Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Trex Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $717 Mil. Trex Co's Total Assets for the quarter that ended in Dec. 2023 was $933 Mil.
Therefore, Trex Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.77.
The historical rank and industry rank for Trex Co's Equity-to-Asset or its related term are showing as below:
TREX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.72 Max: 0.79
Current: 0.77
During the past 13 years, the highest Equity to Asset Ratio of Trex Co was 0.79. The lowest was 0.55. And the median was 0.72.
TREX's Equity-to-Asset is ranked better than 90.94% of 1678
companies
in the Construction industry
Industry Median: 0.44
vs TREX: 0.77
Trex Co Equity-to-Asset Historical Data
The historical data trend for Trex 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 Trex Co's Equity-to-Asset
For the Building Products & Equipment subindustry, Trex 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.
Trex Co's Equity-to-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Trex Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Trex Co's Equity-to-Asset falls into.
Trex 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.
Trex Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Trex Co (NYSE:TREX) 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%.
Trex Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Trex Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in two reportable segments Trex Residential and Trex Commercial. The majority of revenue is derived from the Trex Residential segment.
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