Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vital Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,785 Mil. Vital Energy's Total Assets for the quarter that ended in Dec. 2023 was $5,150 Mil.
Therefore, Vital Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.
The historical rank and industry rank for Vital Energy's Equity-to-Asset or its related term are showing as below:
VTLE'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.02 Med: 0.38 Max: 0.54
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Vital Energy was 0.54. The lowest was -0.02. And the median was 0.38.
VTLE's Equity-to-Asset is ranked better than 55.92% of 1089
companies
in the Oil & Gas industry
Industry Median: 0.51
vs VTLE: 0.54
Vital Energy Equity-to-Asset Historical Data
The historical data trend for Vital Energy'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 Vital Energy's Equity-to-Asset
For the Oil & Gas E&P subindustry, Vital Energy'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.
Vital Energy's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Vital Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vital Energy's Equity-to-Asset falls into.
Vital Energy 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.
Vital Energy'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.
Vital Energy (NYSE:VTLE) 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%.
Vital Energy Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Vital Energy's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Vital Energy is an independent energy company. Its business is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas. The Company has identified one operating segment: exploration and production.
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