senior Vice President HR 2307 OREGON STREET, OSHKOSH WI 54902
Pierce Norton director, officer: President & CEO 100 W. 5TH STREET, TULSA OK 74103
Brian L Derksen director 100 W. 5TH ST., TULSA OK 74103
Scott D Schingen officer: Senior VP Operations 100 WEST 5TH STREET, TULSA OK 74103
Mark W Helderman director 100 W. 5TH ST., TULSA OK 74102
Mary M Spears officer: VP & CHIEF ACCOUNTING OFFICER 100 W. 5TH ST., TULSA OK 74103
Gary David Parker director 100 W. 5TH ST., TULSA OK 74103
Terry K Spencer officer: OKS - COO 100 W. 5TH ST., TULSA OK 74103
John William Gibson director, officer: CEO 100 WEST FIFTH STREET, TULSA OK 74103
Hulse Walter S Iii officer: EVP STRATEGIC PLNG & CORP DEV 100 W. 5TH ST., TULSA OK 74103

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