Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Leonardo DRS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,355 Mil. Leonardo DRS's Total Assets for the quarter that ended in Mar. 2024 was $3,781 Mil.
Therefore, Leonardo DRS's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.62.
The historical rank and industry rank for Leonardo DRS's Equity-to-Asset or its related term are showing as below:
DRS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 0.62
Current: 0.62
During the past 6 years, the highest Equity to Asset Ratio of Leonardo DRS was 0.62. The lowest was 0.35. And the median was 0.54.
DRS's Equity-to-Asset is ranked better than 70.79% of 315
companies
in the Aerospace & Defense industry
Industry Median: 0.45
vs DRS: 0.62
Leonardo DRS Equity-to-Asset Historical Data
The historical data trend for Leonardo DRS'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 Leonardo DRS's Equity-to-Asset
For the Aerospace & Defense subindustry, Leonardo DRS'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.
Leonardo DRS's Equity-to-Asset Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo DRS's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Leonardo DRS's Equity-to-Asset falls into.
Leonardo DRS 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.
Leonardo DRS'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.
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%.
Leonardo DRS Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Leonardo DRS's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.
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